Bitcoin pushed sharply higher in early European trade on Monday, November 10, 2025, briefly reclaiming the $106,000 handle after a volatile weekend. The move arrives as a cluster of macro-liquidity signals and policy headlines flips risk appetite at the margins. Why Is Bitcoin Price Up Today? Under the surface, traders point to three interlocking drivers: an abrupt shift in Federal Reserve balance-sheet guidance, rising odds that Washington’s shutdown saga could be resolved imminently with a subsequent Treasury General Account (TGA) drawdown, and a fresh wave of policy chatter—from 50-year mortgages to potential relief checks—that revives the “liquidity impulse” debate. The most concrete development is the Fed’s communication pivot on reserves and the balance sheet. New York Fed President John Williams signaled last week that, with reserves sliding from “abundant” toward merely “ample,” the central bank may soon need to resume asset purchases—not for stimulus, but to maintain smooth money-market functioning as the Fed halts quantitative tightening on December 1 and begins fully reinvesting maturing Treasuries. Related Reading: Bitcoin Correction Nears Peak Point — Is A Rebound Underway? “The Fed may soon need to expand the balance sheet for liquidity needs,” Williams said, emphasizing any buying would be technical rather than a new QE program. QT will stop on December 1 and officials are preparing for balance-sheet growth as needed to stabilize reserves. Washington politics, paradoxically, is the other tailwind. Prediction markets now handicap material odds that the record-long US government shutdown will be resolved in mid-November. Polymarket shows odds for 87% for a resolution between November 12–15 range. Why does that matter for Bitcoin? Because when a shutdown ends, Treasury spending typically picks up and, all else equal, cash flows out of the TGA at the Fed into the banking system, raising bank reserves. That mechanical linkage—TGA down, reserves up—has been well documented. A reserve boost, especially with the Fed no longer draining liquidity via QT, is the kind of macro backdrop that has historically coincided with stronger crypto bid. Related Reading: Bitcoin Options Craze: OI Looks Set To Keep Printing ATHs, Glassnode Says Into that mix, fresh policy chatter is stoking “liquidity imagination.” Over the weekend, President Trump and FHFA leadership floated the idea of permitting 50-year mortgages, a change that, if implemented through the government-sponsored enterprises, would materially reshape US housing finance duration and lower monthly payments at the cost of higher lifetime interest. On X, the liquidity narrative is being distilled—loudly—into punchy memes and historical analogies. Capriole Investments founder Charles Edwards (@caprioleio) summed up the day’s bull case: “Bullish weekly close. 90% chance US shutdown ends this week (Polymarket). Fed dropping rates 1% over 18 months. Fed confirmed plan to grow balance sheet! Equities Fear & Greed in extreme Fear! Put/Call ratio bullish. Send Bitcoin back up.” James Lavish (@jameslavish) pushed the fiscal angle: “Trump is floating $2K stimmy checks, the FHFA is considering 50-year mortgages, and the US government continues to run $2 trillion deficits. Please tell me again how the era of easy liquidity and asset inflation is ending.” Yann Allemann and Jan Happel, the co-founders of the blockchain data and intelligence platform Glassnode(@Negentropic_) tied it back to the TGA: “Deal for gov shutdown on the horizon. This will give the Treasury a green light to start draining the TGA. This is a major ingredient for the final up leg to play out.” Joe Consorti (@JoeConsorti) added a retail-flow callback: “Welcome back, helicopter money… had you invested your $1,200 stimulus check in Bitcoin, it’d now be worth $18,607. Don’t mess this up.” At press time, Bitcoin traded at $106,265. