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As Bitcoin (BTC) tries to recover from its weekend sell-off that saw it almost crash to $100,000, some crypto analysts think that the BTC market likely “lost its pulse.” As a result, the leading cryptocurrency may be on the cusp of losing its bullish momentum. Bitcoin At The Risk Of Losing Momentum? According to a CryptoQuant Quicktake post by contributor TeddyVision, Bitcoin’s Inter-Exchange Flow Pulse (IFP) has been trending lower, confirming that inter-exchange activity is slowly fading. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone For the uninitiated, the IFP measures liquidity as it moves between crypto exchanges. In essence, it can be considered a proxy to determine how active arbitrage and market-making really are. To explain, arbitrage refers to the practice of buying an asset for a lower price on one platform and selling it at a higher price on another, thus benefiting from the price differential. In simple terms, arbitrage refers to profiting from inefficiencies. When such inefficiencies exist in the market and are actually executable, liquidity tends to start moving fast. At the same time, trading bots begin shuttling funds across platforms, market spreads begin to realign again, and the market starts to feel “alive.” This is when the IFP rises. Although there is greater market volatility due to a rising IFP, it is generally considered healthy for the market as it confirms that BTC is likely experiencing a bullish momentum. However, since the IFP reading has turned lower in recent weeks, traders are finding it harder to arbitrage price discrepancies even though they might still be appearing. TeddyVision noted: Price discrepancies still appear, but they’re harder to arbitrage – liquidity is thinner, latency is higher, and risk-adjusted opportunities are drying up. Traders find fewer setups worth taking, and less capital circulates between venues. The analyst emphasized that liquidity is not leaving the market, it is just not circulating like earlier. While such a slowdown in liquidity does not crash the market, it does drain the energy out of it. To conclude, the market is not collapsing, it is just “too efficient” at the moment for traders to find any meaningful arbitrage opportunities that they can benefit from. When inefficiencies leave the market, the underlying asset is likely at risk of losing its momentum. A Healthy Correction For BTC? The market crash on October 9 led to the largest single-day liquidation ever in the history of the crypto industry, totalling a mammoth $19 billion. While the overall optimism has receded, some analysts are still hopeful of a quick sentiment turnaround. Related Reading: Bitcoin Forecast: $160,000 Target Possible If These 2 Conditions Align – Analyst Fellow crypto analyst EtherNasyonaL stated that BTC has maintained its upward trajectory despite the recent market crash, and that a move to a new all-time high (ATH) may be on the horizon. At press time, BTC trades at $111,731, down 2.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

After beginning the week above the critical $115,000 mark, Bitcoin (BTC) and the broader cryptocurrency market initially showed signs of recovery. However, BTC has resumed its downward trajectory, experiencing a 4% decline over the past 24 hours. This downturn has had a cascading effect on other altcoins, particularly Ethereum (ETH) and XRP. BTC, ETH, XRP’s Plunge Explained With the Bitcoin drop, Ethereum recorded a 5% drop, once again losing the pivotal $4,000 support level, while XRP has suffered even greater losses, plummeting by 7% during the same timeframe. This decline has pushed XRP closer to $2.40 as of Tuesday, highlighting the volatility affecting altcoins in the current market environment. Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency According to Bloomberg, this recent Bitcoin and crypto slide can be attributed to geopolitical tensions, specifically China’s imposition of restrictions on the American units of Hanwha Ocean Co., one of South Korea’s largest shipbuilders.  This action is seen as a retaliatory measure against US sanctions targeting the Chinese shipping sector. Bitcoin and the crypto market were already reeling from a brutal selloff that began on October 10, which resulted in approximately $19 billion worth of leveraged positions being liquidated.  This selloff, which saw the Bitcoin price drop toward $102,000 last Friday, was triggered by US President Donald Trump’s threats of increased tariffs on China in response to new export controls. Three Scenarios For Bitcoin Market analysts are closely monitoring Bitcoin’s performance, noting that a drop below the $110,000 threshold could initiate a test of the $104,000 to $108,000 liquidity band, according to Timothy Misir, head of research at digital-assets analytics platform BRN.  “The market now enters a consolidation phase, characterized by renewed caution, selective risk-taking, and a more measured rebuilding of confidence across both spot and derivatives markets,” commented analytics firm Glassnode. Furthermore, market expert Doctor Profit has outlined three potential scenarios for Bitcoin’s trajectory over the short, mid, and long term on social media platform X (formerly Twitter).  Related Reading: Dogecoin Foundation’s House Of Doge Announces NASDAQ Listing In the short term, covering the current month, the Bitcoin outlook is neutral. Although a slightly bullish sentiment was noted yesterday, it has reverted to neutral as new data emerges, emphasizing the need for more information to make a conclusive decision.   For the mid-term outlook, spanning one to three months, the sentiment is bearish. The expert indicates that the market has recently entered the early stages of a bear phase. While there may be instances of dead cat bounces, he suggests that the overall direction for the mid-term appears to be downward. Looking further ahead, in the long term (three to twelve months), the analysis remains extremely bearish for Bitcoin and crypto as the macroeconomic environment indicates an impending global economic upheaval, which many believe is closer than it appears.  When writing, Bitcoin trades just above its key support for the short-term at $110,300.  Featured image from DALL-E, chart from TradingView.com 

On-chain analytics firm Glassnode has explained how the latest Bitcoin selloff is different from the LUNA and FTX crashes of 2022. Bitcoin Supply In Profit Trend Is Structurally Different For The Latest Crash In a new post on X, Glassnode has discussed how the recent bearish action in BTC compares against some of the past crashes. The analytics firm has used the Percent Supply in Profit to make the comparison. This on-chain indicator measures, as its name suggests, the percentage of the total Bitcoin circulating supply that’s sitting on some net unrealized gain right now. Related Reading: BNB Shoots Up 6%: Is This Just The Start Of A Run To $2,400? The metric works by going through the transaction history of each token in circulation to see what price it was last transferred or sold at. If this previous transaction price was less than the latest spot price for any token, then it may be considered to be currently sitting on some profit. The Percent Supply in Profit adds up all coins of this type and determines what percentage of the supply they make up. Another indicator called the Percent Supply in Loss tracks the tokens of the opposite type. If one of these indicators is known, the other can simply be calculated by subtracting it from 100, since the total BTC supply must add up to 100%. Now, here is the chart shared by Glassnode that shows the trend in the Bitcoin Percent Supply in Profit over the last few years: As is visible in the above graph, the Bitcoin Percent Supply in Profit hit the 100% mark earlier in the month when the cryptocurrency’s price set its new all-time high (ATH). When the sharp selloff at the end of last week started, the indicator’s value was still well over the 90% mark, meaning the vast majority of investors were in the green. As such, the crash was more profit-driven, with losses mostly coming from the top buyers. During some of the big crashes of the 2022 bear market, however, the market conditions were quite different. In the LUNA and FTX collapses, the Percent Supply in Profit sat under 65%. In the chart, Glassnode has also highlighted the data of another metric: the Net Realized Profit/Loss, measuring whether profit-taking or loss-taking is dominant on the BTC network. From this indicator, it’s apparent that the aforementioned crashes saw deep negative values, implying a broad capitulation event took place. Related Reading: Bitcoin Direction Still Unclear: Analyst Says Watch These Key Charts The 3AC collapse occurred alongside a higher Percent Supply in Profit, but it also witnessed a notable spike in loss-taking. Based on this, Glassnode concludes that the latest Bitcoin crash was “a structurally different, leverage-driven event.” BTC Price At the time of writing, Bitcoin is trading around $110,400, down more than 11% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin price corrected losses and traded above the $115,000 level. BTC is now struggling and might start another decline below $110,000. Bitcoin started a fresh decline after it failed to clear the $116,000 resistance level. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $110,500 zone. Bitcoin Price Faces Resistance Bitcoin price started a recovery wave above the $112,000 resistance level. BTC recovered above the $112,500 and $113,200 resistance levels. The price climbed above the 61.8% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. The bulls even pushed the price above the $115,000 resistance level. However, there are many hurdles on the upside. Bitcoin is now trading below $115,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $114,000 level. The first key resistance is near the $115,000 level. The next resistance could be $116,000. A close above the $116,000 resistance might send the price further higher. In the stated case, the price could rise and test the $117,200 resistance and the 76.4% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. Any more gains might send the price toward the $117,250 level. The next barrier for the bulls could be $118,500. Another Drop In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $111,800 level. The first major support is near the $110,500 level. The next support is now near the $110,200 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,000, below which BTC might struggle to recover in the short 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 – $111,800, followed by $110,500. Major Resistance Levels – $115,000 and $116,000.

