Crypto Markets Surge as Bitcoin Breaks $115K, Whales Absorb Supply

Crypto Markets Surge as Bitcoin Breaks $115K, Whales Absorb Supply
On 27 October, the cryptocurrency market saw a sharp upswing: Bitcoin climbed above $115,000, while Ethereum rallied to around $4,190. According to on-chain data, large holders (whales) absorbed significant supply and short positions were rebalanced, suggesting a shift toward accumulation. The driver? Market participants are increasingly confident that the Federal Reserve will cut interest rates soon, reducing the opportunity cost of holding risk assets like crypto.