Locafy's 15min chart triggers KDJ Death Cross, bearish Marubozu formation observed.
ByAinvest
Tuesday, Oct 21, 2025 11:47 am ET1min read
LCFY--
The United States Department of Justice (DOJ) has recently seized $15 billion in Bitcoin (BTC) from a "pig butchering" network, marking one of the largest seizures in US history. Federal prosecutors unsealed an indictment charging Chen Zhi, a Chinese national, with money laundering and wire fraud conspiracies [1]. This action highlights the growing concern over the "pig butchering" scam, which has cost Americans millions. The Treasury Department also sanctioned several affiliates of the Prince Group and designated them as criminal organizations.
Despite the recent market turbulence, there is optimism among analysts who believe that Bitcoin could see another slump before returning to all-time highs. Veteran trader Peter Brandt suggests that Bitcoin could reclaim previous levels, even its all-time high, after another major correction [1].
Institutional interest in Bitcoin continues to grow, with public companies holding Bitcoin rising by 38% between July and September. According to Bitwise's Q3 Corporate Bitcoin Adoption report, 172 companies now hold Bitcoin, including 48 that entered the digital asset space only this quarter. The total value of holdings by these treasury companies has risen to $117 billion, up 28% quarter-over-quarter [1].
US spot Bitcoin and Ethereum ETFs registered inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted at more rate cuts before the end of the year. Spot Bitcoin ETFs registered $102 million in net inflows, recovering from an outflow of $326 million the day prior [1].
The recent developments underscore the volatile nature of the cryptocurrency market. While the price has been struggling, institutional interest and regulatory actions indicate a growing acceptance of Bitcoin as a mainstream asset class.
BTC--
ETH--
Based on Locafy's 15-minute chart, a KDJ Death Cross and Bearish Marubozu pattern emerged at 10:45 AM on October 21, 2025. This suggests a shift in the stock price momentum towards the downside, with a potential for further decreases. The sellers have taken control of the market, and the bearish momentum is likely to persist.
Bitcoin (BTC) has been experiencing a challenging period, with the price struggling to regain momentum and trading around $111,660. The ongoing session has seen the flagship cryptocurrency drop by over 1% as investor sentiment remains rattled by worsening US-China trade ties [1].The United States Department of Justice (DOJ) has recently seized $15 billion in Bitcoin (BTC) from a "pig butchering" network, marking one of the largest seizures in US history. Federal prosecutors unsealed an indictment charging Chen Zhi, a Chinese national, with money laundering and wire fraud conspiracies [1]. This action highlights the growing concern over the "pig butchering" scam, which has cost Americans millions. The Treasury Department also sanctioned several affiliates of the Prince Group and designated them as criminal organizations.
Despite the recent market turbulence, there is optimism among analysts who believe that Bitcoin could see another slump before returning to all-time highs. Veteran trader Peter Brandt suggests that Bitcoin could reclaim previous levels, even its all-time high, after another major correction [1].
Institutional interest in Bitcoin continues to grow, with public companies holding Bitcoin rising by 38% between July and September. According to Bitwise's Q3 Corporate Bitcoin Adoption report, 172 companies now hold Bitcoin, including 48 that entered the digital asset space only this quarter. The total value of holdings by these treasury companies has risen to $117 billion, up 28% quarter-over-quarter [1].
US spot Bitcoin and Ethereum ETFs registered inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted at more rate cuts before the end of the year. Spot Bitcoin ETFs registered $102 million in net inflows, recovering from an outflow of $326 million the day prior [1].
The recent developments underscore the volatile nature of the cryptocurrency market. While the price has been struggling, institutional interest and regulatory actions indicate a growing acceptance of Bitcoin as a mainstream asset class.
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