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Bitcoin’s next chapter is unfolding, and Beyond is constructing a bridge that links BTC’s unmatched security and store-of-value status with the dynamic utility of modern blockchain ecosystems. This is a redefinition of BTC’s role in the global financial architecture, opening pathways for integration that could finally merge the worlds of traditional finance and decentralized networks. Why Interoperability Is The Key To Bitcoin’s Next Phase The crypto world has grappled with a fundamental paradox, and Beyond is building the bridge that Bitcoin has been waiting for. The Founder of DrAlphaweb3 and ordinalcarrots, Dr.OVG, has highlighted that BTC will remain the leading store of value, but in many decentralized finance (DeFi) setups, it is either locked out or wrapped. Related Reading: Bitcoin (BTC) Holds $100K as Investors Move Toward This New DeFi Crypto Project By enabling BTC liquidity to move natively across chains, like layer 1s, layer 2s, and various DeFi protocols, Beyond is set to unleash BTCFi. Specifically, the initiative will enable BTC holders to lend, borrow, earn yield, and deploy their BTC without sacrificing decentralisation and security. This innovation is critical because it will unlock BTC utility as it grows to transition into an active player in the global DeFi economy. Dr.OVG concluded that traders might see some crazy runners, so individuals should position themselves accordingly.  A project and protocol writer, Mattcrypted, has also mentioned that BTCFi thrives with seamless UX powered by LayerZero’s Omni-chain Fungible Token (OFT) technology. Meanwhile, Beyond bridges connections with Echoport Ordinals to 140+ chains and 200+ partners for users to move BTC and LSTs effortlessly. With Beyond mainnet set to go live in Q4, the network will support the meta protocol, sidechain wrappers, and L2 integrations. In this innovation, the dual sale structure behind the upcoming project is also designed to deliver bear market-proof valuation for token sales. The combination of a token launchpad and Ordinals participation will ensure wide accessibility during the token sales. On the technical front, EVMs would seamlessly operate as a trusted protocol backed by Animoca Brands and vVv, which is bullish, and Beyond would pioneer BTC connections across the ecosystem. Why Bitcoin Next Chapter Demands Interoperability Bitcoin is not meant to stay siloed. According to a Web3 builder, Jaouad, Beyond is a native BTC L1 interoperability layer that enables seamless movement of any token within Bitcoin while linking the flagship crypto, BRC-20s, Runes, and more to over 100 chains. Related Reading: Big Bitcoin Holders Are Selling, But Few Buyers Are Stepping In As Demand Weakens Jaouad stated that as a Wallchain Quaker, he’s actively grinding on the Beyond Mindshare Leaderboard, as 4% of the total BYD supply is dedicated to contributors, with 2% reserved for Epoch 1, which will wrap up on December 8. “If you are serious about BTCFi, this is the bridge you cannot ignore,” Jaouad noted. Featured image from Pixabay, chart from Tradingview.com

Bitcoin has regained footing after a turbulent week of selling pressure, reclaiming crucial support levels and signaling early signs of recovery. Bulls are cautiously stepping back in, though conviction remains limited as the $110K resistance — a key psychological and technical barrier — has yet to be tested. Related Reading: Anti-CZ Whale Flips Bullish On Ethereum: Now Up $15M On A $119.6M Long Position According to CryptoQuant data, underlying market dynamics suggest that a continuation of current momentum could fuel a potential surge toward $115K. The rebound follows a period of heightened liquidations and bearish sentiment that briefly pushed Bitcoin below $100K, triggering panic among short-term traders. On-chain metrics now show improving stability across several fronts. Spot exchange outflows have increased, suggesting that investors are once again moving BTC into self-custody, a sign of renewed holding behavior. At the same time, derivatives market data indicates cooling open interest and reduced leverage — conditions that historically precede healthier, more sustainable uptrends. Short-Term Holder MVRV Suggests Potential for Bitcoin Recovery Top analyst Axel Adler highlights that Bitcoin’s Short-Term Holder (STH) MVRV ratio has shown early signs of recovery following last week’s sharp correction. On November 7, the metric reached a local low of 0.9124, nearing the lower boundary of its historical range — a zone that has often aligned with short-term market bottoms. As of today, the STH MVRV has climbed to 0.9514, signaling that selling pressure among short-term holders may be easing. This stabilization suggests a potential shift from capitulation to recovery, as traders who bought at higher levels begin to reduce loss-taking behavior. Historically, when the STH MVRV holds above 0.92 and begins trending upward, it often precedes a renewed bullish impulse. Adler notes that if this pattern continues, the metric could rise toward the upper boundary of its range, typically associated with price levels between $115K and $120K. This trend aligns with Bitcoin’s recent technical rebound and improving on-chain sentiment. While further confirmation is needed, maintaining the MVRV above this critical threshold could indicate that the market has absorbed much of the short-term selling pressure — laying the groundwork for a potential recovery phase in the weeks ahead. Related Reading: Ethereum Trading Volume On Binance Surpasses $6 Trillion: A Speculative Frenzy Unfolds Reclaiming Ground After Sharp Correction Bitcoin is showing early signs of recovery after a volatile drop below $100K, reclaiming key technical levels and stabilizing near $105,000. The daily chart shows a short-term bullish reaction following the bounce from the 200-day moving average (red line) — a critical dynamic support level that has repeatedly marked the bottom of corrective phases throughout this cycle. However, the broader trend remains cautious. The 50-day (blue) and 100-day (green) moving averages are above the current price, and both are flattening, signaling that momentum remains weak. A decisive breakout above the $108K–$110K resistance zone is needed to confirm a potential trend reversal and shift sentiment. Related Reading: SharpLink Gaming Wallet Moves Freshly Redeemed Ethereum to OKX – Details If Bitcoin maintains support above $103K and consolidates with rising volume, the next target could align with the $115K region — in line with on-chain signals pointing to a recovery. Conversely, a breakdown below $100K could reopen downside risk toward $95K. Featured image from ChatGPT, chart from TradingView.com

A leading market expert recently hinted at an impending bottom for Bitcoin (BTC), suggesting that within the next 328 days, the cryptocurrency could reach a price range between $38,000 and $50,000.  Bitcoin Price Bottom In October 2026 Although Bitcoin’s performance this year has lagged behind US stock markets and gold, it has still managed to achieve notable highs, currently trading nearly 20% below its record peak of $126,000 reached earlier in October.  Related Reading: Crypto Treasuries Shift Focus From Bitcoin And Ether To These Lesser-Known Altcoins However, the current market landscape is marked by considerable uncertainty among investors, with fear and selling pressure leading Bitcoin to consolidate just above the $100,000 mark. In a recent social media post on X (formerly Twitter), analyst Ali Martinez expressed confidence in his forecast, anticipating that a bottom may occur around October 2026, implying a potential drop of 51% toward the $50,000 level and approximately 63% down to $38,000 in the most pessimistic scenario. BTC May Have Reached Cycle Top Martinez has observed historical patterns throughout various market cycles. He pointed out that in both the 2015–2017 and 2018–2021 cycles, there were exactly 1,064 days between the bear market bottom and the bull market peak.  Related Reading: Bitcoin Price Analysis: Pre-Rally Signals Point To $180,000 Target In Q1 2026 Notably, the current cycle, which began from the November 2022 bottom and led to the recent all-time high of $126,220, is now approaching 1,082 days. This recurring timing structure suggests that Bitcoin may have already reached its cycle top. While Martinez’s assertions do not guarantee an outcome, he stated that these historical patterns reinforce his forecast, while suggesting that the market is entering the “early stages of a post-peak retracement phase.” At the time of writing, the market’s leading cryptocurrency trades at $103,320, recording losses of 3% in the past 24 hours, according to CoinGecko data.  Featured image from DALL-E, chart from TradingView.com 

