today

Bitcoin recently slipped below the $100,000 mark, dipping into the high‑$90,000s after a period of relative strength.
Several factors stand out:Large‑scale liquidations of bullish crypto positions (over $800 million) crowded the market as Bitcoin and other majors pulled back.
A wave of long‑term holders appear to be offloading, pushing supply into circulation at a time when fresh demand looks muted.

On the positive side, institutions are still dipping in — for example, the Czech National Bank announced a $1 million pilot purchase of Bitcoin and other crypto assets, signaling strategic interest at the official level.
What happens next may matter more than the “what happened” piece:If Bitcoin finds support near the $94K‑$98K zone and demand returns, the current weakness could mark a reset — a chance for long‑term holders to accumulate. If not, the lack of fresh bids and elevated supply could push it lower.
#BTC #bitcoin $BTC #today

$BTC Price: Bitcoin is trading around $106,000 today, roughly +3–4% on the daycoindesk.com. (It briefly hit ~$106.5K high after finding support near $100K.) Year‐to‐date BTC is still up about +50–53% through Oct. 31cryptonews.com.Macro & Sentiment: A Fed rate cut (25 bps in Sept.) and global tensions (trade, Middle East, etc.) have bolstered BTC as a risky‐asset playbitget.commarkets.financialcontent.com. Gold jumped +15.7% in Q3, Bitcoin +8%bitget.com. Historically November tends to be bullish for BTC (averaging ~+40% since 2013)markets.financialcontent.com, but recent history (“Red October”) showed a sharp pullback (–16.6% from Oct 6 peak) as leveraged longs were liquidatedmarkets.financialcontent.com. The community’s Fear & Greed index plunged into “fear” in late Octmarkets.financialcontent.com, though some bulls (e.g. Michael Saylor) still predict ~$150K+ by year‐endmarkets.financialcontent.com.ETF Flows & Institutions: Early‐Oct saw heavy BTC‐ETF inflows, but a $4.5 billion outflow hit Bitcoin ETFs on Oct 10cryptonews.com. Since then flows have stabilized (smaller inflows/outflows), suggesting institutions are cautious but haven’t left the marketcryptonews.com. