Crypto Market Turns Red: Zcash Slides 7.48%, Bitcoin Falls to $81,614, and Solana Logs 95 Large Transfers in an Hour
Redakcja CryptoPulsar ·
Total crypto market capitalization is $2.83 trillion. Bitcoin fell 0.81% to $81,614, while Zcash posted the biggest drop at 7.48%. On the Solana blockchain, whales moved 95 transfers above 10,000 SOL, which may signal volatility ahead.
The crypto market opened October 16 with red candles across the board. Total market capitalization stands at $2.83 trillion, while Bitcoin fell 0.81% to $81,614. The biggest one-day decline among the top 10 came from Zcash, down 7.48%, while TRON was the only major altcoin in positive territory, gaining 0.67%. Behind the scenes, Solana recorded unusual on-chain activity: 95 transfers above 10,000 SOL were registered in a single hour, which could increase short-term volatility.
Top Gainers and Losers in the Top 10
| Crypto | Price | 24h | 7d |
|---|---|---|---|
| Bitcoin (BTC) | $81,614 | -0.81% | -1.05% |
| Ethereum (ETH) | $2,412 | -1.83% | -2.84% |
| Tether (USDT) | $0.9991 | -0.00% | -0.01% |
| BNB | $721.03 | -1.34% | -2.49% |
| XRP | $1.30 | -2.81% | -6.38% |
| USDC | $0.9997 | +0.01% | +0.01% |
| Solana (SOL) | $103.71 | -2.00% | -5.30% |
| TRON (TRX) | $0.3347 | +0.67% | +0.97% |
| Figure Heloc | $1.034 | -0.28% | +0.03% |
| Zcash (ZEC) | $1,144.91 | -7.48% | -5.26% |
Market Cap and Volumes of Key Assets
| Crypto | Market Cap | 24h Volume | ATH |
|---|---|---|---|
| Bitcoin | $1.64T | $29.35B | $126,080 |
| Ethereum | $294.62B | $12.68B | $4,946.05 |
| Tether | $183.50B | $53.72B | $1.32 |
| BNB | $96.01B | $741.22M | $1,369.99 |
| XRP | $82.24B | $1.45B | $3.65 |
| USDC | $72.39B | $16.83B | $1.043 |
| Solana | $61.12B | $2.94B | $293.31 |
| TRON | $31.79B | $364.76M | $0.4313 |
| Figure Heloc | $24.77B | $361.20M | $1.075 |
| Zcash | $19.47B | $1.21B | $3,191.93 |
Market Analysis
Bitcoin: Price Under Pressure Despite Oversold Conditions (RSI 25.5)
Bitcoin (BTC) lost 0.81% over 24 hours, slipping to $81,614 on volume of $29.35 billion. According to CryptoPulsar market cycle data, the RSI(14) oversold indicator dropped to 25.5 points, signaling strong oversold conditions. However, the MACD with a negative histogram around -4.3 and the 9/21 moving average cross remain bearish, suggesting the short-term trend has not reversed yet.
The Fear and Greed Index stands at 63, still indicating mild greed. That suggests part of the market may be ignoring the risk of further downside. Perpetual funding rates remained neutral, so leverage is not overheated. If daily transaction count holds above 1.1 million and RSI bounces from oversold territory, a short-term rebound is possible, but until MACD and the 9/21 moving averages shift, the trend remains bearish.
Ethereum: RSI 24.1 Signals Deeply Oversold, but the Trend Remains Weak
Ethereum (ETH) fell 1.83% to $2,412. On-chain data shows net outflows from exchanges of around 613 ETH over the past four hours, while the last hour saw 61 large transfers, including approximately 20,000 ETH and 15,362 ETH. This points to whale activity or internal exchange wallet moves.
Daily RSI dropped to 24.1, signaling deeply oversold conditions, but MACD and the 9/21 EMA cross remain bearish. ETH funding rate is neutral at 0.0046%, and the Fear & Greed Index sits at 63, pointing to mild greed without extreme sentiment. If the described exchange outflows continue, market supply could shrink, but until the EMAs and MACD turn around, any rebound may be fragile.
Solana: 95 Transfers Above 10,000 SOL in One Hour
Solana (SOL) lost 2.00%, falling to $103.71. On-chain activity is exceptionally high: 95 transfers above 10,000 SOL were recorded in one hour, with the largest single moves reaching around 767K, 665K, and 446K SOL. That often signals funds being moved by large entities or exchanges, so short-term volatility could rise.
💡 Worth Knowing
Solana's RSI at 43.5 is not yet oversold, but the daily trend remains bearish. If these large transfers hit the market, supply could keep weighing on price. If they are only internal moves, the market could quickly return to stability.
Zcash Leads the Declines, TRON Stays Green
Zcash (ZEC) posted the deepest decline in the top 10, losing 7.48% to $1,144.91 on volume of $1.21 billion. XRP fell 2.81% and remains the weakest on a weekly basis at -6.38%. In contrast, TRON (TRX) stood out with a 0.67% gain to $0.3347, adding 0.97% over seven days, making it the only major altcoin in positive territory.
Tokenized SOXLB ETF: 27.6% Drop in 7 Days
In CryptoPulsar AI analyses, the Semicon Bull 3X ETF (bStocks Tokenized Stock), a tokenized 3x leveraged ETF on the semiconductor sector, appeared. The current sell-off amounts to 27.6% in 7 days with a 30-day change of only +3.4%, suggesting strong rotation out of technology stocks. The base scenario assumes consolidation in the 95-125 USD range, the bullish scenario after breaking 130 USD targets 150-170 USD, and the bearish scenario after breaking 90 USD targets 70-80 USD. Risk assessment