Bitcoin is testing a critical support level near $110,000 after being rejected from the $116,000 supply zone, a level that has now become a major point of contention between bulls and bears. The market remains fragile following the historic volatility from Friday’s crash, which erased billions in leveraged positions and triggered widespread uncertainty. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets While the price has managed to stabilize above key moving averages for now, momentum appears to be weakening as buyers struggle to absorb continued selling pressure. Some analysts warn that if Bitcoin fails to hold this zone, a deeper correction toward the $105,000–$107,000 region could follow, marking another shakeout before a potential recovery. Top analyst Axel Adler shared new data shedding light on the magnitude of Friday’s event. According to his analysis, spot trading volume surged to $44 billion, nearing cycle highs, while futures volume hit $128 billion. More notably, open interest declined by $14 billion, yet only $1 billion of that was from BTC long liquidations. Adler explains this was a controlled deleveraging event, not a liquidation cascade — suggesting that market participants reduced risk manually rather than being forced out. Still, volatility remains elevated as Bitcoin fights to maintain structural support. A Controlled Reset Amid Growing Fear According to Axel Adler, the recent market crash revealed an important yet underappreciated aspect of Bitcoin’s maturity. Data shows that 93% of the $14 billion decline in open interest (OI) during Friday’s sell-off wasn’t forced — meaning it wasn’t the result of automatic liquidations. Instead, traders and institutions chose to reduce leverage manually, closing positions to protect capital. Adler describes this as a “controlled deleveraging”, a stark contrast to previous cycles where similar crashes often triggered chaotic cascades of liquidations. This behavior marks a turning point in Bitcoin’s market structure. It indicates that participants — especially institutional players — are managing risk more prudently, reinforcing a more stable and mature trading environment. In past cycles, sharp liquidations often caused extreme volatility, magnifying losses across the board. This time, however, the market handled unprecedented stress with relative discipline. Still, despite this sign of structural maturity, the emotional landscape has shifted dramatically. As Bitcoin loses value and hovers near the $110,000–$112,000 support zone, fear is spreading across the market. Many short-term traders are exiting positions, while long-term holders are reassessing exposure amid rising uncertainty. Adler notes that this phase — where fear peaks and confidence wanes — often defines the next market direction. If demand returns at these levels, Bitcoin could confirm a healthy reset before the next rally. But failure to hold support may test investors’ conviction, potentially pushing BTC into a deeper corrective phase before broader accumulation resumes. Related Reading: Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again Bitcoin Holds Key Support, But Momentum Weakens Bitcoin is currently trading around $110,300, sitting directly on a key support zone after another round of selling pressure hit the market. The 4-hour chart shows BTC struggling to maintain upward momentum after failing to break above the $116,000–$117,500 resistance range, a level that previously acted as strong demand during earlier rallies. The rejection from this area triggered a sharp pullback, pushing BTC below both the 50 EMA (blue line) and the 200 EMA (red line) — a sign of weakening short-term structure. The price is now testing horizontal support around $110,000, which aligns with the late September consolidation range. A clean breakdown below this level could expose Bitcoin to further downside, with the next potential support around $106,000–$107,000. Related Reading: From $254M To $78.5B: Tron USDT Growth Drives Network Valuation Despite the bearish tone, oversold signals are beginning to appear on lower timeframes, suggesting that a temporary rebound is possible if bulls defend this zone successfully. For a sustainable recovery, Bitcoin must reclaim $114,000 and re-establish itself above the short-term moving averages. Until then, the market remains in a fragile equilibrium — with bulls defending key support and bears maintaining control of short-term momentum. The next few sessions will be decisive for BTC’s direction. Featured image from ChatGPT, chart from TradingView.com

Bitcoin continues to trade with high volatility following Friday’s brutal crash that sent prices as low as $103,000. Over the weekend, the market has struggled to find a clear direction, with bulls and bears locked in a tense battle around the $115,000 level. Sentiment remains divided — some analysts expect a consolidation phase before another leg higher, while others warn of a deeper correction if selling pressure intensifies. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets Adding to the uncertainty, new data from on-chain analytics firm Lookonchain has revealed massive withdrawals by wallets linked to Matrixport, a major crypto financial services platform. The move has sparked heavy speculation across the market, with investors debating whether this represents institutional accumulation, treasury reallocation, or preparation for potential selling. Matrixport, founded by former Bitmain co-founder Jihan Wu, is known for managing large-scale digital asset operations. As such, its actions often draw attention from analysts tracking institutional flows. For now, Bitcoin remains in a delicate position — consolidating near support, while large-scale whale movements keep traders on edge. Institutions Adjust Positions as Market Enters Choppy Phase As Bitcoin struggles to reclaim its recent all-time highs above $125,000, institutional activity has started to reflect a more cautious tone. The market appears to be entering a choppy, directionless phase — one defined by profit-taking, reallocation, and controlled derisking rather than panic. Long-term holders, who have accumulated substantial gains throughout the year, are beginning to trim positions, locking in profits as volatility remains elevated and macroeconomic uncertainty grows. The recent Matrixport activity fits neatly into this broader institutional trend. On-chain data from Lookonchain revealed that wallets linked to Matrixport withdrew 4,000 BTC (roughly $454 million) from Binance within 20 hours, a move that quickly caught the attention of traders and analysts. Such large transfers from exchanges are typically interpreted as a sign of strategic repositioning — either moving assets to custody, deploying them for institutional clients, or reallocating capital in response to shifting market dynamics. This follows a pattern seen across major crypto players in recent weeks. Institutional entities appear to be rotating funds, managing risk more proactively, and rebalancing exposure amid the heightened volatility triggered by Friday’s market crash. The broader context suggests not an exodus, but rather a strategic phase of recalibration. In essence, the Matrixport withdrawal underscores a market in transition — one where large players are still active but far more selective. As Bitcoin hovers between $113K and $118K, the coming days could define whether this cautious accumulation transforms into renewed confidence or if continued derisking keeps BTC trapped in consolidation before its next decisive move. Related Reading: Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again Bitcoin Price Analysis: Consolidation Deepens After Rejection Bitcoin continues to show signs of weakness after failing to reclaim the $117,500 resistance level — a key zone that has now acted as a rejection point multiple times over the past months. The daily chart shows BTC trading around $111,800, down roughly 3% in the last 24 hours, as volatility remains elevated following last week’s sharp correction. The 50-day moving average (blue line) has started to flatten, signaling a potential short-term shift in momentum, while the 100-day MA (green line) is acting as dynamic support near $111,000. A decisive breakdown below this area could expose Bitcoin to a deeper correction toward the 200-day MA (red line), currently sitting around $106,000 — a level that has historically served as a strong accumulation zone. Related Reading: Bitmine Receives 23,823 Ethereum From BitGo As Institutional Accumulation Continues On the upside, bulls must reclaim $117,500 to regain control and reestablish a bullish structure. However, the repeated failures to sustain above this range reflect growing indecision and possible profit-taking by institutions and long-term holders. The market appears to be consolidating within a broad range, with traders awaiting confirmation of direction. A clean push above $117,500 would open the door for recovery, while a close below $110,000 could increase bearish momentum in the short term. Featured image from ChatGPT, chart from TradingView.com

Following Bitcoin’s (BTC) brutal sell-off on October 9, which saw the top cryptocurrency by market cap flash crash to $102,000 before recovering most of its losses, on-chain signals now show that there has been a noticeable decline in the Bitcoin network usage for most of 2025. Bitcoin On-Chain Fundamentals Losing Strength? According to a CryptoQant Quicktake post by contributor TeddyVision, Bitcoin’s Network Activity Index has been consistently trending below its 365-day moving average (MA) for most of 2025. The decline shows a structural slowdown in the Bitcoin network’s on-chain usage. Related Reading: Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price? For the uninitiated, the Bitcoin Network Activity Index measures how actively users are interacting on-chain – tracking metrics like transaction counts, active addresses, and transfer volumes. A rising index suggests growing organic usage and adoption, while a declining one indicates slowing network engagement. To recall, the Bitcoin network activity surged ahead of price back in 2023-24. At the time, Bitcoin price witnessed organic expansion in price, primarily driven by genuine on-chain usage. However, the trend has changed significantly in 2025. For the most part, this year saw Bitcoin liquidity circulating off-chain, while on-chain traffic has dwindled. As a result, the Network Activity Index has tumbled below the 365-day MA. That said, BTC price has held between $100,000 to $120,000, creating a widening gap between the digital asset’s valuation and network fundamentals. The CryptoQuant analyst remarked: Capital keeps rotating, but not expanding – most flows happen off-chain, through ETFs, custodians, and synthetic exposure, while genuine on-chain demand remains subdued. TeddyVision stated that the recent capital rotation in the Bitcoin market is not indicative of its strength, but rather it is just “momentum running on fumes.” The analyst added that when the Bitcoin network usage stagnates while price keeps on increasing, valuations stop reflecting adoption and start tracking assumptions. To conclude, although Bitcoin is not collapsing just yet, the fall in its network usage activity speaks volumes about its falling fundamentals. That said, all may not be over for BTC just yet. In an X post, crypto analyst Titan of Crypto noted that the Bitcoin bull market is not over yet. The analyst stated that a Bitcoin bear market will only start if it loses the 50-day Simple Moving Average (SMA) on the weekly chart. Q4 2025 Bullish For BTC? While the recent flash crash to $102,000 may have spooked BTC bulls, several industry experts are still confident that the digital asset will continue to make new record highs in the last quarter of 2025. Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October Crypto market expert Ash Crypto recently predicted that BTC is likely to hit as high as $180,000 in Q4 2025. Similarly, fresh data from Binance suggests that BTC could be on track to $130,000. In the same vein, noted crypto analyst Egrag recently forecasted that BTC only needs a minor catalyst to surge to $175,000. At press time, BTC trades at $114,076, up 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

