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Bitcoin recovery shows mixed signals with rising exchange reserves but weak spot demand ahead of US midterms

Market News
18 Oct 2026
Blockonomi
View Source
Neutral
Bitcoin recovery shows mixed signals with rising exchange reserves but weak spot demand ahead of US midterms

Bitcoin's recovery remains uneven as exchange reserves slightly increase from 2.67M to 2.68M BTC, yet spot demand weakens, nearing zero and turning negative. While holders of 100-1,000 BTC continue accumulating, the largest holders above 10,000 BTC remain net sellers. Positive perpetual futures demand supports overall demand, but a durable recovery requires stronger spot buying and broader accumulation across holder groups. The market awaits whether buying interest will grow sustainably amid US midterm elections and monetary policy expectations.

Bitcoin's exchange reserves slightly increased from 2.67M to 2.68M BTC, providing context for its uneven recovery. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Oct 18, 2026 22:21 WIB: out of 50 major cryptocurrencies, 4 rose and 44 fell today. Notable movers include BAL (Balancer) with a 1-day change of +11.14% at Rp16.297, EOS (EOS.IO) up 8.13% at Rp12.649, and FIL (Filecoin) down 7.11% at Rp18.436 with a strong buy order activity of 83%.

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