As investors navigate a landscape marked by heightened uncertainty, the Bitcoin price is currently trading nearly 20% below its all-time highs. However, a group of analysts has drawn parallels between the present performance and the significant rally observed in 2023. Positive Signals For The Bitcoin Price In a recent update shared on the social media platform X (formerly Twitter), analysts from The Bull Theory highlighted that the Bitcoin price has once again closed a weekly candle above the 50-day Exponential Moving Average (EMA), a critical indicator that has historically supported every major uptrend over the past two and a half years.  Related Reading: Dogecoin Price Set For 1,200% Rally To $2.2 In This 3rd Run This EMA level has been tested multiple times, notably in August 2024 and April 2025, where Bitcoin dipped below it briefly before reclaiming the position and entering a new upward trajectory. Currently, a similar pattern appears to be forming. The analysts pointed out that Bitcoin has maintained its position within a multi-year support zone on the Relative Strength Index (RSI).  Although momentum has cooled, there are no signs of an impending breakdown, the analysts asserted. In previous instances where the RSI reached this level during the current cycle, it signaled the conclusion of a corrective phase and the onset of expansion. Additionally, the Moving Average Convergence Divergence (MACD) indicator is resetting near its historical reversal zone, a zone that has previously triggered rallies in early 2023, late 2024, and again in the second quarter of 2025. This suggests a potential exhaustion of selling pressure rather than the beginning of a new downtrend. Strong Potential For Future Gains From a structural standpoint, the recent corrective move appears complete. Bitcoin has retraced nearly 20% from its peak of $126,000, aligning perfectly with the average correction size observed in each impulsive wave since the cycle began.  When considering the signals from the reclaimed EMA, the RSI support, and the MACD reversal zone, the current structure mirrors setups that preceded major breakouts since 2023. This analysis implies that the market is not on the verge of a breakdown but rather undergoing a necessary reset. Related Reading: Trump Media Takes $55M Hit As Bitcoin Holdings Surge In Value While it is possible that Bitcoin may experience a few weeks of sideways consolidation as it stabilizes above the EMA, similar to the behavior seen after the April 2025 correction, this range could set the stage for the next expansion phase. Looking ahead, the analysts suggest that this could signify the fifth wave of the current market structure, with potential price targets ranging between $160,000 and $180,000 by the first quarter of 2026. Technically, all indicators currently favor continuation rather than collapse. When writing, the Bitcoin price was trading at $106,520, recording a nearly 2% recovery in the 24-hour time frame, according to CoinGecko data.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin price is attempting to recover above $105,500. BTC could continue to move up if it clears the $107,000 resistance zone. Bitcoin started a decent recovery wave above the $105,000 support. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $104,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $107,000 zone. Bitcoin Price Faces Key Resistance Bitcoin price managed to stay above the $102,000 support level and started a recovery wave. BTC recovered above the $103,500 and $104,200 resistance levels. The pair even climbed above $105,500. Finally, it tested the $107,500 resistance zone. A high was formed at $107,400 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $99,222 swing low to the $107,400 high. Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. If the bulls attempt another recovery wave, the price could face resistance near the $106,600 level. The first key resistance is near the $107,000 level. The next resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance. Any more gains might send the price toward the $109,200 level. The next barrier for the bulls could be $109,800 and $110,500. Another Decline In BTC? If Bitcoin fails to rise above the $107,000 resistance zone, it could start another decline. Immediate support is near the $104,800 level. The first major support is near the $104,000 level and the trend line. The next support is now near the $103,300 zone or the 50% Fib retracement level of the upward move from the $99,222 swing low to the $107,400 high. Any more losses might send the price toward the $102,350 support in the near term. The main support sits at $102,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,850, followed by $104,000. Major Resistance Levels – $106,500 and $107,000.

The Bitcoin price, which had been climbing steadily toward new all-time highs, suddenly plunged on October 10, dragging the Ethereum price and the rest of the market with it. According to the latest Binance Research monthly market insights, the crash wasn’t due to weak crypto fundamentals or a loss of investor interest, but to an abrupt flush-out of excessive risky positions following geopolitical shocks and macroeconomic uncertainty. Why The Bitcoin And Ethereum Prices Collapsed Binance Research reports that the October 10 crash occurred as traders sold more than $19 billion in high-risk positions, marking one of the most significant single-day sell-offs in recent crypto history. The drop began soon after US President Trump announced new tariffs on China, which raised trade tensions and sent risk markets into a tailspin. Related Reading: Here’s Why JPMorgan Analysts Are Still Bullish On The Bitcoin Price After Crashing Below $100,000 Bitcoin’s intraday price swings spiked to levels rarely seen, with a Z-score of 3.08, meaning such extreme moves statistically occur only once every 1,000 days.  Binance Research notes that the sudden sell-off of high-risk positions pushed Bitcoin down around 4%, while Ethereum fell 8.6%, marking the market’s first negative October since 2018. The macro environment intensified the sell-off. A US government shutdown and a Federal Reserve rate cut in early October, when the Fed trimmed interest rates by 25 basis points but signaled a possible pause for further cuts, had already shaken investor confidence.  With economic data flow disrupted and rate policy uncertain, traders sought safety and closed risky positions. Binance notes that overall crypto market capitalization fell 6.1%, indicating a coordinated pullback from high-risk exposure. Will History Repeat Itself Again? Despite the sharp drop, the market recovered quickly. According to Binance Research, total borrowed and high-risk positions, which briefly fell below 5%, rebounded to 5.77% by October 31, marking a 10% recovery and suggesting that traders remain confident in taking risks. Related Reading: New XRP ETF Just Dropped, But Will Anything Be Different This Time? Bitcoin’s market share rose to 59.4%, indicating that investors rotated toward safer options during the market turbulence. Meanwhile, Ethereum continued to attract institutional buyers, with treasury holdings reaching 5% of total ETH supply, demonstrating sustained confidence in its ability to generate returns. Binance’s BVoL index, which tracks expected price swings in crypto options, peaked at 52, far below the year’s high of 88 in March, indicating that investors did not expect a prolonged crash in Bitcoin and Ethereum prices. The analysis highlights that the October 10 crash acted as a reset of risky positions rather than a price trend reversal. The rebound in Bitcoin and Ethereum prices highlights the market’s resilience; however, the return of high-risk positions means another sharp correction could occur if new macroeconomic shocks arise, leaving prices vulnerable to sudden swings. Featured image from Dall.E, chart from TradingView.com

Bitcoin’s price struggled to regain momentum last week, hovering just above the $100,000 threshold after a turbulent start to November. The entire market sentiment is somewhat fragile following heavy selling pressure from large holders, and on-chain data points to major whale movements that may be adding to the downtrend. High-profile entities, including the Winklevoss Twins’ Gemini Custody wallets and early Bitcoin miner Owen Gunden, have surfaced as key players in this wave of transactions that could be influencing Bitcoin’s recent price action. Winklevoss Twins Move Millions In BTC From Gemini Custody According to blockchain data, wallets linked to Winklevoss Capital and Gemini Custody have been consistently transferring large amounts of Bitcoin over the past several months in an ongoing deliberate adjustment of their holdings.  These movements have occurred in several phases, often involving sizeable transactions that appear timed. The latest transaction stands out, showing 250 BTC, worth approximately $25.45 million at current prices, moved to a Gemini hot wallet just hours ago.  Related Reading: New XRP ETF Just Dropped, But Will Anything Be Different This Time? If these transfers correspond to sales, it would mean that the twins have been methodically unloading their Bitcoin positions over time rather than engaging in sudden bulk liquidations. Cumulatively, they have now effectively liquidated over 9,000 BTC, equivalent to around $900 million, since the start of 2025. This has caused their holdings to fall from roughly 24,000 BTC earlier in the year to under 16,000 BTC right now. Bitcoin OG Owen Gunden Moves Final Holdings Toward Exchanges Another major wallet attracting attention belongs to Owen Gunden, an early Bitcoin miner and Genesis creditor. Data from on-chain analytics platform Lookonchain reveals that Gunden recently initiated large transfers totaling 3,549 BTC (around $361.8 million) in a single transaction just eight hours ago. Related Reading: Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow? The move follows earlier transactions this week, including 3,601 BTC ($372.1 million) sent one day prior. Notably, approximately 600 BTC from these transfers, worth over $61 million, have already been deposited on Kraken, signaling possible liquidation.  These movements have reduced Gunden’s total holdings from around 11,000 BTC to nearly zero. Such large transfers to exchange-linked wallets often precede sell orders, contributing to short-term selling pressure. The Gunden transfers, alongside similar large movements like those from the Winklevoss twins, are among several whale sell events recorded in November that have added to Bitcoin’s persistent selling pressure. This trend is apparent in the broader institutional market, where US-based Spot Bitcoin ETFs have also seen sustained outflows. Data shows that Friday of last week closed with $558.44 million leaving these funds. The combined effect of these whale movements presents a concerning outlook for Bitcoin’s short-term trend. However, this weekend has been highlighted by another green weekend for Bitcoin.  At the time of writing, Bitcoin is trading at $106,270, up by 4.4% in the past 24 hours. This follows a string of green weekends over the past four weeks, which were immediately reversed on the following monday. Featured image from Dall.E, chart from TradingView.com

Bitcoin price is attempting to recover above $103,500. BTC could continue to move up if it clears the $106,500 resistance zone. Bitcoin started a decent recovery wave above the $103,500 support. The price is trading above $104,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $102,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $106,500 zone. Bitcoin Price Recovers 3% Bitcoin price managed to stay above the $101,000 support level and started a recovery wave. BTC recovered above the $102,500 and $103,500 resistance levels. There was a break above a key bearish trend line with resistance at $102,000 on the hourly chart of the BTC/USD pair. The pair even climbed above $105,000. Finally, it tested the $106,500 resistance zone. A high was formed at $106,593 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $99,222 swing low to the $106,593 high. Bitcoin is now trading above $104,000 and the 100 hourly Simple moving average. If the bulls attempt another recovery wave, the price could face resistance near the $106,000 level. The first key resistance is near the $106,500 level. The next resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance. Any more gains might send the price toward the $109,200 level. The next barrier for the bulls could be $109,800 and $110,500. Another Decline In BTC? If Bitcoin fails to rise above the $106,500 resistance zone, it could start another decline. Immediate support is near the $104,850 level. The first major support is near the $104,200 level. The next support is now near the $103,500 zone. Any more losses might send the price toward the $102,900 support in the near term. The main support sits at $102,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,850, followed by $104,200. Major Resistance Levels – $106,000 and $106,500.

