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Bitcoin Holds at $106K as U.S. Expands Reserves and Traders Eye Key Levels

The U.S. government’s Bitcoin holdings jumped 64% overnight as BTC traded near $106,000. Analysts see critical price zones ahead while Ethereum eyes $4,500 recovery.

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Joe G & Money Talks
October 19, 2025 • Estimated Reading Time: 4 minutes

What we will talk about today...

Bitcoin Faces $106K–$108K Test

U.S. Bitcoin Reserves Jump 64% Overnight

XRP Wallets Hit Record High

Ethereum Eyes $4,500 in October

Altcoins Lag as Market Cap Drops to $3.7T

Bitcoin Faces $106K–$108K Test

Bitcoin trades between two high-risk levels, attracting over $150 million in leveraged positions.

  • Price magnet: $106,000–$108,000 shows dense liquidation zones.

  • RSI signal: Bitcoin’s RSI at 36 marks oversold levels.

  • Support zone: $106,000 defines short-term structure, with possible slide toward $103,000.

“The next big move will sweep through $106K or $108K,” said a CoinGlass analyst.

U.S. Bitcoin Reserves Jump 64% Overnight

The Department of Justice seized 127,271 BTC, lifting national holdings sharply.

  • Seizure event: DOJ action against Prince Group raised U.S. reserves by 64%.

  • Market effect: Bitcoin trades at $106,232 after $1.23B ETF outflows.

  • Symbolism: Government adds exposure while retail panic continues.

“When retail sells in fear, institutions accumulate,” noted Galaxy Research.

XRP Wallets Hit Record High

XRP wallets with more than 10,000 tokens reached an all-time high.

  • Record growth: 317,500 addresses now hold large XRP amounts.

  • Market position: XRP trades near $2.30, with support at $2.20 and resistance at $2.65.

  • Valuation: MVRV ratio of -15.3% signals deep undervaluation.

“Large holders are quietly buying even as sentiment stays weak,” said Santiment analysts.

Ethereum Eyes $4,500 in October

ETH shows recovery signs backed by technical and on-chain strength.

  • Pattern: Bull flag points to a move toward $4,500.

  • Support: 200-day EMA at $3,550 continues to hold.

  • MVRV: Historical data supports upside toward $5,000.

“ETH is still in a healthy correction, not a breakdown,” said analyst FOUR.

Coinbase Hacker Makes Only $33

A brief social media hack led to a failed scam attempt.

  • Incident: Coinbase’s X account posted a fake presale for a $COINBASE token.

  • Losses: Attackers collected only $33 before exposure.

  • Impact: Highlights continued social engineering risks.

“The damage was small, but the trust issue remains,” said a security researcher at Arkham.

Altcoins Lag as Market Cap Drops to $3.7T

Bitcoin’s slide drags broader crypto lower.

  • Total value: Market cap falls by $500B in one week.

  • Leaders: ETH, SOL, TRX show mild gains.

  • Losers: BNB and BCH down 8–12% weekly.

“Volatility is back, and leveraged traders are paying the price,” said QuantifyCrypto analysts.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results