Bitcoin price corrected losses and traded above the $114,200 level. BTC is now struggling and might face hurdles near the $116,000 level. Bitcoin started a recovery wave above the $114,000 resistance level. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $119,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $112,500 zone. Bitcoin Price Faces Hurdles Bitcoin price started a recovery wave above the $110,000 pivot level. BTC recovered above the $112,500 and $113,200 resistance levels. The price climbed above the 50% Fib retracement level of the main drop from the $123,750 swing high to the $100,000 low. The bulls even pushed the price above the $114,000 resistance level. However, there are many hurdles on the upside. Bitcoin is now trading below $116,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $119,250 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $115,000 level. The first key resistance is near the $116,000 level. The next resistance could be $118,150 and the 76.4% Fib retracement level of the main drop from the $123,750 swing high to the $100,000 low. A close above the $118,150 resistance might send the price further higher. In the stated case, the price could rise and test the $119,250 resistance and the trend line. Any more gains might send the price toward the $120,000 level. The next barrier for the bulls could be $122,500. Another Drop In BTC? If Bitcoin fails to rise above the $115,000 resistance zone, it could start a fresh decline. Immediate support is near the $113,600 level. The first major support is near the $112,500 level. The next support is now near the $111,200 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $110,000, below which BTC might struggle to recover in the short 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 – $113,500, followed by $112,500. Major Resistance Levels – $115,000 and $116,000.

An analyst has revealed the key Bitcoin charts that could be to keep an eye on while Bitcoin is slowly making recovery from its latest crash. These Bitcoin Charts Could Be Ones To Watch In a shock to the market, Bitcoin ended last week with a steep crash, falling from above $122,000 to below $110,000. The coin managed to make some recovery on Sunday, and that rebound has held so far into Monday. Related Reading: XRP Whales Are Selling: $50 Million Exiting Wallets Every Day However, while BTC appears to be rebuilding its structure, its direction remains unclear, as noted by CryptoQuant community analyst Maartunn in an X thread. Maartunn has shared a few key charts that could determine whether the recovery will hold or fade. First, the analyst has revealed a chart that points out a similarity between the recent Bitcoin price action and the November 2021 bull market top. As displayed in the above graph, BTC broke above its weekly resistance with the recent price rally, but immediately fell below the line after the crash. A similar failed breakout also took place back in November 2021. According to Maartunn, such a trend typically signals exhaustion. On-chain data also suggests the cryptocurrency is currently trapped below a notable resistance level, as the chart for the UPRD shows. The UTXO Realized Price Distribution (URPD) here is an indicator that tells us about the amount of Bitcoin that was last purchased/transferred at the various price levels that the asset has visited in its history. From the metric’s chart, it’s visible that a significant amount of supply has its cost basis between $117,500 to $120,000. The holders of these coins would naturally be underwater right now, so there is a chance that if BTC recovers to their break-even level, they might panic sell, fearing going into losses again. Given the scale of the supply involved, selling pressure of this kind could be notable on a retest of the range, potentially making it a major resistance barrier for the asset. A support level that could be key is the average cost basis or Realized Price of the short-term holders (STHs). The line has historically helped the asset find a rebound during bullish trends, with three instances of the trend occurring within the last six weeks alone. The analyst has warned, however, that conviction among the cohort is fading. Related Reading: Bitcoin Investors Pivoting To Accumulation, But Mega Whales Are Still Selling The Market Value to Realized Value (MVRV) Ratio suggests profitability among the Bitcoin STHs has been following a long-term decline, with the boundary level of 1 again being retested. “If this level breaks, expect downside. If it holds, it confirms demand — but manage risk accordingly!” noted Maartunn in the thread. BTC Price At the time of writing, Bitcoin is floating around $114,100, down over 8% in the last seven days. Featured image from Dall-E, CryptoQuant.com, charts from TradingView.com

Top crypto analyst Capo has indicated that the Bitcoin price crash is not over. This comes amid a rebound in the flagship crypto, which has climbed from the lows recorded during the recent crypto market crash.  Analyst Predicts 30% Drop For The Bitcoin Price In his latest market update, Capo predicted that the Bitcoin price could still drop another 30%. This came as he noted that the flagship crypto remains above $100,000, far from the $60,000 to $70,000 range that would align with a complete market correction. He added that until then, the downside potential remains significant.  Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October This market update comes amid the crypto market crash last Friday, when Bitcoin fell to as low as $104,000 following Trump’s announcement of a 100% tariff on China. $19 billion was wiped out from the crypto market, marking the largest liquidation event ever. Capo opined that the event was likely the ‘pre-Black Swan event’ and the first phase of something larger.  The analyst noted that altcoins have already seen historic capitulation, but that several major coins still haven’t fully flushed. Capo asserted that the wicks should eventually be filled and that lower levels may still be ahead for the Bitcoin price and the broader crypto market. Meanwhile, he mentioned that a brief consolidation over the weekend was likely but that more downside should follow this week as the global markets open.  The Bitcoin price bounced over the weekend, reaching as high as $116,000, as long positions piled up again following the wipeout. Crypto analyst The King Fisher highlighted upside liquidity of up to $118,000, noting that “weekends are for BTC range liquidations fishing.” It is worth mentioning that BTC had also rebounded thanks to Trump’s statement on Sunday, in which he allayed fears of a full-blown trade war with China.  Bull Market Is Not Done Yet Crypto analyst Titan of Crypto assured that the bull market is not yet, indicating more upside for the Bitcoin price. The analyst explained that the bull market starts when BTC reclaims its 50 SMA and that the bear market starts when it loses it. The flagship crypto also achieved a weekly candle close above $112,000, which confirmed Titan of Crypto’s thesis.  Meanwhile, crypto analyst Jelle noted that the Bitcoin price is back at the $115,000 resistance area. He further remarked that a successful reclaim of this level could send the flagship crypto to a new all-time high (ATH). BTC had hit a new all-time high above $126,000 before last week’s crash, which erased its October gains.  Related Reading: Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing At the time of writing, the Bitcoin price is trading at around $115,100, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Following the massive crash that Bitcoin and the entire crypto market suffered over the weekend, the Fear & Greed Index has been pushed down to its lowest level in the last six months. This index, which measures the market sentiment and shows on a scale how investors are feeling about the crypto market, has now fallen back into the Extreme Fear territory. The number on the scale now shows the lowest level it has been since the market crash back in April 2025. Bitcoin Fear & Greed Index Sees Major Crash The Bitcoin Fear & Greed Index uses a number of factors to determine how investors are feeling about the market. It takes into account things like volatility, social sentiment aggregated across different social media platforms, market volume and momentum, and market dominance to come to a figure. Related Reading: Crypto Crash: $19.5 Billion Wiped Out In Record-Breaking Liquidation Event The data is aggregated, which puts it on a scale of 1-100, with 1-25 being Extreme Fear, 26-46 being Fear, 47-54 being Neutral, 55-75 representing Greed, and 76-100 representing Extreme Greed. Each of these shows either bullishness, bearishness, or nonchalance in the market. The most recent data shows that the Bitcoin Fear & Greed Index crashed to 24 on Sunday. This puts the index firmly in Extreme Fear territory, suggesting that investors are extremely cautious at this point. It also shows a reluctance to enter into any positions at this time. This is the result of the massive liquidation event that happened last Friday, with crypto traders losing over $19 billion in one day. Thus, it is no surprise that fear has gripped the market. However, this would also present a unique opportunity in the market. Buy When The Market Is Bleeding One of the oldest sayings in the financial world is to “buy when there is blood on the streets.” This represents times of extreme losses, where most investors are scared to put their money in the market. Thus, with the market teetering on Extreme Fear, it could be the time to buy. Related Reading: XRP’s 2017 Pattern Returns In 2025, Analyst Predicts Massive Rally The last time that the market declined into Extreme Fear this low was back in April 2025, and what followed was a rally that saw the Bitcoin price reach new all-time highs in May 2025. If this trend holds, then the market could be looking at a possible rapid increase. By Sunday, the market was already recovering, with the Bitcoin price crossing $114,000 and Ethereum making its way back above $4,000. It is still quite early to tell if the market is in a full recovery trend, but with prices already bouncing, it could signal the next wave of gains. Featured image from Dall.E, chart from TradingView.com

Bitcoin price corrected losses and traded above the $114,000 level. BTC is now struggling and might face hurdles near the $116,000 level. Bitcoin started a recovery wave above the $113,500 resistance level. The price is trading below $116,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $119,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $113,500 zone. Bitcoin Price Starts Recovery Bitcoin price started a recovery wave after a massive liquidation event below $110,000. BTC recovered above the $111,500 and $112,000 resistance levels. The price climbed above the 50% Fib retracement level of the sharp decline from the $123,750 swing high to the $100,000 low. The bulls even pushed the price above the $113,500 resistance level. However, there are many hurdles on the upside. Bitcoin is now trading below $116,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $119,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $116,000 level. The first key resistance is near the $116,250 level. The next resistance could be $118,000 and the 76.4% Fib retracement level of the sharp decline from the $123,750 swing high to the $100,000 low. A close above the $118,000 resistance might send the price further higher. In the stated case, the price could rise and test the $119,500 resistance and the trend line. Any more gains might send the price toward the $120,000 level. The next barrier for the bulls could be $122,500. Another Decline In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $114,000 level. The first major support is near the $113,500 level. The next support is now near the $113,500 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might struggle to recover in the short 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 – $113,500, followed by $112,500. Major Resistance Levels – $116,000 and $118,000.