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s ascent gathered fresh momentum on Tuesday, charging above the $94,000 mark and extending the gains to 26% since April 9. Three interlocking forces—geopolitics, strategic balance-sheet demand, and resurgent exchange-traded-fund flows—coalesced over the past 24 hours to ignite the rally. Why Is Bitcoin Up Today? The first spark came from Washington, where US President Donald Trump signaled a partial détente in his long-running tariff dispute with Beijing. Sitting behind the lectern at the White House, Trump declared that duties on Chinese imports “will come down substantially, but it won’t be zero,” before insisting he would “be very nice to China” so long as both sides reach a deal. Macro economist Alex Krüger distilled the president’s remarks in a widely circulated X post, noting that Trump had “just ticked most de-escalation / bullish boxes.” Among the verbatim phrases Krüger highlighted were: “Tariff on China will not be as high as 145%,” “It’ll come down substantially,” and, when asked whether he would “play hardball,” the president’s succinct “No.” Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says Equity indices responded immediately, but Bitcoin’s move was more dramatic, underscoring the market’s sensitivity to macro uncertainty—and to any sign that the Federal Reserve’s path could tilt more dovish should trade frictions ebb. While geopolitics set the tone, a second catalyst arrived from Wall Street: the prospect of a multibillion-dollar balance-sheet bid for Bitcoin spearheaded by the next generation of the Lutnick family. According to the Financial Times, Brandon Lutnick—the newly installed chair of Cantor Fitzgerald and son of Commerce Secretary Howard Lutnick—is forming “Cantor Equity Partners” in concert with SoftBank, Tether, and Bitfinex. The consortium plans to seed a new entity, 21 Capital, with approximately $3 billion in Bitcoin. Tether intends to contribute $1.5 billion worth of the asset, SoftBank about $900 million, and Bitfinex roughly $600 million, the report said, cautioning that the numbers could still shift before a formal announcement expected in the coming weeks. On X, Texas Bitcoin Foundation board member Tuur Demeester framed the implications bluntly: “This announcement could explain why bitcoin is up 12% in the past week.” Related Reading: Bitcoin Rally Ahead? Analysts Say These Key Indicators Look Bullish The third leg of support arrived from the US spot Bitcoin ETF market, where inflows swung decisively back into positive territory. Data compiled across issuers show aggregate net inflows of $911.2 million on Tuesday—the most forceful daily total since January 17, when pre-inauguration optimism around Trump’s “crypto president” rhetoric produced $975.6 million. Fidelity’s FBTC absorbed $253.8 million, Ark Invest’s ARKB attracted $267.1 million, and BlackRock’s market-leading IBIT added $192.1 million, while the smaller Grayscale Bitcoin Trust (GBTC) reversed weeks of redemptions with a $65.1 million intake. The turnaround began Monday, when the cohort drew $381 million—ending a multi-week stretch dominated by outflows—and gathered pace as Bitcoin cleared the $90,000 threshold. The two-day, $1.29 billion surge signals a material revival of institutional appetite. At press time, BTC traded at $94,212. Featured image created with DALL.E, chart from TradingView.com
A “power of 3” pattern popped up on Bitcoin’s chart, suggesting that prices above $100,000 will occur before President-elect Trump takes office.
Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.
Analysts say Bitcoin’s 2025 cycle target begins at $175,000 and could extend above $461,000.
Bitcoin’s rebound from this week’s flash crash re-set key price metrics and paved a path for BTC to chase after the $115,000 level.