After a disappointing performance during the week, the price of Bitcoin has continued its sluggish action over the weekend. According to data from CoinGecko, the premier cryptocurrency has been hovering around the $102,000 level over the past 24 hours. While this current choppy price action seems like an improvement from the severe downturn witnessed in recent days, it doesn’t particularly bring calm to the world’s largest cryptocurrency. Interestingly, the latest on-chain data suggests that the Bitcoin price might still be at risk of further correction in the coming days. Why BTC Price Might Find Bottom Around $95,000 In a November 8 post on the social media platform X, on-chain analyst Burak Kesmeci predicted the local bottom for the price of Bitcoin. According to the crypto pundit, the flagship cryptocurrency could fall to as low as $95,000 before seeing relief and perhaps rebounding to new price highs. Related Reading: Ethereum Price Surge To $5,500: What To Watch Out For To Mark The Bottom The relevant metric here is the Realized Price of Unspent Transaction Output (UTXO) age bands, which evaluate the holding pattern of different investor classes through their different realized prices. The UTXO age bands metric tracks the average price at which Bitcoin holders purchased their coins compared to how long they’ve held the assets. The age bands under focus in Kesmeci’s analysis are the 1-week to 1-month group (green line) and the 1-month to 3-month cohort (purple line), which offer insight into short-term holders’ behavior and overall market sentiment. According to the on-chain analyst, the green line has crossed below the purple line three times in 2025. Kesmeci noted that this cross often preceded short-term corrections, including the ones seen on February 24 ($99,000 to $76,000) and September 8 ($117,000 to $109,000). Similarly, this cross occurred on November 1, with the Bitcoin price falling from $110,000 to $99,000. Furthermore, the average dip suffered by the Bitcoin price on these three occasions stands at around 13.3%, with a 45-day consolidation period. Based on this historical pattern, Kesmeci expects the Bitcoin price bottom to form around the $95,000 and $96,000 region after the most recent crossing of the 1-week to 1-month band below the 1-month to 3-month band. Kesmeci concluded: In short, long-term investors are in the red, and this is an undesirable situation for a bull cycle. However, if history repeats itself, Bitcoin may “catch its breath” once more in this region and prepare the ground for a new rise. Bitcoin Price At A Glance As of this writing, the price of BTC stands around $102,440, reflecting a nearly 1% decline in the past day. Related Reading: Bitcoin May Launch Recovery To $120,000 If This Condition Holds – Details Featured image from iStock, chart from TradingView

The price of Bitcoin has struggled so far in the month of November, briefly falling below the psychological $100,000 level twice already. Although the flagship cryptocurrency appears to be in a state of calm this weekend, a recent on-chain evaluation shows the possibility of more price corrections in the short term. Bitcoin Risk-Adjusted Returns See Growing Downturn In a Quicktake post on the CryptoQuant platform, data analytics platform Arab Chain revealed that there seems to be a growing amount of risks for Bitcoin market participants on Binance. This on-chain observation revolves around the Bitcoin Sharpe Signal metric on Binance, which tracks the efficiency of the returns relative to the risks taken by investors on the world’s largest crypto exchange. Related Reading: Is The Bitcoin Price Bottom In? Latest On-Chain Data Suggests So For context, a high or positive reading from this metric indicates that investors are getting good rewards for the risks they take on. Contrarily, a low or negative reading suggests the predominance of volatility over returns — a typical sign of waning investor confidence.  According to Arab Chain, the Sharpe Signal has recently fallen to a negative value of about -0.277. What’s interesting is, this occurred around the same period when Bitcoin saw a decline to the $101,747 level. This indicates what the analyst described as “a clear decline in the quality of risk-adjusted returns on Binance.” Prior to this decline in the Sharpe Signal, the Binance network had consistently seen values above 0.2 — a period of “reward-over-risk” between July and September. It is worth mentioning that this period also coincided with a run of relatively positive momentum for the Bitcoin price. Outlook For Bitcoin Price Regardless of the weakening Sharpe Signal, Arab Chain explained that a full-scale capitulation is not necessarily what is in play. At the moment, there appears still to be a relatively stable amount of trading volume. This means the current decline is not directly being driven by liquidations or impulsive sales. Instead, it suggests less involvement of institutional investors. As a result, the market may just be experiencing a temporary correction or “cooldown” phase, as is expected after major price rallies.  In a case where risk remains relatively higher than the rewards (more negative or sustained negative Sharpe Signal readings), the Bitcoin price could see more correctional movement, especially in the short term. However, the Bitcoin market could quickly see a local price bottom formation if the Bitcoin Sharpe Signal on Binance ascends into the positive region. As of this writing, Bitcoin is valued at approximately $101,750, reflecting no significant price change in the past 24 hours. Related Reading: Cathie Wood Trims Her 2030 Bitcoin Price Prediction To $1.2 Million – Here’s Why Featured image from iStock, chart from TradingView

The Bitcoin market has suffered through a disappointing performance over the past few weeks, leading to a price retest of the $100,000 support zone. However, an exciting on-chain evaluation predicts a positive price action in the near future. Related Reading: Bitcoin May Launch Recovery To $120,000 If This Condition Holds – Details Bitcoin Price Below Average Cost — Details On November 8, popular market analyst Burak Kesmeci shared on X the underlying reasons behind his expectations of a bullish reversal. Kesmeci’s post mostly depends on the Bitcoin: 90-Day Market Price vs Realized Price Gradient Oscillator. Essentially, this indicator functions as a means of tracking the distance of Bitcoin’s market price deviation from its realized price over the past 90 days. A positive reading from the metric indicates a faster rising market price of Bitcoin, compared to its average cost basis (realized price), thereby showing growing bullish momentum. A negative reading, on the other hand, connotes a significant decline of market price beneath realized price, a sign of bearish momentum, which could extend into a ‘cooling’ phase.   In the post on X, Kesmeci reveals that the metric’s reading has fallen to a value of -1.27 STDV (Standard Deviations). As previously explained, this indicates that the Bitcoin price has greatly fallen beneath its historical cost basis, a development that could point out that the flagship cryptocurrency’s price momentum has reached a state of ‘extreme cooldown.’ Expressed more simply, Bitcoin investors are paying much less than the amount its recent buyers did on average to acquire Bitcoin. If more investors were to purchase Bitcoin around its current price, there could be a total or significant absorption of what already appears to be exhausted bearish pressure. Notably, Kemesci also referenced past occurrences to buttress his prediction of an imminent price rebound. According to the analyst, periods where this metric fell below -1 STDV have often preceded the ends of downtrends and the beginnings of price expansions. We see this occurrence twice in recent months: first, in April, where Bitcoin saw a rise from about $82,000 to $100,000; and second, where the price saw a growth from $108,000 in July to reach $124,000. Thus, if historical data is reliable, the Bitcoin price could soon put in a new price bottom, after which significant movement to the upside would likely follow. Related Reading: Bitcoin Valuation Reset: MVRV Slides Into Macro Correction Territory — What This Means Bitcoin Price Overview  As of this writing, Bitcoin stands at a valuation of approximately $102,023, reflecting a slight loss of about 0.94% since the last day.  Featured image from Flickr, chart from Tradingview

Bitcoin (BTC) recently bounced from the $100,000 level, sparking hopes of a bullish reversal. However, traders remain cautious, as this rebound could also be a temporary bull trap. With key resistance looming around $105,000–$106,000, the market’s next move will be critical in determining whether BTC can sustain an upward trend or resume its downtrend. A Possible Bullish Reversal After Reclaiming $102,000 According to Lennaert Snyder, Bitcoin is showing early signs of a potential bullish reversal. In the post on X, Snyder highlighted that BTC bounced from the recent lows and reclaimed the $102,000 level, signaling renewed buying interest. This recovery comes after a period of weakness, suggesting that the market may be attempting to stabilize before the next major move. Related Reading: Why The Bitcoin Price Crash Is Important If Wave 5 Corrects To $94,000 Snyder emphasized the importance of maintaining this momentum and establishing a higher low around $101,400, which would push the bullish scenario into a more sustained rally. Conversely, a failure to maintain support here could indicate lingering bearish pressure, so this level is critical for gauging market sentiment. In the meantime, the expert is closely monitoring lower time frame charts for potential scalp-long opportunities if a reversal occurs near $101,400. This tactical approach allows active traders to capitalize on short-term swings while waiting for confirmation of a broader bullish trend.  Key resistance remains at $104,700, which will be a decisive level for determining the next leg of the move. A successful breakout above this resistance could open the path toward $107,500, signaling that bulls are regaining control. However, given that it’s the weekend, Snyder cautioned that traders should be prepared for sudden swings or false breakouts as liquidity tends to be lower during this period. Bitcoin Reclaims Momentum, But $105,000–$106,000 Holds The Key In his latest update, market expert and investor Ted Pillows noted that Bitcoin briefly dropped below the $100,000 mark before bouncing back. The short-lived dip highlights ongoing uncertainty and the tug-of-war between buyers and sellers at key psychological levels. Related Reading: CryptoQuant Head Reveals Reason Behind Bearish Bitcoin Trend However, Ted cautioned that this rebound feels like a potential bull trap. While the price recovered quickly, the underlying momentum may still favor the bears, suggesting that traders should remain vigilant before assuming a sustained upward trend. He emphasized that until Bitcoin can reclaim the $105,000–$106,000 zone, the probability of further downside remains higher. Without a confirmed break above this critical resistance area, the market could continue to support levels as low as $93,394, keeping the short-term outlook skewed toward a possible downtrend. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Colin has raised the possibility of the Bitcoin price mirroring gold’s parabolic move. The analyst further revealed how this could play out for BTC if it were to happen eventually.  What Will Happen If The Bitcoin Price Mirrors Gold In an X post, Colin indicated that the Bitcoin price will record another uptrend as soon as next week if it were to follow gold’s move. He opined that it is unlikely the flagship crypto will not witness another significant move to the upside, given that gold and stocks saw meteoric rises to new all-time highs (ATHs) in recent months.  Related Reading: Bitcoin Bull Market Peak Indicators Says Hold Despite Crash Below $100,000, What’s Happening? Coilin further remarked that money will still flow toward crypto, with a delay, as he highlighted in the gold vs BTC chart. He added that the gold top would forecast a top for the Bitcoin price in January 2026 when shifted forward by 80 days. His accompanying chart showed that BTC could still rally to $175,000 if its bull market extends into January next year.  Colin admitted that this could be wrong for the Bitcoin price, but noted that many other metrics were pointing toward more upward price action for BTC. Meanwhile, he also highlighted the fact that sentiment was getting bearish in the crypto market. The market is currently on a downtrend, with the BTC dropping below $100,000 on several occasions this week.  This has raised concerns that the Bitcoin price may already be in a bear market. However, Colin has indicated that BTC could still rally to new all-time highs before this cycle ends. His prediction aligns with that of the likes of Standard Chartered, which has predicted that BTC could reach between $150,000 and $20,000 by year-end.    Why The BTC Top May Not Be In In another X post, Colin also explained why the top might not be in for the Bitcoin price in this bull run. He noted that the intersection of the 1150-day SMA with previous bull run peak times the top of the next peak. This happened in both the 2017 and 2021 bull runs, which marked the top for BTC at the time.  Related Reading: Analyst Who Predicted Bitcoin Price October Top Is Back With A New Prediction Now, the analyst said that this moving average hasn’t quite lined up with the $65,000 top from the previous cycle, indicating that BTC still has more room to rally to the upside in this market cycle. Colin added that this 1150-day SMA, if projected out, will indicate a top for the Bitcoin price around late December this year or January next year. He reiterated that all metrics collectively point to a top around late December or January next year.  At the time of writing, the Bitcoin price is trading at around $102,400, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

