The cryptocurrency market’s brutal October slump has worsened, with a fresh 3% drop sending Bitcoin below the key $110,000 level and dragging most major altcoins deep into the red. Futures open interest has also been decimated, with $65 billion wiped out, resetting market activity to the levels of early 2025. What to watch next as the market hangs in the balanceTechnically, the market is now at a critical inflection point. Bitcoin is facing a thick layer of resistance between $112,000 and $115,500, with key support levels now sitting at $108,000 and $105,000. For now, a battered and bruised crypto market is left to lick its wounds and wait for the storm to pass.