As an aftermath of the October 10 market crash, where Bitcoin’s price reached levels as low as $101,500, the market is exhibiting a recognizable bearish on-chain structure. While the selling momentum seems to be slowing down, giving a sliver of hope to potential market participants, recent on-chain analysis seems to point towards caution as the more correct sentiment to have in the short term. Realized Profits Climb As High As $2.25 Billion  In an October 11 post on social media platform X, technical and on-chain analyst Darkfost revealed that a lot of Bitcoin investors might still be taking profits from their last buys.  Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone In the post on X, Darkfost cited results obtained from the Net Realized Profit/Loss [USD] 7 Day MA indicator. This metric keeps tabs on the average daily difference between the total amount of realized profits and losses of transactions over the past seven days. For context, realized profits refer to the total amount in USD of Bitcoin sold at prices higher than the levels of purchase, showing that investors are selling in the green. On the other hand, realized losses reflect the total Dollar worth of Bitcoin sold below their cost of purchase. The analyst put it out that the 7-day moving average of the Net Realized Profit/Loss metric recently reached a peak of $2.25 billion, the fourth-highest level seen in the current market cycle. Meanwhile, the metric’s weekly average holds well above $1.6 billion, indicating that profit-taking is still at a high level. Darkfost noted that if the Bitcoin market continues to witness this magnitude of profit-taking, it might be a while before the premier cryptocurrency switches from its current bearish sentiment to a more optimistic one.  $99,000-$104,000 May Be The Next Price Support In another post on X, cryptocurrency pundit Ted Pillows pointed out the $99,000-$104,000 region as the next possible support if the Bitcoin price were to keep sliding.  According to the analyst’s post on X, this price range has a decent amount of spot bids sitting within it, enough to act as a support zone to keep the Bitcoin price afloat. The next market trajectory thus seems to depend on whether investor profit-taking would remain high. In the scenario where it does, the $99,000-$104,000 price range might be the next zone to keep an eye out for. In an upside scenario, Pillows explained that the $119,000 price level and other zones above hold most of the sell orders currently in the market. As of this writing, Bitcoin is worth approximately $111,772, reflecting an over 1% gain in the past 24 hours. Related Reading: Bitcoin Whale Activity Reflects Sustained Confidence As $163K Comes In Sight — Details Featured image from iStock, chart from TradingView

The Bitcoin market suffered a heavy crash on Friday after US President Donald Trump confirmed plans to place a 100% tariff on Chinese goods. The planned order, which was in response to an initial export tax order by the Asian superpower, shook financial markets globally, resulting in total crypto liquidations of $19 billion.  However, the market has stabilized in the past few hours with Bitcoin prices now consolidating around $111,000. While investors await the next price movement, a prominent analyst with the X username PlanD has shared two important conditions for the next bullish wave. Related Reading: Bitcoin Price Drops Toward $117,000: What Lies Ahead? Three Possible Scenarios 2 Important Bitcoin Levels To Watch – Analyst  In a recent X post on Saturday, PlanD shares an updated technical analysis of the Bitcoin market following recent volatility in the market. The analyst explains that the macro-induced crash on Friday resulted in a heavier market correction than expected, pulling prices to around $109,600.  Notably, this region, which is the lower boundary of a symmetrical triangle on the daily chart, acted as an effective price support, confirming the technical bottom of the price crash. Importantly, PlanD notes that the recent price drop does not signify a break in Bitcoin’s broader bullish trend, but rather serves to flush out excessive altcoin leverage in the futures market. In addition to the symmetrical triangle pattern, the Bitcoin chart also presents a bull flag pattern, both of which are bullish formations that remain valid. With excessive leverage cleared and funding rates normalizing, Bitcoin could regain stability and attract buying interest that could launch another upswing.  However, the crypto analyst explains that one critical condition to maintaining this bullish structure is that Bitcoin bulls must maintain price above the psychological support level of $109,600.  Thereafter, the premier cryptocurrency must also reclaim a key resistance zone $115,900 – $117,000, thereby reinforcing its bullish intent and the viability of both bullish formations.  In this case, PlanD tips Bitcoin to race to the symmetrical triangle price target at $134,000 and the bull flag target at $160,000, respectively, representing a potential price gain of 21% – 45%. Related Reading: XRP Leading A $400 Trillion Revolution? How Ripple’s Tokenization Campaign Is Sparking Utility Bitcoin Price Overview At the time of writing, Bitcoin trades at $111,700 following a 0.31% price fall in the last day, following the recent flash crash. Meanwhile, the asset’s daily trading volume is down by 49.75% and valued at $88.74 billion. PlanD is backing Bitcoin’s long-term bullish potential, having described the macro-induced crash as a “precursor” to a major price takeoff, as seen in March 2020.  With a market cap of $2.21 trillion, Bitcoin retains its rank as the largest cryptocurrency with a market dominance of 58.2%. Featured image from Flickr, chart from Tradingview

Bitcoin appears to be quietly gathering strength beneath the surface. After a healthy pullback that shook out weak hands, the market is showing signs of renewed momentum. Key technical signals suggest this correction may have been a setup for the next major rally, potentially paving the way for a new all-time high. Healthy Correction Within A Dominant Uptrend EtherNasyonaL, in a recent post, highlighted that Bitcoin continues to maintain its upward trajectory despite recent market fluctuations. The analyst described the latest movement as a healthy correction within the broader bullish trend, emphasizing that such retracements are natural in a sustained rally. Related Reading: Bitcoin Pauses Below Key Levels – Can It Regain Momentum For A Rally? Following a rejection from the supply zone, Bitcoin found strong support at a key demand area, where buyers quickly stepped in to defend the price. This rebound underscores the underlying strength of market participants and reaffirms that bullish sentiment remains dominant. EtherNasyonaL noted that short-term volatility, for traders not involved in leveraged positions, often appears as noise in the bigger picture. BTC’s macro trend is still positive, and the ongoing correction may simply serve as fuel for the next leg higher. Overall, Bitcoin’s structure remains solid, with its trend intact and momentum still alive.  Bullish Spring Formation Points To Possible Breakout Setup Crypto analyst Christopher Inks, in an X post, noted that Bitcoin’s latest price action has refined its trading range, offering a clearer market structure. He suggested that the asset may have just formed a heavy spring or bullish Swing Failure Pattern (SFP), a setup that often precedes strong upward movement.  Related Reading: Here’s Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High If this bullish setup holds, the analyst expects a validation phase, where Bitcoin could form a higher low on lower volume, a classic sign of successful testing. Such a move would confirm the spring’s strength and potentially trigger momentum toward a new all-time high (ATH). This phase is critical in determining whether the next major rally is about to begin. Inks also pointed to Open Interest (OI) as a key confirmation tool. A decline in open interest as price consolidates would suggest short covering and validate the bullish test. On the other hand, rising OI on lower closes would imply continued distribution, signaling that the market may need more time before reversing decisively. From an Elliott Wave Theory (EWT) perspective, Inks identified a three-wave structure from the swing low while printing a new swing high that fits a flat correction pattern. Since flat corrections often occur before the continuation of a larger uptrend, this analysis aligns with the Wyckoff interpretation, suggesting Bitcoin’s structure remains strong and poised for another upward leg. Featured image from Pixabay, chart from Tradingview.com