Bitcoin has reached a new all-time high, surging to $97,852 on Binance. The cryptocurrency is up 5% in the last 24 hours and has gained an impressive 43% over the past 16 days since November 5. The momentum shows no signs of slowing as BTC price continues its steady ascent. Several key factors are driving this remarkable rally: #1 US Strategic Bitcoin Reserve Trade Following Donald Trump’s victory in the US presidential election, market sentiment has shifted significantly. The initial “Trump trade” has evolved into the “US Bitcoin Reserve Trade,” fueled by speculation that President-elect Trump may establish a Strategic Bitcoin Reserve (SBR). This follows his pledge at the Bitcoin 2024 conference in Nashville. Industry insiders like David Bailey, CEO of BTC Inc and a Trump campaign advisor, and Dennis Porter, CEO of Satoshi Act Fund, have hinted at the possibility of the SBR becoming a reality. Both have urged that the SBR be established within the first 100 days of Trump’s presidency through an executive order. They warn of the United States potentially falling behind in the global race to accumulate BTC. Related Reading: Countries Are Already Buying Bitcoin ‘In Huge Volumes’, Says Novogratz Bailey revealed on November 9, “There is at least one nation-state that has been actively acquiring Bitcoin and is now a top 5 holder. Hopefully, we hear from them soon.” He emphasized his certainty with a meme, indicating his information is based on knowledge rather than speculation. Mike Novogratz, CEO of Galaxy Digital, confirmed in a recent interview with Bloomberg TV that “countries are already buying BTC in huge volumes.” The “US Bitcoin Reserve Trade” is expected to continue until Trump’s inauguration on January 20. It remains to be seen whether Trump will follow through on his promises, potentially moving over 208,000 BTC confiscated by law enforcement into the reserve or even adopting Senator Cynthia Lummis’ Bitcoin Act proposal to purchase 1 million BTC over five years. #2 Potential Appointment Of A ‘Crypto Czar’ A leak on Wednesday suggests that President-elect Trump’s team is in discussions about creating a new White House position dedicated solely to Bitcoin and crypto policy. Sources familiar with the transition efforts indicate that candidates are being vetted for this role. If established, it would be the first-ever Bitcoin and crypto-specific White House position, underscoring the influence the nascent industry stands to wield in the incoming administration. It is unclear whether the role will be a senior White House staff position or a “crypto czar” overseeing policy and regulation across the federal government. Crypto industry advocates are pushing for the role to have a direct line to Trump – a massive news for the entire industry. #3 Launch Of Bitcoin ETF Options The introduction of Bitcoin ETF options has had a significant impact on the market. BlackRock’s iShares BTC Trust (IBIT) ETF options, launched on November 19, 2024, saw an unprecedented $1.9 billion in notional exposure on their first day of trading. Bloomberg ETF expert James Seyffart stated, “Final tally of IBIT’s 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That’s a ratio of 4.4:1. These options were almost certainly part of the move to the new Bitcoin all-time highs today.” Related Reading: US Bitcoin Reserve Will Push Price Above $1 Million, Expert Predicts Jeff Park, Head of Alpha Strategies at Bitwise Invest, recently highlighted the game-changing nature of Bitcoin ETF options: With the approval by the SEC to list and trade Bitcoin ETF options, we are on the verge of witnessing the most extraordinary upside ‘vol’ of ‘vol’ in financial history. For the first time, Bitcoin’s notional value will be ‘fractionally banked’ with ETF options. This marks the most monumental advancement possible for the crypto market. Park explained that Bitcoin ETF options provide a regulated market where the Options Clearing Corporation (OCC) protects clearing members from counterparty risks, allowing Bitcoin’s synthetic notional exposure to grow exponentially. He emphasized that this could lead to an explosive recursive effect on Bitcoin’s price due to unique volatility characteristics and the “volatility smile.” If there were one thing to read today re the game-changing nature of Bitcoin ETF options, read (and bookmark) this one for 2025 – it’s going to be wild. pic.twitter.com/On2DmUsbHX — Jeff Park (@dgt10011) September 20, 2024 #4 Surge In Spot Market And Bitcoin ETFs The latest rally has also been driven by significant activity in the spot market. Heavy spot bids have propelled the price higher, with yesterday’s BTC ETF inflows being a crucial factor. Inflows amounted to $773.4 million, with BlackRock contributing $626.5 million, Fidelity $133.9 million, Bitwise $9.2 million, and ARK Invest $3.8 million. Over the past three days, US spot Bitcoin ETFs have purchased a staggering $1.856 billion worth of Bitcoin. Good morning, Yesterday’s Bitcoin ETF flows were positive for $773.4 million. Blackrock did $626.5 million, Fidelity $133.9 million. (BTC the mini-ETF is still missing data) Price slowly climbing higher from $92K up to $97k now. Shitcoins are getting slaughtered. source:… pic.twitter.com/WMYIj7WiYj — WhalePanda (@WhalePanda) November 21, 2024 The total net asset value of US Bitcoin spot ETFs has exceeded $100 billion. Twelve Bitcoin ETFs, including those from BlackRock and Fidelity, were issued in January and have reached this milestone in just ten months. At press time, BTC traded at $96,920. Featured image created with DALL.E, chart from TradingView.com