As the Bitcoin market continues to experience a flurry of sales, which started in mid-October, recent on-chain data paints a somewhat optimistic picture of the cryptocurrency’s future. The question is — is the Bitcoin bottom in? Is A BTC Price Reversal Imminent?  In a recent Quicktake post on the CryptoQuant platform, pseudonymous crypto pundit Sunny Mom shared that a bottom formation for the Bitcoin price may be around the corner. Sunny Mom’s post was based on four different on-chain metrics, all looking into the behavior of Bitcoin’s market participants. The first of these is the Futures Taker CVD (Cumulative Volume Delta, 90-day) metric, which helps track the net difference between aggressive buy and sell volumes (referred to as taker orders) in the Bitcoin futures market over the last 90 days.  Related Reading: Bitcoin Options Craze: OI Looks Set To Keep Printing ATHs, Glassnode Says According to the online pundit, the more dominant sell zones (in red) are turning into neutral zones. This means the leveraged short positions (typically held by the most fearful and aggressive of Bitcoin’s market participants) are slowly taking their exits, thus pointing to the weakening of these speculative hands. Next, the on-chain analyst referenced data from the Spot Taker CVD (Cumulative Volume Delta, 90-day) metric. Although the number of speculative sellers is declining, the spot CVD still appears to be in the red. Typically, a ‘red’ reading from this metric suggests that Bitcoin’s holders are still selling their coins.  Another interesting event is that the Bitcoin: Stablecoin Supply Ratio (SSR) has fallen to a hallmark low. For context, this metric measures the ratio between Bitcoin’s supply and the supply of stablecoins (like USDT and USDC).  A high SSR indicates that there are fewer stablecoins in comparison to Bitcoin. As an extension, it points out that there is lower buying power to purchase Bitcoin in order to send its price to the upside. On the other hand, a low SSR indicates a relative abundance of stablecoins compared to the premier cryptocurrency, suggesting the presence of more potential buying power in the Bitcoin market.  Upon examination of past price action, it is apparent that periods where the SSR read ‘significantly low’ have often preceded significant price rebounds of the flagship cryptocurrency. If history is anything to go by, the analyst inferred that we might be set for another rebound, seeing as the SSR metric currently hovers around a historical low. Lastly, Sunny Mom explained that data from the Adjusted Spent Output Profit Ratio (aSOPR) also supports the overall conjecture of an imminent price bottom. At the moment, the aSOPR reads around 1.0 — a level whose breach in April 2025 preceded a major price reversal.  Bitcoin Price At A Glance As of this writing, the price of BTC stands around $102,510, reflecting an over 1% increase in the past 24 hours.  Related Reading: Most Dangerous Bitcoin Boom Yet? Ray Dalio Warns Of ‘Stimulus Into A Bubble’ Featured image from iStock, chart from TradingView

In the last week, Bitcoin’s correction took another drastic turn as prices retested the psychological $100,000 price zone, triggering heavy waves of liquidation. Although the premier cryptocurrency witnessed some rebound after, the current market price remains 19.02% away from the all-time high at $126,198. In the hope of a sustained recovery, a popular analyst with the X username PlanD has outlined one critical market condition. Related Reading: Bitcoin Valuation Reset: MVRV Slides Into Macro Correction Territory — What This Means Bitcoin 50-Week EMA Holds Bullish Structure – Analyst In an X post on November 7, PlanD shares insightful analysis on Bitcoin’s latest price movement. The prominent market expert notes Bitcoin’s bounce of $100,700 may have confirmed a bottom formation. Although price dips below $100,700 could still occur, PlanD emphasized the importance of watching out for a bullish weekly close above this crucial support level. Notably, the importance of the $100,700 price zone comes from its alignment with Bitcoin’s 50-week exponential moving average (EMA). Since 2022, this indicator has acted as a crucial metric, with price crosses often signaling a change in market trends. In the present bull run, Bitcoin has decisively retested the 50-week EMA thrice, each time resulting in a price bounce to higher levels. Amid the recent correction, Bitcoin famously hit this support zone again, which PlanD describes as critical to keeping a bullish structure for a possible rebound. As long as market bulls hold the price point above this indicator, the analyst predicts another bullish price action with potential targets between $116,000 – $120,000 in the short-term. Following a steady recovery, PlanD’s further analysis suggests that Bitcoin maintains strong upside potential, with its current momentum aligning with an ascending channel that began in late 2024 and projecting a possible move toward $176,000. In parallel, a broader cup-and-handle formation has been developing since 2023, signaling an even larger long-term target around $340,000, reinforcing the bullish outlook for the asset. Related Reading: Most Dangerous Bitcoin Boom Yet? Ray Dalio Warns Of ‘Stimulus Into A Bubble’ Bitcoin Price Overview At the time of writing, Bitcoin trades at $102,277, reflecting a slight 0.23% loss in the last 24 hours. In tandem, weekly and monthly losses of 6.98% and 16.23% indicate that bearish sentiment remains dominant despite a modest price bounce off $100,000.  Bitcoin’s retest of the $100,000 level proved pivotal in the ongoing correction, triggering several adverse developments. These included a drop in the investors’ realized price to below $50,000, and losses among top buyers reaching approximately $0.16 billion per hour. All these events, including the subsequent price rebound all underscore the critical psychological importance of the $100,000 zone in the current market structure. Featured image from iStock, chart from Tradingview