Bitcoin began October on a strong bullish note, gaining by over 12% to establish a new all-time-high price around $126,100. However, the recent days have presented a troubling amount of selling pressure, especially in the last few hours due to tariff threats from the United States’ President Donald Trump. Amidst this highly volatile environment, on-chain data has also surfaced, highlighting market whales’ confidence in the market. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone Bitcoin Whales Are Holding Their Ground In a QuickTake post on the CryptoQuant platform, a market analyst with the username PelinayPA revealed that there is very little exchange activity among the Bitcoin whales despite the recent fall in Bitcoin’s price. The premier cryptocurrency initially fell below $120,000 on Friday to find support around $116,000 before US President Donald Trump’s statement on tariffs forced a flash crash to around $101,000.  Notably, PelinayPA’s report was based on the Exchange Whale Ratio (EWR), a Binance metric, which tracks the proportion of BTC inflows to the exchanges originating from the top 10 largest addresses. This metric is useful, as it helps analysts assess if large investors are creating increased sell pressure or easing off on the bearish momentum. A high EWR reading, of values above 0.5,  typically indicates high whale inflow to exchanges, either to sell their holdings or exchange for other crypto assets. By extension, increasing exchange activity reflects on price as a boost to its bearish momentum. On the flip side, when the EWR is low, less than 0.3, it usually means that there is low whale activity across exchanges and less of the cryptocurrency is being traded by its top holders. Interestingly, this conjecture is backed by historical occurrences. Before the 2021 bull market top, PelinayPA notes that EWR spikes were indicating that whales were preparing to sell their holdings.  Nearing the end of the 2022 bear market, it is also worth noting that EWR levels were sustained beneath 0.3, showing accumulation and preparation for a bullish run. The analyst also pointed to the EWR levels from 2024 to 2025. From 2024, “as Bitcoin’s price climbed above $100,000, EWR stabilized around 0.3 and showed fewer sharp surges,” indicating that whales might have been maintaining their positions rather than selling off their holdings. Currently, the EWR levels still stand at 0.3, amidst recent price drops reflecting the Bitcoin whales’ holding a “neutral to supportive” stance with no indication of heavy scale distribution.  Related Reading: Dogecoin (DOGE) Holds Key $0.25 Level as New ETF and Whale Activity Spark Breakout Hopes What Next For Bitcoin? Looking ahead, Bitcoin’s next move will likely hinge on how traders respond to shifting macroeconomic conditions and key technical levels. If the EWR rises toward the 0.5 zone, it could indicate growing distribution pressure, meaning that whales may begin transferring holdings to exchanges in anticipation of a market top.  However, if EWR trends lower instead, it would reinforce the current bullish structure, showing that major holders are keeping coins off exchanges and maintaining confidence in the rally. PelinayPA predicts this sustained low EWR would push Bitcoin toward the $163,000 range. Nevertheless, investors may commence profit-taking around $150,000, which represents a psychological resistance. As of press time, Bitcoin is worth $110,517, with a significant loss of nearly 8.36% in value in just 24 hours. Featured image from Pexels, chart from Tradingview

The Bitcoin price has experienced a notable decline of 6% from its all-time highs, leading to significant liquidation events that approached $200 million on Friday, while sparking renewed speculation about the cryptocurrency’s future trajectory.  Analysts from The Bull Theory attribute the current slump to geopolitical developments, specifically President Donald Trump’s announcement of substantial tariffs and export controls on Chinese goods, particularly affecting key industrial and strategic materials. How Tariff Risks Are Impacting The Bitcoin Price The implications of these tariffs, according to the analysts, are multifaceted, introducing risks that could disrupt supply chains, accelerate inflation, and slow global trade.  Related Reading: Why The Dogecoin Price Could Surge 3,690% To $9.8 This Bull Cycle Several factors are contributing to Bitcoin’s sell-off at this time. First, there is a notable risk rotation occurring, with investors seeking refuge in safer assets such as cash and gold.  Second, the looming tariff risks could lead to rising inflation, potentially delaying anticipated rate cuts. Third, the unwinding of short leverage positions is impacting alternative cryptocurrencies and leveraged Bitcoin holdings, exacerbating the downward trend.  Lastly, the uncertainty surrounding trade policies has created an “uncertainty premium,” prompting markets to demand a discount until a clearer picture emerges. Drawing parallels to past market behavior, the analysts recall that threats of tariffs in 2025 precipitated a significant crash in the Bitcoin price and other cryptocurrencies. These recent moves appear to serve as liquidity probes, testing the market’s resilience and flushing out weaker hands before a potential recovery phase. Analysts Predict Positive Outlook For BTC Looking ahead, The Bull Theory suggests market participants should be vigilant about BTC’s nearest key support zone, particularly around the $116,000 mark, where buyers have historically returned.  Additionally, they assert that the reaction of policymakers will be crucial; if the Federal Reserve (Fed) signals a willingness to ease monetary policy, a sharp rebound could follow. Conversely, if Trump’s rhetoric regarding tariffs diminishes or becomes more defined, it is expected that confidence in the market may be restored. In the short term, analysts anticipate continued downside volatility with potential retests of support levels. However, the medium-term outlook suggests that savvy investors may begin accumulating Bitcoin as the prevailing narrative weakens.  Long-term, with anticipated rate cuts and the historically strong performance of markets in the fourth quarter, the prospects for the Bitcoin price appear promising. As liquidity returns and market momentum builds, the path forward for Bitcoin often trends upward. BTC At $130,000 By Month-End? Market expert Timothy Peterson has also weighed in, noting that half of Bitcoin’s gains for October may have already been realized, according to artificial intelligence (AI) simulations.  Related Reading: Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants The analysis presented earlier this week a 50% chance that the Bitcoin price will finish the month above $140,000, and a 43% probability it would end below $136,000.  However, following the recent Bitcoin price drop, the updated AI forecast suggests an expected month-end value of around $130,000, representing an 11% increase from the current price of approximately $117,300.  Despite this, there is now an 18% chance that ‘Uptober’ could conclude negatively, adding another layer of uncertainty to the market’s outlook. Featured image from DALL-E, chart from TradingView.com 

The spot Bitcoin ETFs (exchange-traded funds) have been in solid form over the past two weeks, laying a foundation for the strong price action experienced by the premier cryptocurrency recently. According to market data, the crypto-linked investment products opened the week with a daily inflow record of over $1.21 billion. As of this writing, with data from Friday’s trading session yet to be included, the US-based Bitcoin ETFs are currently on a nine-day streak of positive inflows. However, a focused look into the inflows trend shows that this data point doesn’t fully tell the story. Do Bitcoin ETFs’ Performance Depend On BlackRock’s IBIT? In a recent post on the X platform, market analyst CryptoOnchain stated that the latest data shows a major divergence in the US-based Bitcoin exchange-traded fund market. According to the on-chain pundit, the capital flow has been mostly positive because of BlackRock’s iShares Bitcoin Trust (IBIT). Related Reading: Bitcoin 4-Year Cycle Marks A Turning Point: Analyst Explains Why This Time Is Different Breaking down the trend with the Bitcoin ETFs, CryptoOnchain labeled BlackRock’s IBIT as the “market’s shock absorber,” mopping up the heavy sell-side liquidity. The largest Bitcoin exchange-traded fund by net assets has not posted an outflow day in October, with a $4.21 billion inflow so far. On the other hand, the second-largest BTC ETF Fidelity Wise Origin Bitcoin Fund (FBTC) has had a mixed performance in recent days, signaling a trend of portfolio rebalancing amongst their investors. Meanwhile, Grayscale’s GBTC has struggled with muted capital performances, interspersed with some daily net outflows. CryptoOnchain also highlighted the Invesco Galaxy Bitcoin ETF (BTCO), which witnessed a major one-day outflow, which precipitated significant market pressure. However, the net positive activity of BlackRock’s IBIT kept the BTC price afloat at the time. CryptoOnchain noted that any slowdown in capital inflows for the iShares Bitcoin Trust could significantly weaken the bullish momentum of the BTC price. However, it is worth mentioning that the Bitcoin price is currently under intense downward pressure due to the looming trade war between the United States and China. As of this writing, Bitcoin is valued at around $112,143, reflecting an over 7% downturn in the past 24 hours. Bitcoin Institutional Demand Remains Steady: Glassnode Before the market downturn triggered by US President Donald Trump’s tariff rumors and eventual announcement, the Bitcoin price had managed to stay above $120,000. In an earlier October 10 post on X, Glassnode shared that the Bitcoin ETFs might have helped keep the premier cryptocurrency afloat. Related Reading: Bitcoin Foundation Has Changed: Cycle 4 Is Redefining Long-Term Market Trend – Here’s How According to the on-chain firm, the exchange-traded funds have continued to record capital inflows despite BTC’s mild pullback from its all-time high. “This suggests structural buying is still underpinning the market, helping to absorb volatility and stabilize price action,” Glassnode concluded. Featured image from iStock, chart from TradingView