The Bitcoin price has surged past the $71,000 mark today. Over the past five days, Bitcoin’s price has rallied by more than 8.5%, climbing from $65,600 to as high as $71,118 on October 29. In the last 24 hours alone, the BTC price has increased by 3.8%. This upward momentum can be attributed to four key factors: #1 Bitcoin ETFs Attract Massive Inflows The surge in Bitcoin’s price is closely linked to substantial inflows into Bitcoin Exchange-Traded Funds (ETFs). Yesterday witnessed massive ETF flows totaling $479.4 million. BlackRock led the inflows with $315.2 million, followed by Fidelity at $44.1 million, Ark with $59.8 million, and Bitwise at $38.7 million. These significant investments coincided with Bitcoin’s price movement from $68,000 to over $71,000. Leading on-chain analyst James “Checkmate” Check highlighted a divergence between Bitcoin ETF inflows and CME Open Interest. He noted “We have a divergence between Bitcoin ETF Inflows and CME Open Interest. ETF Inflows are ticking meaningfully higher, CME Open Interest is up, but not as much GBTC outflows are also minimal. We’re seeing true directional ETF inflows, and less so cash and carry trades.” The divergence suggests that investors are favoring direct exposure to Bitcoin through ETFs rather than engaging in cash and carry trades involving futures contracts. The carry trade strategy in the context of US spot Bitcoin ETFs and CME futures involves buying the ETF (tracking the spot price of Bitcoin) and simultaneously shorting Bitcoin futures on the CME. This approach aims to capitalize on price differences when futures trade at a premium to the spot price (contango). The notable shift toward ETFs indicates a bullish sentiment among investors, anticipating further price appreciation. #2 The “Trump Trade” Political developments are also influencing Bitcoin’s recent rally. Singapore-based QCP Capital commented on the impact of former President Donald Trump’s interview on the Joe Rogan Experience podcast, which has gained over 32 million views and driven his Polymarket odds above 66%. Despite “crypto” being touted as the “Trump Trade,” Bitcoin’s correlation with Trump’s potential election victory seems to fuel the Bitcoin price rally. QCP Capital also noted that Bitcoin is up only 8% this “Uptober,” compared to an average of 21% in previous Octobers. They stated, “If spot holds at these levels, this October would mark Bitcoin’s fourth-worst performance in the past decade.” With total BTC perpetual futures open interest across exchanges standing at $27 billion—approaching this year’s peak—a breakout above $70,000 could trigger new all-time highs, especially with more leveraged longs joining in. #3 Shorts Squeeze Amplifies Price Surge Market data indicates a significant shorts squeeze contributing to Bitcoin’s price spike. According to Coinglass, in the past 24 hours, 65,622 traders were liquidated, with total liquidations across the entire crypto market amounting to $228.51 million. Of this, $169.47 million were short liquidations. Specifically for Bitcoin, $83.61 million in shorts were liquidated. The largest single liquidation order occurred on Binance’s BTCUSDT pair, valued at $18 million. The substantial liquidation of short positions suggests that many traders were betting on a price decline and were forced to close their positions as the market moved against them. This mass unwinding of shorts can accelerate upward price movements as traders buy back into the market to cover their positions. #4 Whales Increase Buying Activity Large-scale investors, often referred to as “whales,” are playing a pivotal role in the current rally. CryptoQuant analyst Mignolet observed that Bitcoin’s rally continues, led by activity on the Binance exchange. He pointed out that Binance whales began significant involvement in the market two weeks ago during Asian trading hours, and recent declines in the Coinbase Premium Gap (CPG) alongside price increases are “a clear sign of Binance whales’ intervention. Mignolet emphasized that this should not be interpreted as a decline in US demand, but an even stronger buying pressure from Binance. Over the past two weeks, demand for US Bitcoin spot ETFs has surged, with a net inflow of approximately 47,000 Bitcoin. Since most ETF products use Coinbase, movements in CPG data are closely tied to ETF demand. He concluded, “The current Bitcoin price is being driven by Binance whales, with sustained inflows of US capital.” At press time, BTC traded at $71,340. Featured image created with DALL.E, chart from TradingView.com
Bitcoin price is up today as a recovery in the US job market, strong spot Bitcoin ETF inflows and impressive tech sector earnings data emerge.