Glassnode has explained how the Bitcoin options Open Interest has been climbing recently and looks set to explore new all-time highs (ATHs). Bitcoin Options Open Interest Has Already Bounced Back From Oct Expiry In a new thread on X, analytics firm Glassnode has discussed about the Bitcoin options market. This segment of derivatives trading involves traders betting on future price moves through contracts giving the right (but not the obligation) to sell or buy the cryptocurrency at a set price. Related Reading: Bitcoin Erases Recovery As Coinbase Users Relentlessly Sell Earlier, perpetual futures was the main derivatives trading pathway that investors in the sector used, but recently, demand for options has grown enough to challenge the futures market. One way to gauge interest in options is through the Open Interest, an indicator that measures the total amount of contracts related to the market that are currently open on all centralized exchanges. Here is the chart shared by Glassnode that shows the trend in the Bitcoin options Open Interest over the last few months: As displayed in the above graph, the Bitcoin options Open Interest reached a new record on October 31st. Shortly after, however, the metric saw a plunge due to the contract expiry. Options contracts come with an “expiry” date, on which the contract get either exercised or automatically closed out. A large amount of these expiries coincided on October 31st, which is why the indicator saw a flush. Interestingly, the options Open Interest has been quick to bounce back since then, with its value already halfway back to the ATH. Thus, it would appear demand for options is still alive and well. From the chart, it’s apparent that a similar pattern was also witnessed after the previous major expiry, when the metric gradually recovered and explored new records. “The options market open interest looks set to keep printing new ATHs, expiry after expiry,” explained the analytics firm. Related Reading: Bitcoin At Increased Risk Of Falling To $88,500 Support, Glassnode Warns In terms of trading volume, activity related to the market has been at notable levels since Bitcoin fell below the $107,000 level, as the below chart shows. How the volume related to the options market has changed over the past month | Source: Glassnode on X As Glassnode noted: Options volume has surged since we broke the 107K level and remains elevated showing the constant activities of the traders readjusting their positions and new traders coming in to put on some hedges. As for whether investors are opening bearish or bullish trades with these moves, data suggests bearish bets, or “puts,” initially rose during the plunge, but then bullish bets, or “calls,” saw a surge as price rebounded. Once again, however, puts have seen a rise, indicating investors don’t trust a bottom has appeared yet. BTC Price Bitcoin has retraced its recent recovery as its price is back at $100,900. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin has retraced its recent recovery above $104,000 as data shows the Coinbase Premium Gap has continued to be negative. Bitcoin’s Coinbase Premium Gap Has Been Red Recently As pointed out by CryptoQuant community analyst Maartunn in a new post on X, investors on Coinbase keep selling Bitcoin. The indicator of relevance here is the “Coinbase Premium Gap,” which measures the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin At Increased Risk Of Falling To $88,500 Support, Glassnode Warns When the value of this metric is positive, it means the asset is trading at a higher rate on Coinbase than Binance. Such a trend suggests the users of the former are applying a higher buying pressure (or lower selling pressure) than those of the latter. On the other hand, the indicator being under the zero mark implies Binance users are the ones participating in a higher amount of accumulation as they have pushed the asset to a higher price on the platform. Now, here is the chart shared by Maartunn that shows how the Coinbase Premium Gap has fluctuated over the past week: As displayed in the above graph, the Bitcoin Coinbase Premium Gap has stayed mostly in the negative zone during the past week, implying users on Coinbase have been participating in selling. The metric briefly turned neutral-green as the cryptocurrency witnessed a surge back above $104,000, but since then, the indicator’s value has again plummeted, and with it, the BTC price has erased its recovery. Since the start of 2024, Bitcoin has often reacted to movements in the Coinbase Premium Gap in a similar manner, showcasing how Coinbase users have been a driving force in the market. The exchange is mainly used by American investors, especially large institutional entities like the spot exchange-traded funds (ETFs), so the Coinbase Premium Gap essentially reflects how the US-based whales differ in behavior from Binance’s global traffic. Since the indicator has been red recently, it would appear that the American institutions have been distributing the cryptocurrency. Considering the pattern over the last couple of years, it’s possible that BTC’s recovery might depend on whether a bullish sentiment can return among this cohort. Related Reading: Cardano Retests Line That Has Triggered Strong Rebounds Since Nov 2024 In some other news, a movement of old tokens has just been spotted on the Bitcoin blockchain, as Maartunn has highlighted in another X post. From the chart, it’s visible that a stack of over 13,000 BTC that has been dormant for between 3 and 5 years has become involved in a transaction, a potential sign that a HODLer may be gearing up for selling. BTC Price At the time of writing, Bitcoin is trading around $100,200, down almost 9% over the last week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin’s latest market pullback has pushed its MVRV ratio back into a critical zone that has historically been associated with macro correction lows and early-stage recovery setups. The MVRV metric now reflects a valuation reset similar to the conditions that preceded major rebound phases in prior cycles. Why The Reset Reinforces Bitcoin Value Proposition The crypto bearish performance echoes through the Bitcoin community as the Market Value to Realized Value (MVRV) ratio dips into the critical 1.8 to 2.0 range, a zone significant for past cycle corrections where BTC found its footing before initiating a recovery. An ambassador and market expert, BitBull, has revealed on X that for those unfamiliar with its significance, the MVRV ratio compares BTC’s current market value to its realized value, which is what investors actually paid for their coins. Related Reading: Bitcoin Sentiment Flatline: Bull Score Crashes To 0 – What This Means For The Market However, when this ratio dips near 2, it signals that a majority of holders are hovering around their cost basis. At this point, there’s no greed left in the system, just conviction. Historically, this 1.8 to 2.0 MVRV range has coincided with major market bottoms in June 2021, November 2022, and April 2025, when the market felt broken, but BTC was quietly resetting. With the MVRV ratio currently re-entering this same critical zone, combined with the massive liquidations observed recently and a palpable sense of panic across the market, the pattern feels eerily familiar. Every time sentiment turns into hopelessness, on-chain data would show a different story of exhaustion, not collapse. BitBull personally views this phase as one of compression, not capitulation, indicating short-term pain but a long-term opportunity. The same market dynamics cycle that previously punished excessive leverage is now washing out the remaining weak hands. BitBull concluded that if history rhymes, this will be the part of the story where the bottom gets written, not the top. Why Liquidity Matters More Than Interest Rates Liquidity has been a crucial component of the Bitcoin market. A full-time crypto trader and investor, Daan Crypto Trades, has pointed out that if there is one macro factor that drives BTC and the broader crypto market, it’s the amount of global liquidity within the financial system, not interest rates. Related Reading: Bitcoin Liquidity Grabs: Institutions Target Low-Volume Zones To Move BTC Price This correlation is clear from comparing the global liquidity index with BTC’s price movements over the years. Daan has recently observed a shift where global liquidity has stopped expanding and begun to trend downwards again.  However, this change has put a halt to BTS’s upward momentum, combined with the anticipated profit-taking behavior observed during the 4-year market cycle. “Once global liquidity starts expanding at a rapid pace, the market environment for crypto will become significantly more supportive than it is currently,” the expert noted. Featured image from Pixabay, chart from Tradingview.com

Following the crypto market crash on October 10, a bearish sentiment has dominated, with on-chain data indicating a continued decline in digital asset prices. Bitcoin (BTC), for instance, is nearing one of its worst weekly performances of the year, having recorded a 6% drop over the past seven days.  The leading cryptocurrency has fallen below the critical $100,000 mark for four consecutive days. If this downward trend persists and is confirmed in the coming days, it could exacerbate selling pressure and further instill fear in the market, potentially leading to broader price declines. Short-Term Weakness Likely To Persist Taking a broader view, the market presents a mixed picture. Solana (SOL) has decreased by 20% year-to-date, while Chainlink (LINK) has suffered a 33% drop.  Although Bitcoin, XRP, and Ethereum (ETH) have seen some gains this year, they have not outperformed the stock market, which has risen by 14% during the same period. Related Reading: Samourai Wallet Co-Founder Sentenced To 5 Years In Prison For Money Laundering Interestingly, October also recorded the highest weekly inflow into global crypto exchange-traded funds (ETFs), with $5.9 billion entering in the first week alone, primarily driven by Bitcoin and significant allocations to Ethereum. However, this has failed to result in new recoveries for these assets.  Recent announcements from the Federal Reserve (Fed) indicate that it will cease quantitative tightening (QT) on December 1, accompanied by an interest rate cut. This change is expected to inject more liquidity into the crypto financial system.  However, analysts at The Motley Fool caution that while increased liquidity does not guarantee higher cryptocurrency prices, the cessation of QT removes a persistent headwind.  They argue that although the environment in October felt bleak, the policy outlook suggests a more favorable climate moving forward. This makes it hard to predict a deep bear market in crypto at this juncture, although short-term weakness is likely to persist for some time. Crypto Market Struggles For Stability While the recent selloff has affected the entire market, the most significant losses have been among altcoins. Augustine Fan, a partner at SignalPlus, noted that aside from Bitcoin and Ethereum, the broader crypto market has been struggling for months, with minimal new investments flowing into alt-tokens or decentralized finance (DeFi) projects.  He highlighted that, without new catalysts and amid ongoing concerns regarding security and regulation, mainstream participation in the market is likely to remain subdued. Related Reading: XRP Price Correction Is Far From Over: Bearish Divergence Signals Potential Revisit To $2.05 Jeff Mei, the chief operating officer of crypto exchange BTSE, attributed the latest dip in digital assets partly to worries that artificial intelligence (AI) stocks are overvalued.  He warned that if a selloff occurs in artificial intelligence and tech stocks, Bitcoin could potentially fall below the $100,000 threshold, with altcoins likely to experience even steeper declines. When writing, Bitcoin managed to recover above the $103,000 mark. Yet, the leading crypto is still 18% below all-time high levels of $126,000 reached just days before the infamous market crash on October 10.  Featured image from DALL-E, chart from TradingView.com 

Charles Edwards, founder of Capriole Investments, has identified a concerning trend in the Bitcoin (BTC) and broader cryptocurrency market that adds to the ongoing sentiment of bearishness among investors.  Over 1 Million BTC Sold By OG Investors Since June In a recent post on the social media platform X (formerly Twitter), Edwards highlighted that “OG” Bitcoin whales are actively cashing out their holdings. Related Reading: XRP Price Correction Is Far From Over: Bearish Divergence Signals Potential Revisit To $2.05 Accompanying his remarks was a chart illustrating the extent of this phenomenon, showing on-chain spending from “OG” Bitcoin holders—those who have held their assets for over seven years.  The chart prominently features two color-coded categories: orange for $100 million dumps and red for $500 million dumps, vividly demonstrating the scale of liquidations by these long-term investors.  Notably, the chart reveals that OG Bitcoin whales have been offloading their assets continuously since November 2024, which helps explain Bitcoin’s underperformance compared to other risk assets throughout 2025. Despite this selling pressure, the market has exhibited unusual resilience, absorbing these large sell-offs without experiencing the drastic price declines typically seen in previous cycles.  This behavior represents a new pattern for the market, as Wall Street analysts have noted that the net sales from long-term holders have surpassed 1 million Bitcoin since late June, according to research from Compass Point analyst Ed Engel. Potential Liquidations Driving Bitcoin To $70,000 A significant liquidation of leveraged crypto positions on October 10 further compounded the market’s struggles, with Bitcoin failing to regain critical support levels of $117,000 and then $112,000.  Markus Thielen, founder and CEO of Singapore-based 10X Research, expressed his concerns in an interview with Yahoo Finance, noting that the inability to reclaim these levels suggests that the market may indeed be in a bear cycle.  His firm, which had previously predicted Bitcoin would fall to $100,000, now believes the market could be “a few weeks away” from finding a buyable bottom. Related Reading: Samourai Wallet Co-Founder Sentenced To 5 Years In Prison For Money Laundering Thielen also warned of a potential correction that could see Bitcoin prices decline further, citing the recent strength of the US dollar as an additional challenge for the crypto markets.  He mentioned an “air pocket” below $93,000, indicating a lack of support that could lead to further liquidations, possibly driving prices down to the $70,000 range. Featured image from DALL-E, chart from TradingView.com 