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s move, which has ignited fears of a full-blown trade war with China.  Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while Dogecoin broke below the psychological $0.2 level and fell to $0.11.  Related Reading: Institutions Dump Massive Amounts Of Bitcoin And Ethereum As XRP And Solana Buying Ramps Up This massive crash in Bitcoin, Ethereum, and Dogecoin followed Trump’s Truth Social post, in which he announced that the U.S. will impose a 100% tariff on China, over and above any tariffs they are currently paying, starting on November 1. He added that they will also impose Export Controls on any and all crucial software from China starting on November 1.  Notably, Trump had earlier in the day threatened to massively increase tariffs on China, while stating that the country was becoming hostile. This initial threat caused Bitcoin to sharply drop below $120,000 from a high of around $122,000. Meanwhile, the Ethereum and Dogecoin prices also faced sharp declines.  Bitcoin was trading around $116,000 when Trump announced a 100% tariff on China, which sent the crypto market into a spiral. BTC’s further decline also pushed Ethereum and Dogecoin to intraday lows of $3,400 and $0.11, respectively, extending their market losses. Meanwhile, these massive declines for the crypto assets contributed to the largest liquidation event in crypto’s history.  CoinGlass data shows that $20 billion has been wiped out from the crypto market in the last 24 hours, driven by crashes in Bitcoin, Ethereum, and Dogecoin prices. This liquidation event was larger than the COVID-19 crash and the FTX bankruptcy crash.  Exchanges May Have Contributed To The Crash BitMEX co-founder Arthur Hayes suggested that crypto exchanges may have contributed to the crash in the Bitcoin, Ethereum, and Dogecoin prices. In an X post, he stated that the word on the street is that big CEX’s auto liquidation of collateral ties to cross-margined positions is why many altcoins “got smoked on the move down.” He congratulated those who bought the dip, stating that market participants are unlikely to see those levels again anytime soon on many high-quality altcoins.  Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October Crypto analyst Kevin Capital opined that the drop in Bitcoin, Ethereum, and Dogecoin prices was caused by serious issues across top exchanges like Robinhood, Coinbase, and Binance. He added that what makes it even worse is that these exchanges didn’t let people buy the dip at the lowest point. Featured image from iStock, chart from Tradingview.com

Bitcoin and the general crypto market have witnessed another significant downturn this year, with prices falling by double digits in the late hours of Friday, October 10. This bearish pressure started when rumors of a trade war between the United States and China emerged in the early hours of Friday. The downward pressure intensified after US President Donald Trump declared that the US would impose a 100% tariff on Chinese goods. As a result of this announcement, over $5.5 billion was liquidated from the crypto market in less than an hour, with the Bitcoin price briefly falling to as low as $101,500. Is This BTC Whale Linked To The US Government? In a recent post on X, on-chain analyst Maartunn highlighted a specific Satoshi-era Bitcoin investor who might have expected this downturn way before it happened. A look at the trader’s market moves suggests that the large BTC holder almost always knows something the market doesn’t. Related Reading: Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000 While the price of Bitcoin steadily dropped towards $117,00 during the day, blockchain analytics platform Lookonchain revealed that this Bitcoin OG kept piling up their short positions up to $1.1 billion. Following the BTC crash below $110,000, this large investor made a profit of over $160 million, leading to speculations about them having insider information. Maartunn went further to highlight the large holder’s activities in the past few months. According to the analyst’s post on the social media platform X, this Bitcoin OG started selling part of their 86,000 Satoshi-era BTC stash when prices peaked around August 2025. Similarly, the BTC whale took to shaving off their holdings again when the Bitcoin price ran up to new highs in early October. What’s more interesting is that the Satoshi-era investor soon opened leveraged short positions on both Bitcoin and Ethereum on the Hyperliquid platform. Maartunn thought that the timing of these trades might be interesting, especially as the general crypto market soon witnessed a downturn due to President Trump’s tariff announcement. The on-chain analyst then concluded that the “Satoshi-era OG have insider ties to the US government.” Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $113,250, recovering swiftly from the plunge to around $101,500. However, the premier cryptocurrency is still down by nearly 7% in the past 24 hours. Related Reading: Bitcoin Dominance Dilemma – Why Capital Flows Back To BTC Before Fuelling Altcoin Rally Featured image from iStock, chart from TradingView

Following a new all-time high (ATH) of $126,199 on Binance, Bitcoin (BTC) is now consolidating in the low $120,000 range. Latest exchange data – such as Cumulative Volume Delta (CVD) Confirmation Score – suggests that BTC is benefitting from strong underlying demand. CVD Confirmation Shows Strong Demand For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s CVD Confirmation Score – a 30-day rolling correlation between Bitcoin’s price and the CVD – is suggesting a strong resynchronization of the trend. Related Reading: Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price? For the uninitiated, the CVD Confirmation Score measures the 30-day correlation between Bitcoin’s price and the CVD, which tracks the net difference between taker buy and sell volumes on exchanges. A high score (above 0.7) indicates that price increases are backed by real buying pressure, while a low or negative score suggests weak or speculative momentum. Latest data from Binance shows that the CVD Confirmation Score currently hovers around 0.8 to 0.9, indicating that the current price surge is largely driven by genuine taker buying rather than a technical bounce or a short squeeze. Past data also suggests that whenever this data point has remained about 0.7 for an extended period, price corrections tend to be relatively shallow and short-lived. This is because new liquidity in the market quickly absorbs any incoming supply of BTC. The CryptoQuant analyst remarked that if the CVD Confirmation Score continues to hover above 0.7 – coupled with a decisive breakout above the $124,000 – $126,000 resistance zone – then it could be on its way to a potential target of as high as $135,000. However, any negative divergence with BTC price rising and CVD Confirmation Score dropping below 0.4 should be seen as a warning sign, as it increases the likelihood of distribution or liquidation pressure. Conversely, the $112,000 – $115,000 and $108,000 – $110,000 stand out as strong support levels for BTC. At these price levels, the CVD Confirmation Score should remain steady to ensure the uptrend remains intact. Arab Chain added: The underlying trend is bullish and supported by real inflows on Binance, the highest-volume exchange globally. Monitor three confirmation signals: CVD Confirmation stays high, open interest remains moderate, and funding does not become excessive. Any clear imbalance across these metrics will be the first warning of a momentum shift. Is BTC Due For A Correction? While bulls are hoping for an extended rally for BTC, some analysts aren’t quite convinced about the digital asset surging to new highs in the near term. For instance, crypto analyst ZVN recently stated that BTC may witness a pullback before its next surge to $150,000. Related Reading: Short-Term Holder Supply Rises By 559K Bitcoin – New Buyers Flood the Market Similarly, fellow crypto analyst Dick Dandy recently predicted that BTC may witness a massive 60% price correction, falling all the way down to $43,900. At press time, BTC trades at $118,791, down 1.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

The cryptocurrency market, a landscape famed for its volatility and rapid innovation, operates on a rhythm dictated by the dominance of Bitcoin and the subsequent explosion of Altcoins. This pattern is proof that the market still moves to BTC’s beat, positioning it as the unseen conductor of this vast digital sector. How Bitcoin Dominance Peaks Before Altcoin Euphoria In an X post, Swissblock has mentioned that the Bitcoin and Altcoin cycle continues to indicate that the crypto market remains firmly anchored to BTC dominance. Despite the rise of narratives and market behavior, the market is now approaching the full BTC season zone, a phase where capital seeks safety and structure within BTC. Related Reading: Lower Bitcoin Dominance Reinforces Altcoin Strength — Here’s How However, this cycle has an interesting nuance that dominance isn’t surging higher as expected, but stabilizing, hinting at early signs of rotation readiness. BTC still leads the narrative, commanding attention and confidence, but the dominance curve appears to be plateauing.  If BTC can maintain its stability while altcoin impulses broaden, the market could soon evolve from a BTC-led phase into a mixed regime, a stage where altcoin leadership will begin to re-emerge. Leading full-time crypto trader and investor, Daan Crypto Trades, has also recently offered a key technical perspective on the current state of the crypto market, Bitcoin Dominance, and its implications for a potential all-time high (ATH) breakout. According to Daan’s analysis, BTC has been steadily outperforming altcoins in recent weeks, a dynamic he views as healthy and necessary for the broader market. As BTC dominance rises, capital and attention consolidate around BTC, reinforcing confidence and creating the conditions needed for a convincing break toward ATH. The analyst noted that this phase of BTC strength could extend further, potentially pushing BTC dominance as high as 60% before altcoins begin to catch up again. He believes that this dominance rally may be a bounce within a larger downtrend on the BTC dominance chart. Despite the shift, Daan maintains a balanced approach, keeping a 50/50 split portfolio between BTC and ETH altcoin spot positions, a strategy he has held for some time. Why Bitcoin Strength Still Matters While Bitcoin dominance is trending up, Koroush AK, Founder of ZCTraders, highlighted that as long as BTC’s price maintains above the 0.382 Fibonacci retracement level around $119,400, altcoins won’t enter panic mode. In addition, the broader market will continue positioning for potential all-time high breakouts. Related Reading: Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now However, BTC may experience a short-term pullback toward the midpoint at around $116,000. Thus, if BTC remains resilient above current support, an extension toward $125,000 could trigger a clean breakout to new highs, reaffirming bullish market structure. Koroush also addresses the psychology behind this kind of trading approach, that a disciplined trader must always prepare for two scenarios when trading. Featured image from Pixabay, chart from Tradingview.com

