# BTC & ETH: Under Pressure, but Are Sellers Really in Control?

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- Author: [Dariusz](https://www.motacrypto.pl/en/author)
- Published: October 16, 2026
- Category: [Analysis](https://www.motacrypto.pl/en/category/analizy)
- Tags: Bitcoin, ETH, News, USA
- Source: https://www.motacrypto.pl/en/post/btc-eth-under-pressure-but-are-sellers-really-in-control

The crypto market remains volatile following the latest wave of liquidations. Bitcoin is trading in the $81,000–$82,000 range, while Ethereum is hovering around $2,400. After a sharp downward move, prices have shown signs of stabilization, but the overall market structure still calls for caution.

## Bitcoin (BTC)

**BTC: approximately $81,100** in the latest CoinGlass spot market reading.

The key level to watch remains the $80,000 area. Holding above this zone could create conditions for another recovery attempt. A sustained move back above $82,000–$83,000 would improve the short-term technical outlook.

CoinGlass data indicates open interest of approximately $52.3 billion, with futures trading volume significantly exceeding spot volume. This points to substantial derivatives market activity, but does not, by itself, confirm an influx of fresh capital.

CryptoQuant provides data on exchange reserves and BTC netflows. When interpreting these metrics, the direction of flows over a longer time frame matters more than any single reading. Sustained exchange outflows, combined with strong spot demand, would provide a stronger argument for accumulation.

## Ethereum (ETH)

**ETH: approximately $2,407** in the latest CoinGlass spot market reading.

Ethereum remains sensitive to Bitcoin's price movements. The $2,390–$2,400 area is an important zone to monitor, while a recovery toward $2,460–$2,490 could improve the short-term price structure.

ETH open interest remains elevated at approximately $30.8 billion. At this level of derivatives exposure, even a relatively modest price move could increase volatility and trigger another wave of liquidations.

However, high open interest should not be interpreted as evidence of a clear bullish or bearish bias. Market direction needs to be assessed alongside price action, funding rates, changes in open interest, and spot trading volume.

## What to Watch in the Coming Hours

- **BTC:** Whether $80,000 holds or breaks, and whether price can reclaim the $82,000–$83,000 range.
- **ETH:** Whether the $2,390–$2,400 area holds and how price reacts around $2,460–$2,490.
- **CoinGlass:** Changes in open interest, funding rates, and liquidation activity.
- **CryptoQuant:** BTC and ETH netflows and changes in exchange reserves.
- **Spot market:** Whether a potential rebound is supported by genuine spot demand or driven primarily by futures positioning.

The price zones outlined above are areas to monitor, not guaranteed support or resistance levels.

## Market Outlook

Following the sharp sell-off, the market is attempting to stabilize. If BTC and ETH hold their respective levels and spot volume and capital flows begin to support the recovery, the short-term outlook could improve.

However, if prices weaken again while derivatives activity remains elevated, the risk of another period of heightened volatility will remain significant.

The key question is whether the current stabilization develops into a sustained recovery or proves to be only a temporary pause in the broader market correction.

*NFA — Educational content only. This is not financial or investment advice.*

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*This article is for educational purposes only and is not investment, legal or tax advice. Investing in cryptocurrencies carries a high risk of losing your capital.*