The recent Bitcoin price crash below $100,000 has sparked widespread concern across the crypto market, but major institutional players like JPMorgan remain unshaken. According to reports, JPMorgan analysts have issued a surprisingly bullish outlook for Bitcoin, forecasting a potential surge to $170,000 in the near future. The bullish prediction has caught the attention of the broader crypto market, especially as volatility and liquidations continue to test investor sentiment and push prices down.  JPMorgan Maintains Bullish Bitcoin Price Outlook Eric Balchunas, a Senior ETF analyst at Bloomberg, recently shared insights from JPMorgan’s analysts, led by Managing Director Nikolaos Panigirtzoglou, who presents a compelling bullish case for the Bitcoin price. In one of their research notes, the bank’s analysts argue that Bitcoin’s current market value is significantly undervalued compared to gold.  They suggest that once leverage conditions normalize, the leading cryptocurrency could climb toward $170,000. Notably, they expect BTC to reach this bullish target within the next 6-12 months, representing a 65.9% increase from its current price level of just over $102,400.   Related Reading: New XRP ETF Just Dropped, But Will Anything Be Different This Time? The analysts emphasized that the broader crypto market has already undergone a near 20% correction from previous highs, primarily driven by massive liquidations in perpetual futures contracts. The largest wave was observed on October 10, following US President Donald Trump’s announcement of aggressive tariffs against China, which triggered record liquidations that wiped out billions of dollars in leveraged positions across exchanges—the largest such event in the history of crypto.  Leaving the crypto market with no room for a recovery, another devastating liquidation event occurred on November 3, deepening the correction after a $120 million exploit on Market Maker Balancer reignited fears over DeFi protocol security. However, despite this widespread volatility and market downturn, JPMorgan analysts remain bullish on Bitcoin, likely viewing these liquidation events as necessary purges that have flushed out excessive speculation.  The analysts believe that perpetual deleveraging has finally come to an end, opening a potential path for more stable institutional accumulation. They suggest that Bitcoin’s value could recover and strengthen considerably from now to October 2026, supporting the bullish projection of a possible rally to a new all-time high. Market Analysts Share Similar Optimistic Predictions  Crypto market analyst Sulianto Indria Putra’s latest technical analysis echoes bullish optimism for Bitcoin’s price outlook. He highlights that the cryptocurrency’s weekly chart shows the 50-week Exponential Moving Average (EMA) continuing to act as a strong cyclical support level. Each time BTC has touched this EMA in past bull cycles, it has historically rebounded with strong upward momentum. Related Reading: Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow? Based on the analyst’s chart, Bitcoin trades around $102,400, just above the 50-week EMA at approximately $100,900, where price action shows consolidation rather than breakdown. Putra argues that this positioning indicates that the market is forming a higher low within an ongoing bull trend. Despite widespread bearish sentiment and price declines, the analyst maintains that Bitcoin could still rally significantly to $150,000 between late 2025 and early 2026.  Featured image created with Dall.E, chart from Tradingview.com

Over the years, a number of indicators have emerged that have helped to pinpoint the Bitcoin price top for each bull cycle. These have become quite popular due to their success rates during this time. As such, the Coinglass website collates all of these to form a progress chart that could tell when the Bitcoin price is nearing its peak. This progress chart is barely halfway gone, but the Bitcoin price is seeing major crashes, so what’s going on? Bull Market Peak Indicators Remain Untriggered A total of 30 Bitcoin bull market peak indicators are being tracked on the Coinglass website, and so far, not a single one has been triggered. This means that none of these 30 indicators point to the Bitcoin price already reaching its peak. This suggests that there is still more runway for the digital asset before it hits the cycle peak and begins the next decline into the bear market; thus, the tracker remains firmly in “Hold” territory. Related Reading: Analyst Predicts Bitcoin Price Crash To $87,000 If This Happens For example, the Bitcoin Dominance indicator is very high, sitting at 92.76%, very close to being triggered, but remains untouched. This comes while the Bitcoin dominance over the rest of the altcoin market remains high above 60%, but still below the 65% score required for the indicator to be triggered.. Another major indicator is the Bitcoin long-term holder supply, which tracks the rate at which long-term holders are dumping BTC. This indicator is often triggered when long-term holder supply falls below 13.5 million BTC, but at the time of this report, it is still sitting above 15 million BTC. Short-term holder supply is another indicator that also remains relatively low at this point. For this indicator to be triggered, the short-term holder supply needs to rise above 30% of the supply. However, it is sitting at less than 25%, suggesting that Bitcoin long-term holders are still dominating the market. Sell-Offs Are Dominating Bitcoin While the Bitcoin peak indicators remain untriggered and point toward a time to hold, it has not stopped the massive sell-offs that have been rocking the cryptocurrency. Over the last few weeks, reports have emerged of early Bitcoin whales dumping billions of dollars of BTC on the market. Related Reading: Here’s Why Dogecoin And Shiba Inu Prices Are Crashing, Is A Recovery Possible? Bitcoinist reported that between October and November, two early Bitcoin whales had sold more than $1.7 billion worth of BTC in a matter of weeks. These sell-offs had added to the initial bearish pressure that pushed the Bitcoin price down toward $100,000. Then, earlier this week, reports emerged of another OG whale who dumped 10,000 BTC, worth over $1 billion on the market. Given these, it seems that Bitcoin is not waiting for the cycle peak indicators to trigger before rallying. The whales are already pushing what looks to be a premature bear market with the massive sell-offs. Featured image from Dall.E, chart from TradingView.com

Amid this week’s crypto market correction, Ark Invest’s CEO and CIO, Catie Wood, has slashed her 2030 bullish forecast for Bitcoin (BTC), highlighting the global momentum of the stablecoin sector. Related Reading: Web3 Verifiable Settlement Protocol To Bring ‘Internet-Speed’ Payments With New Upgrade Stablecoins Overtake Part Of BTC’s Role On Thursday, Ark Invest’s CEO, Cathie Wood, joined CNBC’s “Squawk Box” to discuss Bitcoin’s price, her thoughts on stablecoins’ growth, and how her previous bullish forecast for the flagship crypto has evolved over the past year. In the interview, Wood underscored that the rapid rise of stablecoins is taking on a role she thought BTC would handle, leading to a 20% reduction of her $1.5 million prediction by 2030. It’s worth noting that the investment management firm has previously affirmed that the leading cryptocurrency could serve as a store of value and a global settlement system. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood affirmed on Thursday morning. “Given what’s happening to stablecoins, which are serving emerging markets in a way that we thought bitcoin would, I think we could take maybe $300,000 off of that bullish case just for stablecoins.”   “Emerging markets are huge in this regard,” she said, adding that “we’re starting to see institutions in the United States focused on new payment rails, with stablecoins at the core. So very interesting movement.” Notably, the sector has seen rapid adoption following the enactment of the GENIUS Act in the US, with other leading jurisdictions, including the UK and South Korea, pushing to establish their own regulatory framework in the coming months. Similarly, multiple leading companies in the traditional payment system are preparing strategic moves into the stablecoin sector. Last week, the global financial services company Western Union announced its plan to launch the US Dollar Payment Token (USDPT) on the Solana blockchain. To Wood, “Stablecoins are scaling here much faster than anyone would have expected,” making it a space to watch in the future. Wood Is Still Bullish On Bitcoin Despite recalibrating her 2030 bull case, Ark Invest’s CEO emphasized that she remains bullish on Bitcoin, noting that growing institutional adoption will be a powerful driver for long-term value. Currently, the flagship cryptocurrency has declined 20% from its October 6 all-time high (ATH) of $126,000, briefly falling below the $100,000 mark earlier this week. Nonetheless, most market analysts and investors remain bullish on BTC’s long-term performance. Related Reading: Bitcoin Eyes ‘Moment Of Truth’ As Price Retests $100,000 Support – Is The Rally Over? Wood highlighted that “Bitcoin is a global monetary system, it is the lead in a new asset class, and it’s a technology, all wrapped in one.” She added that institutional participation in the sector has only begun, stating, “Institutions really have just dipped their toes into this space. We have just started, so we have a long way to go.” The CEO closed her observations by affirming that the broader crypto ecosystem is expanding, not contracting. “I think the whole space gets bigger,” she concluded. Featured Image from Unsplash.com, Chart from TradingView.com

