Key TakeawaysBitcoin (BTC) surged above $111,000, rising 3.7% in 24 hours, leading a broader crypto rebound.XRP, SOL, ETH, BNB, and DOGE climbed between 3–5% as global risk sentiment improved.Japan’s Nikkei 225 hit a record high as fiscal dove Sanae Takaichi looked set to become Japan’s next Prime Minister.China’s Q3 GDP beat forecasts at 4.8%, while the U.S. dollar index slipped to 98.40, favoring crypto and equities.On-chain data shows Bitcoin’s RVT ratio dropping — a signal that historically precedes major bull phases.BTC Rebounds Above $111K as On-Chain Indicators Turn BullishBitcoin rallied above $111,000 on Monday, recovering sharply from last week’s lows near $103,600, according to CoinDesk data. The move coincided with gains across major altcoins including Ethereum (ETH $4,047), Solana (SOL $193), XRP ($2.47), BNB ($1,127), and Dogecoin (DOGE $0.20).The CoinDesk 20 Index advanced 3.6% to 3,685 points, extending a two-day recovery.According to crypto analytics platform Alphractal, Bitcoin’s RVT ratio — which measures network value relative to transaction volume — dropped sharply, suggesting renewed accumulation.“Historically, strong declines in the RVT ratio have preceded major bull phases, as they indicate Bitcoin is being used, accumulated, and transferred — not just held,” Alphractal noted.Over the weekend, Michael Saylor, executive chairman of Strategy, the world’s largest public Bitcoin holder, hinted at new BTC purchases, further fueling optimism.Global Markets Signal Risk-On SentimentThe rally in digital assets followed a wave of positive macro signals. Japan’s Nikkei 225 index surged past 49,000 for the first time ever, driven by expectations that Sanae Takaichi, a fiscal dove known for her support of Abenomics, will become Japan’s next Prime Minister.Takaichi’s stance on low interest rates and expansionary fiscal policy has been interpreted as bullish for risk assets.Meanwhile, China’s GDP grew 4.8% year-on-year in Q3, beating expectations of 4.7% and pushing local stocks up nearly 0.9%. The data confirmed China is on track to meet its 5% annual growth target.Falling Dollar Index Boosts CryptoThe U.S. Dollar Index (DXY) slipped to 98.40, extending its decline as global risk appetite improved. The weakening dollar typically benefits dollar-denominated assets like Bitcoin and gold.However, gold prices remained flat around $4,250, signaling potential exhaustion in its uptrend — a pattern that has historically preceded renewed strength in BTC.
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