New Bitcoin (BTC) price forecasts suggest that the leading cryptocurrency could cross $140,000 before the end of October. Based on historical data and advanced empirical modeling, a crypto analyst has confirmed that the probability of Bitcoin finishing the month above this key level appears increasingly likely.  Bitcoin Price Set For Major October Rally According to a price prediction shared by crypto analyst and economist Timothy Peterson on X social media, Bitcoin’s trajectory in October appears promising. His AI-based bootstrapped simulation chart also suggests that half of the month’s gains may have already been realised.  Related Reading: Can The Bitcoin Price Explode To $200,000? The Gold Chart That Tells It All The empirical model, which draws on data from October 2015 to 2024, reveals a 50% probability that BTC could end the month above $140,000, representing a roughly 15% surge from current levels of around $121,000. Additionally, the model indicates a 43% probability that the Bitcoin price will finish below $136,000 within the same time frame.  Peterson’s chart displays observed daily prices leading into October 2025 and a projected range extending into early November. The model’s mean prediction, represented by the dashed blue line, suggests a gradual climb from the $120,000 range toward the $140,000 mark. The 68% confidence interval remains comfortably positioned above $130,000 for much of the forecast period.  The model also includes a 95% confidence interval, shown by the wider orange band, which highlights the full range of likely outcomes. It suggests that Bitcoin has only a slight chance, about 5%, of finishing October below $110,000 and above $170,000.    Interestingly, Peterson noted in an earlier post that October has historically been one of Bitcoin’s strongest months. His analysis highlights that specific days within the month, including the 9th, 20th, and 28th, have been bullish 71% of the time, while the 29th has seen gains 78% of the time since 2015. This historical tendency of October surges lends additional weight to the analyst’s bullish Bitcoin price forecast, suggesting that recurring patterns could help propel the cryptocurrency to new all-time highs soon.   Long-Term BTC Setup Supports Steady Growth Toward $200,000 In another report, Peterson presented a chart illustrating Bitcoin’s long-term price structure since 2022. While he clarified that he is not a proponent of traditional technical analysis, he emphasized his belief in repeating market cycle patterns. The chart depicts Bitcoin’s price movement within two parallel red trend lines, showing a consistent upward trajectory since the market bottom.  Related Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 Within this framework, several green upward segments indicate recurring phases of rapid price appreciation. According to this cyclical model, Bitcoin remains firmly within an established growth channel, projecting a potential rise toward $200,000 within the next 170 days. Peterson assigned this bullish scenario a “better than 50/50 chance,” suggesting that current market structure and historical recovery patterns support the case of continued Bitcoin price appreciation well into 2026.  Featured image from Pixabay, chart from Tradingview.com

On-chain data shows the Bitcoin mega whales are still in a phase of distribution despite the other cohorts shifting to buying. Bitcoin Mega Whales Have Continued To Sell During This Rally According to the latest weekly report from Glassnode, the Bitcoin Accumulation Trend Score suggests a resurgence in buying among the investors. This on-chain indicator basically tells us whether the BTC holders are buying or selling. The metric calculates its value by not only looking at the balance changes happening in the wallets of the investors, but also accounting for the size of the wallets themselves. This means that the behavior of the larger entities has a larger influence on the score. Related Reading: Bitcoin’s Rally Still Looks Intact, CryptoQuant Says: Here’s Why When the value of the indicator is above 0.5, it implies the large investors (or alternatively, a large number of small hands) are participating in accumulation. The closer is the indicator to 1, the stronger is this behavior. On the other hand, the metric being under the threshold suggests distribution is the dominant behavior among BTC holders. The zero mark serves as the extreme level for this side of the scale. Now, here’s the chart shared by Glassnode in the report that shows the trend in the Bitcoin Accumulation Trend Score separately for the various investor cohorts: As displayed in the above graph, the Bitcoin Accumulation Trend Score assumed a neutral-distribution value across the market in mid-September, but a shift has occurred recently. The sharks, investors holding between 100 to 1,000 BTC, were the first to pivot to buying. And it wasn’t just any degree of accumulation, but a strong one, with the metric sitting close to 1. The 10 to 100 BTC cohort followed soon after, though its Accumulation Trend Score has still not achieved a value as high as the sharks’. Together, the buying from these mid-sized holders appears to be what backed the recent price surge to a new all-time high (ATH). Very recently, the retail investors (below 1 BTC and 1 to 10 BTC groups) have also embraced accumulation, potentially attracted by the hype of the Bitcoin bull run. While sharks and smaller entities have been accumulating, the top end of the scale has shown a different behavior. The whales (1,000 to 10,000 BTC) have continued to hold a neutral behavior, neither buying nor selling, while the largest of entities on the network, those holding above 10,000 BTC, have been in stark contrast to the sharks with their Accumulation Trend Score sitting deep in the distribution zone. Related Reading: XRP Could Retest Triangle Support At $2.72, Analyst Warns It now remains to be seen how long these Bitcoin holders, popularly called the mega whales, will continue their selloff, and whether they will provide impedance to the run. BTC Price At the time of writing, Bitcoin is floating around $120,900, down 2.5% over the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Following a slight slump yesterday from its recent highs, Bitcoin (BTC) is now trading in the low $120,000 range. Meanwhile, BTC’s miner correlation has undergone a significant shift over the past few months, indicating a clear change in market dynamics between miner behavior and price direction. Bitcoin Miner Correlation Turns Negative According to a CryptoQuant Quicktake post by contributor Arab Chain, fresh data from Binance shows that Bitcoin price and miner flows to the crypto exchange have undergone a significant shift in recent months. Related Reading: Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000 Specifically, the 30-Day Rolling Correlation indicator has tumbled to its lowest level since March 2025. On October 3, this indicator fell to -0.157, its lowest reading in more than five months. Since then, it has remained close to the -0.10 range. For the uninitiated, the 30-day rolling correlation indicator measures how closely two variables, such as Bitcoin’s price and miner flows, move together over the past 30 days. A positive value means they typically rise or fall in tandem, while a negative value means they move in opposite directions. It is worth noting that the indicator had previously been moving within a positive range of 0.1 to 0.5 during Q2 2025. The shift from positive rage to negative suggests that the recent surge in BTC price has not been driven by miner flows to exchanges. This is in stark contrast to previous cycles, where miner flows to exchanges played a key role in BTC’s price movement. However, the current cycle’s positive price action can be attributed to increased demand from investors and institutions. Arab Chain added: In past cycles, when the price rose, miners often transferred larger amounts of Bitcoin to exchanges to sell and take profits, creating a positive correlation between price and miner flows – meaning that as prices increased, flows also increased. Arab Chain added that the decline in correlation indicates a phase of “price independence” where miners opt to hold their BTC rather than sell it during times of price appreciation. A fall in miner signal is usually considered a bullish signal, as it reduces BTC’s circulating supply. That said, if the correlation turns strongly positive again, it could signal the return of selling pressure and a medium-term price correction could be expected. At present, the BTC market is showing a healthy balance between demand and supply. BTC Needs To Defend This Level Following BTC’s fall to the low $120,000 range, some crypto analysts say that the top cryptocurrency must defend the $120,600 level to avoid further crash. However, not all analysts are bearish on BTC just yet.  Related Reading: $140K Or Bust? Simulation Says Bitcoin’s Odds Are Now 50-50 For instance, crypto entrepreneur Arthur Hayes predicts that US President Donald Trump could send BTC to $250,000 by the end of 2025. At press time, BTC trades at $121,375, down 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