The recent Bitcoin price crash is not just another dip in the market, according to analysts; it could be one of the most critical phases for its long-term bullish structure in this cycle. Crypto market expert Tara has emphasized that this ongoing retracement sets the foundation for Bitcoin’s next major bottom. Her analysis points to a potential Wave 5 correction that could drive the BTC price as low as $94,000 before the next major bullish trend begins.  Bitcoin Price Eyes Recovery After Wave 5 Retracement In a technical analysis shared on X social media, Tara disclosed that Bitcoin’s latest price correction “is probably one of the most important retraces it will have in a long time.” She views the decline as an essential process that prepares the leading cryptocurrency for a strong rebound in the future. Based on her Elliott Wave analysis, there are only two waves left before the broader market shift begins.  Related Reading: Analyst’s Full Market Breakdown Shows Why Bitcoin Price Is Headed For $120,000 The analyst notes that the primary reason the Bitcoin price crash is important is that it allows the Relative Strength Index (RSI) to recover, creating ideal conditions for a Bullish Divergence. Subsequently, this divergence could establish a solid bottom for BTC, which is a critical signal for the start of a renewed uptrend.  In her chart, Tara identifies a key Fibonacci Retracement zone between $103,400 and $104,900 as the resistance range for its current wave. The 0.382 Fib level is located near $103,478, where the Bitcoin price intersects with the Moving Average (MA), while the 0.5 Fib level aligns with $104,943. The analyst notes that this range could act as a crucial pivot zone before BTC resumes its correction in the final Wave 5 down to $94,000.  Additionally, the chart shows that Bitcoin is currently retracing from a previous low near the 0.618 Fibonacci Extension around $103,755.79. Trading volume has also declined by over 48% in the past 24 hours, while RSI remains weak at 33.96, signaling that the market is still oversold. Why The Path To $94,000 Matters For The Next Bull Cycle In responding to questions from crypto community members under her X post, Tara clarified that Bitcoin could first rise to $104,000, representing a 0.97% increase from current levels above $103,000, before crashing 9.6% to $94,000. She expects a price bottom to occur quickly and soon, whereas it may take longer for Bitcoin to build solid support before reversing into a new bullish phase.  Related Reading: Here’s What Happened The Last Time The Bitcoin Price Closed October In The Red Tara stated that the ongoing retracement could peak around the day of her analysis, but the bottom might take a few more days to form. Despite the anticipated “pain,” she reassured market watchers that the correction is necessary for Bitcoin’s next leg higher. She also emphasized that the market may not feel bullish until mid-December 2025. Featured image from Pixabay, chart from Tradingview.com

On-chain analytics firm Glassnode has revealed how Bitcoin could be at risk of a further drawdown after trading at a significant discount to a key cost basis level. Bitcoin Could Retest Active Realized Price Next In its latest weekly report, Glassnode has talked about how Bitcoin has dropped a notable distance below the short-term holder (STH) Realized Price. The “Realized Price” here refers to an on-chain metric that tracks the cost basis of the average investor or address on the BTC network. To any investor, their break-even mark tends to be a level of particular importance, as retests of it can potentially flip their profit-loss situation. Due to this, Realized Price levels have often shown interactions with the asset’s price, as investors make moves to either exit with their money back or buy more to defend their cost basis. Related Reading: Cardano Retests Line That Has Triggered Strong Rebounds Since Nov 2024 A group that’s considered particularly sensitive to short-term volatility is the STH cohort, made up of the investors who purchased their coins within the past 155 days. The Realized Price of the STHs generally provides support during bullish trends, but with the recent market crash, Bitcoin has plummeted under it. As displayed in the above chart, Bitcoin at its post-crash levels is trading significantly below the STH Realized Price located at $112,500. This means that members of the cohort are now notably underwater. “Historically, discounts with such depth from this level have increased the likelihood of further downside toward lower structural supports,” explained Glassnode. One such support is the Active Realized Price, corresponding to the cost basis of the “economically active” part of the BTC supply. A chunk of the cryptocurrency’s supply has been dormant for so long that it can safely be presumed lost. In other words, these tokens will never make their way back into circulation. Such coins have no effect on the market today, so the Active Realized Price excludes them from the data, labeling them “economically inactive.” The report noted that this level “has often served as a critical reference point during extended corrective phases in prior cycles.” At present, the indicator is sitting near $88,500. Related Reading: Bitcoin & Ethereum Social Sentiment Collapses, But XRP Just Sees Disinterest The Bitcoin STH Realized Price isn’t the only level that the asset has lost recently. As on-chain analytics firm CryptoQuant has pointed out in an X post, the asset has also declined below the 365-day moving average (MA). CryptoQuant has described the line as “a key technical and psychological support level last broken at the start of the 2022 bear market.” Considering that Bitcoin has lost the STH Realized Price, and now, this level as well, it remains to be seen whether the asset will end up retesting the Active Realized Price and other lower support levels. BTC Price At the time of writing, Bitcoin is floating around $103,300, down over 6% in the last seven days. Featured image from Dall-E, Glassnode, CryptoQuant.com, chart from TradingView.com

In a bold escalation of the crypto-policy debate, Senator Cynthia Lummis has publicly asserted that Bitcoin is the only solution capable of addressing the mounting national debt burden facing the United States. Her comments come amid rising tensions over monetary policy, inflation, and the role of digital assets in reshaping finance. How Bitcoin Could Reshape Treasury Markets Senator Cynthia Lummis has once again made headlines with her support for Bitcoin, stating in a recent Bloomberg interview that BTC is the only solution to America’s mounting national debt. According to a crypto news source, CryptosRus, posted on X, that Lummis expressed her pro-Bitcoin stance, mentioning that BTC is an asset that will continue to grow over time and is the key to offsetting the burgeoning national debt.   Related Reading: Bitcoin In The Crosshairs: US Treasury Secretary Reveals What Senate Democrats Could Learn From BTC Lummis highlighted the concept of a strategic BTC reserve, asserting that it represents the sole viable strategy to offset the national debt. However, CryptosRus noted that her consistent advocacy makes her one of Washington’s most ardent supporters of BTC, pushing for its integration to play the core role of US fiscal strategy. Several companies are actively preparing for this move. An emerging euro-denominated Bitcoin treasury backed by Tyler and Cameron Winklevoss, Treasury_BTC, has announced the appointment of Tycho Onnasch as its new head of BTC strategy. Onnasch is widely recognized within the BTC community for his foundational work on BTC scaling solutions, insightful market analysis, and deep conviction in BTC. Onnasch’s impressive background includes founding Zest Protocol, a leading BTC yield and landing platform, which is supported by BTC heavyweights Tim Draper and Binance Founder Changpeng Zhao. Academically, Tycho holds a degree from Oxford University, with a specialization in economic history. His achievements were further acknowledged with his inclusion in Forbes’ prestigious 30 under 30 Europe list. Onnasch’s role will be instrumental in driving the company’s BTC strategy and influencing its approach to market interpretation. A Healthier Foundation For Bitcoin Next Leg Higher CryptosRus has also reported that BTC has recently experienced its most significant open interest meltdown of its current cycle since the liquidation event that occurred on October 10. The data reveals substantial drops across major platforms, with Binance’s open interest decreasing by $4 billion, Bybit by over $3 billion, and Gate by more than $2 billion. Due to this liquidation event, traders have not rushed back in with leverage.  Related Reading: Bitcoin Recovery Lacks Conviction, Market Signals Another Pullback Risk Typically, leverage rebuilds quickly after a wipeout, but the slow recovery from this current scenario suggests that the market confidence is shaken. This sentiment explains the current slow and choppy price action, as the market operates with reduced leverage and fewer aggressive positions.  CryptosRus pointed out that when leverage undergoes such a significant reset, the market often leads to an increase in stability. It lowers the risk of another sudden cascade of liquidations and establishes a healthier foundation for the next price movements. The expert concluded that this is a BTC reset, not a breakdown. Featured image from Pixabay, chart from Tradingview.com

Bitcoin price is struggling below $104,200. BTC could continue to move down if it stays below the $103,500 resistance. Bitcoin started a fresh decline below the $103,500 support. The price is trading below $103,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $102,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it fails to surpass the $103,500 zone. Bitcoin Price Dips Again Bitcoin price failed to stay above the $104,000 support level and started a fresh decline. BTC dipped below $103,500 and $102,400 to enter a bearish zone. The decline was such that the price even spiked below the $101,200 support. A low was formed at $100,266 and the price is now consolidating losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $104,498 swing high to the $100,266 low. Bitcoin is now trading below $103,000 and the 100 hourly Simple moving average. If the bulls attempt another recovery wave, the price could face resistance near the $102,000 level. The first key resistance is near the $102,250 level. Besides, there is a key bearish trend line forming with resistance at $102,400 on the hourly chart of the BTC/USD pair. The next resistance could be $103,500 and the 76.4% Fib retracement level of the recent decline from the $104,498 swing high to the $100,266 low. A close above the $103,500 resistance might send the price further higher. In the stated case, the price could rise and test the $104,200 resistance. Any more gains might send the price toward the $105,500 level. The next barrier for the bulls could be $106,200 and $106,500. More Losses In BTC? If Bitcoin fails to rise above the $102,400 resistance zone, it could continue to move down. Immediate support is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. The main support sits at $95,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,500, followed by $100,000. Major Resistance Levels – $102,400 and $103,500.