Bitcoin experienced a significant surge, climbing from a low of $62,050 on Sunday to a peak of $66,500 late Monday. As of Tuesday, the BTC price is slightly correcting below this key resistance level, but hovering above $65,000. Several critical factors have contributed to the rally, including a short squeeze coinciding with the upcoming US elections, strong demand in the spot Bitcoin market, and substantial inflows into US spot Bitcoin Exchange Traded Funds (ETFs). #1 Short Squeeze And US Election Influence Yesterday’s price surge can be partly attributed to the liquidation of leveraged short positions. Singapore-based trading firm QCP Capital writes in their latest investor note that nearly $80 million worth of Bitcoin and Ethereum leveraged shorts were liquidated, applying upward pressure on the market. While some speculate that the postponement of Mt. Gox’s repayment deadline to October 2025 played a role, this news was already published on Friday, suggesting other factors were at play during Monday’s rally. Related Reading: Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin? “Although there could be many factors that could explain today’s move, it is quite an interesting time if we look at historical price action. We are in the middle of October and just three weeks away from the US elections,” QCP Capital notes. In both 2016 and 2020, Bitcoin remained in a tight trading range for months before initiating a significant rally approximately three weeks before the US Election Day. In 2016, Bitcoin doubled in price from $600 by the first week of January following the election. Similarly, in 2020, it surged from $11,000 to a high of $42,000 by January. This year, October—often referred to as “Uptober” due to its historically strong performance—has been underwhelming, with Bitcoin up just 1.2% compared to an average of 21%. The current rally, occurring three weeks before the US elections, suggests that history might be repeating itself, potentially leading to further price appreciation as investor optimism builds. #2 Strong Demand For Bitcoin For the first time since mid-2023, Bitcoin’s buy orders are matching sell orders in spot market order books across exchanges. Ki Young Ju, Founder and CEO of CryptoQuant, highlighted this development via X: “Bitcoin buy walls on all exchanges are now strong enough to neutralize sell walls.” This shift marks a significant change from the trend observed since May 2021. “Data from the last cycle (2020-2022). It’s the accumulated difference between quoted buy and sell volumes. Since May 2021, sell walls had been consistently thicker than buy walls until the end of the cycle,” Young Ju shared. #3 Surge In Spot Bitcoin ETF Inflows Monday witnessed one of the highest Bitcoin ETF inflows on record, totaling $555.9 million—the largest net inflow day since June 3. This substantial capital influx was spread among several major asset managers. BlackRock received $79.5 million, Fidelity attracted $239.3 million, Bitwise accumulated $100.2 million, Ark Invest saw inflows of $69.8 million and the Grayscale Bitcoin Trust (GBTC) experienced inflows of $37.8 million. Related Reading: Bitcoin Nears Key Breakout: Last Three 200-Day MA Crossings Triggered ‘Parabolic Bull Runs’ Nate Geraci, President of The ETF Store and host of the ETF Prime podcast, commented on these inflows via X: “Monster day for spot btc ETFs… $550mil inflows. Now approaching *$20bil* net inflows in 10mos. Simply ridiculous & blows away every pre-launch demand estimate. This is NOT “degen retail” $$$ IMO. It’s advisors & institutional investors continuing to slowly adopt.” At press time, BTC traded at $65,750. Featured image created with DALL.E, chart from TradingView.com
A Bitcoin researcher says a quasi-exponential decay trend could even see BTC's price going as high as $300,000 in 2025.