On-chain analytics firm CryptoQuant has explained how there aren’t any signs of a Bitcoin price peak yet, based on this indicator. Bitcoin Net Realized Profit/Loss Is Still At Moderate Levels In a new post on X, CryptoQuant has shared the latest trend in the Bitcoin Net Realized Profit/Loss. This indicator tells us about whether the Bitcoin investors are selling their coins at a net profit or loss. The metric works by going through the transaction history of each token being spent to see what price it was moved at before this. If this previous selling price for any coin was less than the spot price it’s now being transacted at, then the token’s sale is assumed to be leading to the realization of some net profit. Related Reading: XRP Could Retest Triangle Support At $2.72, Analyst Warns The degree of profit realized is naturally equal to the difference between the two prices. In tokens of the opposite case (that is, the last price is higher than the latest spot BTC value), the sale realizes a loss instead. In the context of the current discussion, the version of the Net Realized/Profit Loss that’s of interest is specifically the 1-year sum, denominated in BTC. Below is the chart for the metric that shows how its value has fluctuated over the past few years. From the graph, it’s visible that the Bitcoin Net Realized Profit/Loss witnessed an uptrend in 2024 and reached a high of 5.1 million BTC in January 2025. This suggests that the market took part in a significant amount of profit-taking that year. After the January peak, however, the metric reversed course and started going down instead. This decline in profit realization was a result of the bearish price action that the cryptocurrency faced in the first few months of the year. After bullish winds returned for the cryptocurrency, though, the Net Realized Profit/Loss once again began to move up. This upward trajectory has naturally continued alongside BTC’s latest rally to a new all-time high (ATH) and the indicator has reached the 4.4 million BTC mark. Though this value is significant, it’s clearly lower than the January 2025 top. This earlier peak itself was still lower than the 7.7 million October 2021 high from the previous cycle. Related Reading: Bitcoin & Altcoin OI Forming Same Warning Setup As Dec 2024, Analyst Says “Bitcoin’s rally still looks intact,” notes CryptoQuant based on the trend. “No signs yet of a price peak.” It now remains to be seen how BTC’s price action will look in the near future and whether the Net Realized Profit/Loss will observe any shift. BTC Price Bitcoin has been down since setting its ATH above $126,000, as its price currently floats around $122,700. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin price corrected gains and traded below the $124,000 level. BTC is now struggling and might continue to move down below $120,000. Bitcoin started a downside correction below the $123,200 level. The price is trading below $123,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $122,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $120,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $125,000 zone and started a fresh decline. BTC dipped below the $124,000 support to enter a short-term bearish zone. The bears even pushed the price below $121,200. A low was formed at $119,810 and the price recently recovered some losses. There was a move toward the 50% Fib retracement level of the recent decline from the $123,750 swing high to the $119,810 low. However, the bears are still active near $121,750. Bitcoin is now trading below $121,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $122,750 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $121,750 level. The first key resistance is near the $122,250 level and the 61.8% Fib retracement level of the recent decline from the $123,750 swing high to the $119,810 low. The next resistance could be $122,750 and the trend line. A close above the $122,750 resistance might send the price further higher. In the stated case, the price could rise and test the $123,500 resistance. Any more gains might send the price toward the $124,000 level. The next barrier for the bulls could be $125,500. More Losses In BTC? If Bitcoin fails to rise above the $122,750 resistance zone, it could start a fresh decline. Immediate support is near the $120,750 level. The first major support is near the $120,000 level. The next support is now near the $118,500 zone. Any more losses might send the price toward the $116,500 support in the near term. The main support sits at $115,500, below which BTC might struggle to recover in the short 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 – $120,750, followed by $120,000. Major Resistance Levels – $122,750 and $123,500.

The Bitcoin price rise is not going to slowing down, according to market expert Anthony Pompliano. The well-known investor and founder of Professional Capital Management believes the top cryptocurrency still has a long way to go. In a recent video post on X, Pompliano revealed that Bitcoin’s value will continue to grow as long as governments and central banks continue to print more money.  Anthony Pompliano Links Bitcoin Price Endless Rise To Global Money Printing During an interview with CNBC, Pompliano said Bitcoin’s rally is far from over. According to him, when more money enters the system, the value of paper currencies decreases, and people begin seeking more effective ways to protect their savings. Now the best approach for investors is to work hard, earn money, spend only what is necessary, and save the rest in Bitcoin. Related Reading: Pundit Says XRP Price Can Easily Hit $1,000 If This Happens As observed by Pompliano, this is what could drive the growth in Bitcoin prices. According to the market expert, Bitcoin could quickly become the preferred choice for people looking to protect their savings from inflation, serving as a simple ‘savings technology’ that preserves the value of their hard work.  Pompliano emphasized that this idea is not about making money quickly, but about understanding how money loses value when central banks print more currency. Each dollar becomes weaker, while Bitcoin, with its fixed supply, continues to gain strength as more people use it for saving and investing. Scarcity resulting from Bitcoin’s fixed supply, combined with growing demand, could drive the Bitcoin price higher. Pompliano believes the pattern will last for many years.  Bitcoin Becomes The New Benchmark In Modern Finance Pompliano also described Bitcoin as the new “hurdle rate” in modern finance. In simple terms,  he said investors now compare all other assets to Bitcoin to judge whether they’re truly profitable. If a traditional asset cannot outperform Bitcoin, it is not a substantial investment. He compared Bitcoin’s growth to the S&P 500, noting that while the S&P has doubled since 2020, it has dropped nearly 90% when measured against Bitcoin. Related Reading: Pundit Predicts Potential XRP Price Rally From $3-$1,000 As It Replicates This Move From 2017-2018 Pompliano said that many traditional financial assets, including stocks and bonds, look profitable only when measured in fiat currencies. But when compared to Bitcoin, their returns fall short. Because of this, he said, investors are left with few options: they either buy Bitcoin or risk missing out on more substantial returns. Pompliano’s comments come after the Bitcoin price reached a new all-time high of $126,198, followed by a drop to $124,714. Even with the slight dip, the market expert believes the rally is not close to ending. As he put it, this is not just a rally — it’s the start of a long-term shift in how the world sees money and value. Featured image created with Dall.E, chart from Tradingview.com

Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants continue to speculate on whether the flagship crypto could fall below this psychological level if a full-blown bear market were to occur.  Bitcoin Price Has Likely Turned $100,000 Into Support PlanB stated in an X post that he will not be surprised if the Bitcoin price does not drop below $100,000 again as the market witnesses the $100,000 resistance turn into $100,000 support. The analyst further noted that the September close was the fifth consecutive monthly close above that psychological price level.  Related Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 PlanB stated that the same thing happened when the Bitcoin price was trading at $10,000, $1,000, $100, and $10. The analyst’s remarks came as he noted that 63% of people think that Bitcoin will drop below $100,000. Notably, there were more calls for a drop below $100,000 towards the end of September when BTC dropped to as low as $108,000. Crypto influencer Ansem was among those who predicted that the flagship crypto would likely retest $90,000.  However, the Bitcoin price has since staged a remarkable comeback from the $108,000 lows, rallying to a new all-time high (ATH) above $126,000 to start the month. As a result, BTC is already up 7% to start the month, with October notably the flagship crypto’s second-best performing month after November, based on historical data.  It is worth noting that the Bitcoin price has traded above $100,000 since May 8 and has now been above this psychological level for over 150 days, its longest streak. Meanwhile, market participants are currently betting that it will likely stay this way. According to Polymarket data, there is only a 25% chance that BTC will drop below $100,000 by the end of this year.  BTC Bull Market Still On Crypto analyst Titan of Crypto declared that the crypto market is still on and questioned why market participants were in a rush to call the top. The analyst noted that the Stoch Relative Strength Index (RSI) crossovers keep aligning with strength. He added that the chart will tell them when the bull run is over, but for now, that is not the case.  Related Reading: Bitcoin’s 2021 Playbook Shows The Final Price Target For This Bull Cycle In another analysis, Titan of Crypto revealed that the Bitcoin price continues to print higher highs and higher lows. Based on this, he raised the possibility that BTC could rally to as high as $160,000 by the end of the year. This aligns with predictions by JPMorgan and Standard Chartered, which predict that BTC can reach $165,000 and $200,000, respectively, by year-end.  At the time of writing, the Bitcoin price is trading at around $122,000, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Amid the calls for new all-time highs for Bitcoin, one analyst is going against the trend and calling a crash. The prediction not only expects Bitcoin to break below the $100,000 level, which many believe was already left in the past, but to actually fall by more than 60% from here. The analysis, which depicts a flash crash, shows a possible price reversal into levels not seen in years. Entering A Bitcoin Short With Conviction The crypto analyst who goes by the pseudonym Dick Dandy revealed that their next move was to enter into a Bitcoin short position between $121,400 and $121,700. However, the more interesting part is the take-profit targets that Dandy set for this position. Related Reading: Is A 900% Rally To $2.98 ATH Possible As Pi Network Announces New DeFi Updates? First of these lies at the $105,700 level, moving down all the way through to $85,800. From here, the crypto analyst expects the Bitcoin price to continue to crash until it falls below $50,000 and registers prices not seen since 2024. Falling to the $43,900 target would mean an over 60% decline in the price, but the analyst expects Bitcoin to crash further. With the possibility that Bitcoin could see a recovery from $35,000, the analyst explains that they plan to open a long position to hedge their short. But maintains their belief in the fact that the Bitcoin price will continue to decline. Ultimately, Dandy believes that the Bitcoin price will eventually reach $10,000, which is the end of the target. Anatomy Of The Crash Explained In Theory In another post, Dandy explained the theory behind the Bitcoin flash crash as mostly a battle between traders and the market-makers. According to the analyst, market makers essentially enable crypto traders to utilize liquidity to enter leveraged positions. But ultimately, they want their money back while making sure that traders do not profit from their trades. Such cases lead to rapid price movements, which have become known in the market as “stop hunts.” These work to take a large number of traders out of their positions very quickly by liquidating them, essentially returning the liquidity, and then some, back to the market makers. Related Reading: This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming? As for why such a large move is possible, the analyst explains that this is because most of Bitcoin’s market cap is all liquidity used for leveraging and derivatives trading. In fact, the analyst believes that the “floor price” of Bitcoin lies around $8,000, taking into account the stable sources and dividing it by the “dispersed amount of bitcoin on the market.” Dandy predicts that this move will happen very quickly, hence terming it a flash crash, and that traders will have very little time to react. “The more sell orders there are, and the greater the quantity of Bitcoin ordered to be sold, the faster price will drop down,” the analyst explained. Featured image from Dall.E, chart from TradingView.com