The cryptocurrency market is currently facing significant bearish pressure, with Bitcoin (BTC) struggling to reclaim previously crucial support levels.  Recent data from CoinGecko indicates that Bitcoin has retraced nearly 6% over the past week, a decline that has impacted other major cryptocurrencies, including Ethereum (ETH), XRP, Binance Coin (BNB), and Solana (SOL), all of which have experienced double-digit losses during the same period. Galaxy Digital Lowers Bitcoin Price Target This downturn marks a stark contrast to the bullish sentiment observed earlier in October, when Bitcoin surged to record its current record high slightly above the $126,000 mark due to a wave of margin buying.  However, the euphoria was short-lived, as approximately $20 billion in leveraged positions across the crypto market were abruptly liquidated just days later on October 10, contributing to the ongoing lack of confidence among investors. Michael Novogratz’s Galaxy Digital recently revised its year-end Bitcoin price target down to $120,000, a significant cut from the previous estimate of $185,000, attributing this adjustment to the “significant leverage wipeout.”  Related Reading: Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana Market analytics firm CryptoQuant has pointed out that Bitcoin’s drop below its 365-day moving average near $102,000 could signal a deeper retreat. This moving average has historically acted as a critical support level during this bull cycle, and its failure to hold could lead to a more substantial correction in Bitcoin’s price.  In their analysis, CryptoQuant experts elaborated on the conditions necessary for Bitcoin to reverse its current trajectory and potentially reach new all-time highs. They observed that Bitcoin led a global risk-off movement, testing the critical $100,000 support level.  This decline was influenced by a stronger dollar and ongoing uncertainties regarding Federal Reserve (Fed) policy, which have dampened broader risk appetites across various asset classes.  Notably, there have been four consecutive sessions of approximately $1.3 billion in net outflows from US spot BTC ETFs, reversing what had been one of the strongest tailwinds for the market in 2025. This diminished demand in the spot market has coincided with forced deleveraging, resulting in over $1 billion in long liquidations at recent lows, which briefly breached intraday support before dip buyers stepped in.  Stabilization Of ETF Flows Crucial The options market has further intensified volatility, as dealers remain net short gamma around the $100,000 strike, leading to increased hedging activity near this critical level.  The $100,000 mark now stands as a psychological barrier, and any stabilization in ETF flows could shift market sentiment, provided no new macroeconomic shocks occur. On the macroeconomic front, the analysts assert that the current environment remains supportive, albeit clouded by the ongoing government shutdown in Washington. However, policy clarity remains elusive.  Related Reading: Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700 The Federal Reserve’s recent 25 basis point cut in October, which included some dissenting opinions, was accompanied by a cautious tone that pushed back against expectations for another cut in December.  Markets are currently pricing in a 60-65% chance of a follow-up move, but as the Fed’s blackout period continues, policymakers may become more comfortable with the idea of pausing, which would help maintain a firm dollar and tight credit conditions. For Bitcoin to break higher sustainably, CryptoQuant’s analysis suggests that a reversal in exchange-traded fund outflows and renewed confidence in risk assets will likely be necessary.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin is once again at a pivotal moment after briefly dipping below the $100,000 level on Tuesday, testing one of the most important psychological and structural supports of the cycle. The market remains tense as bulls attempt to defend this zone amid rising volatility and persistent selling pressure. Momentum has clearly slowed, and traders are now looking for signs of stabilization as the next directional move takes shape. Related Reading: ‘Bitcoin $100K Break Was Emotional’ – On-Chain Data Shows No Structural Damage According to top analyst Darkfost, a major shift is unfolding beneath the surface — Bitcoin’s open interest across major centralized exchanges continues to struggle to recover. Since the mass liquidation event on October 10, when over $10 billion in leveraged positions were wiped out, the use of leverage has cooled significantly. This has resulted in the largest 30-day decline in open interest of the entire cycle, signaling a widespread de-risking among futures traders. While this sharp decline reflects shaken confidence, it may also serve a constructive purpose. The unwinding of excessive leverage often precedes healthier, more sustainable price action, helping to flush out speculation and rebuild stronger market foundations. Leverage Flush Deepens as Exchanges See Billions in Open Interest Wiped Out Darkfost highlights that Binance has been at the center of this leverage unwind, recording a massive $4 billion decline in Bitcoin open interest over the past month. Other major platforms have faced similar drawdowns, with Bybit losing over $3 billion and Gate.io more than $2 billion. This widespread contraction underscores how aggressively leverage has been removed from the market following October’s liquidation shock. Back on October 10, global open interest dropped by more than $10 billion within hours, one of the most severe leverage resets of the cycle. Historically, after such dramatic events, traders rebuild positions quickly as volatility cools. However, this time the rebound has been notably absent — open interest remains depressed, suggesting that market confidence is still fragile. The ongoing correction continues to discourage over-leveraged activity, forcing traders to adopt more conservative positioning. While this has amplified short-term downside pressure, Darkfost notes that these deleveraging phases are ultimately healthy. They wash out excessive speculation, allowing stronger hands to reaccumulate and laying the groundwork for the next sustained rally. In the medium term, this compression of leverage tends to create a more stable, organic market structure — one driven by spot demand rather than derivatives-driven momentum. Related Reading: Anti-CZ Whale Flips Bullish: Now Long $109M In Ethereum While Holding Massive Meme Shorts Bitcoin Retests Key Support After Heavy Selling Bitcoin is showing signs of stabilization after a sharp sell-off that briefly pushed prices below the critical $100,000 level earlier this week. As of now, BTC trades around $103,000, attempting to recover but facing persistent resistance from the short-term moving averages. The chart shows that Bitcoin remains well below the 50-day (blue) and 100-day (green) moving averages — both now acting as dynamic resistance zones around $110,000. The 200-day MA (red) near $102,000 currently serves as the key support level, and a sustained close below it could open the door to deeper downside, potentially toward $95,000. Related Reading: Balancer Hacker Now Converting Loot to Ethereum: Stolen Funds Surge To $116.6M The recent bounce reflects short-covering and some dip-buying activity, but momentum remains weak. The market structure suggests a shift from bullish to corrective, as lower highs continue to form. For bulls to regain control, Bitcoin would need to reclaim the $110,000–$112,000 region — where heavy liquidity and previous breakdown levels align. Focus remains on whether buyers can hold the $100K–$103K zone. Losing this range would likely trigger another wave of liquidations, while a successful defense could provide the base for a mid-term recovery rally. The market remains fragile, with sentiment still leaning cautious. Featured image from ChatGPT, chart from TradingView.com

Bitcoin (BTC) is hovering around a precarious stage below the $100,000 psychological level as supply in profit just crashed to a new 2025 low. Amid this decline, Glassnode analysts Chris Beamish, Antoine Colpaert, and CryptoVizArt highlight a complex interplay of structural weakness, cautious investor behavior, and decreased institutional demand. Bitcoin also remains oversold; however, it has yet to enter full capitulation. This suggests that price is fragile but not broken, balancing between recovery and the risk of a deeper decline.  Bitcoin Supply In Profit Crash Signals Weak Demand And Price Bitcoin’s supply in profit has fallen sharply, hitting its lowest level of 2025 and reflecting the broader slowdown in market momentum. Glassnode analysts note that this decline indicates fading demand and persistent sell pressure as the BTC price consolidates near $100,000, after falling 21% from its all-time high above $126,000.  Related Reading: Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow? According to the report, roughly 71% of Bitcoin’s supply remains in profit, near the lower edge of the typical 70% – 90% range seen in mid-cycle slowdowns. This drop marks the lowest probability level of the year, suggesting that BTC’s price stability and recovery may depend on whether fresh demand can return to the market in the coming weeks.  The analysis also disclosed that Bitcoin has broken below the Short-Term Holder’s cost basis of roughly $112,500, and is now struggling to recover, confirming that its earlier bullish phase has ended. They say that the market has been unable to regain a solid footing since the October 10 flash crash and reset, with prices hovering just above the Active Investor’s Realized Price at $88,500.  Additionally, on-chain data shows that long-term holders are contributing to the bearish pressure. Since July, Bitcoin’s total supply has decreased from 14.7 million BTC to 14.4 million BTC, representing a net reduction of approximately 300,000 coins. Glassnode analysts estimate that around 2.4 million BTC have been spent during this period, which is roughly 12% of its circulating supply.  Unlike earlier in the market cycle, these long-term holders are now selling into weakness rather than strength, signaling fatigue and reduced sentiment, likely due to the consistent market declines. While the Relative Unrealized Loss remains moderate at 3.1%, Glassnode analysts highlight that the combination of declining profitability and steady long-term distribution leaves the Bitcoin price in a vulnerable position near $100,000.  Related Reading: Analyst Reveals What Ripple’s Latest Launch In The US Means For The XRP Price ETF Outflows And Unsteady Derivatives Deepen Market Caution In addition to the decline in Bitcoin’s supply in profit, off-chain indicators also point to caution. Glassnode analysts note that US Spot Bitcoin ETFs have seen net outflows between $150 million and $700 million per day over the past two weeks, reversing the strong inflow streak from September and early October. This slowdown reflects a significant decline in institutional appetite, with capital rotating out of Bitcoin exposure as the price declines.  Bitcoin’s Cumulative Volume Delta (CVD) has also turned negative on Binance and major exchanges. In derivatives, analysts noted that the Perpetual Market Directional Premium has declined from $338 million in April to $118 million per month, indicating that traders are pulling back on risk and avoiding aggressive long positions.   For now, Bitcoin remains in a delicate position, oversold but structurally intact. Glassnode experts have stated that the next key test lies at $112,000 and $113,000, where a sustained recovery would signal renewed demand, while further weakness could deepen the correction.   Featured image created with Dall.E, chart from Tradingview.com