Bitcoin’s recent rally put its price above a key bull market metric. Are new highs inbound?
Traders ignored the news that Mt. Gox transferred billions of dollars in BTC and instead focused on pushing Bitcoin price above $65,000.
Bitcoin has surged 2.9% in the last 24 hours, reaching a high of $71,166 on Binance today, marking the highest price since May 21. This rally appears to be primarily fueled by robust inflows into US spot Bitcoin ETFs, with the sector experiencing its 16th consecutive day of net inflows. Why Is The Bitcoin Price Up Today? Yesterday alone, these ETFs saw an inflow of $886.6 million, with Fidelity leading at $378.7 million—setting a new record for the fund. BlackRock wasn’t far behind, with substantial inflows totaling $274.4 million. Other significant contributions included Ark with $138.7 million, Bitwise at $61 million, and the Grayscale Bitcoin and VanEck Bitcoin Trust recording $28.2 million and $4 million respectively. Good morning fellow hodlers, We had an absolute insane day of inflows yesterday with $886.6 million of inflows (that’s ~12 500 BTC) Fidelity did $378.7 million, Blackrock did $274.4 million, Ark did $138.7 million and Bitwise 61 million. Even $GBTC had inflows worth of $28.2… pic.twitter.com/KaDdmTrq9p — WhalePanda (@WhalePanda) June 5, 2024 The sustained interest is further evidenced as BlackRock’s iShares Bitcoin ETF surpassed $20 billion in assets, becoming the fastest ETF to reach this milestone, reflecting significant momentum and investor enthusiasm. Related Reading: Best Long-Term Bitcoin Buy Signal Flashes, Hedge Fund CEO Warns Eric Balchunas, a Bloomberg ETF analyst, emphasized the scale of these inflows, stating, “Fidelity not messing around, big-time flows all around today for The Ten, nearly $1b in total. Second best day ever, since Mid-March. $3.3b in past 4wks, net YTD at $15b (which was top end of our 12mo est). The ‘third wave’ is turning into a tidal wave.” Despite the positive inflow dynamics, Byzantine General (@ByzGeneral), a prominent crypto analyst, observed that the price surge could have been more pronounced. He highlighted the presence of substantial passive supply on spot exchanges, which might have tempered the price increase. Related Reading: Bitcoin ‘Zombies’ Awaken: Dormant Coins Move For First Time In Years, What’s Going On? He noted yesterday, “High volume today, and the perps basis actually went down a bit. I think that we got good ETF flows today, but… They’re buying into a lot of passive supply on spot exchanges.” He further commented today, “What did I say, big ETF inflows. But because of all of the passive supply it’s like an unstoppable force colliding with an immovable object.” Moreover, it’s important to note that the price increase was not driven by the liquidation of short positions in the BTC futures market, which saw only $27.58 million in shorts liquidated in the last 24 hours, according to Coinglass data. However, Willy Woo, a renowned on-chain analyst, warned that a continued rise could trigger a significant short squeeze. Woo said via X, “Tapping 72k is the fuse that’s set to start a liquidation cascade. $1.5b of short positions ready to be liquidated all the way up to $75k and a new all time high.” At press time, BTC traded at $71,075. Featured image created with DALL·E, chart from TradingView.com
Analysts expect Bitcoin price to test the $80,000 zone now that the halving is complete and BTC’s funding rate reset.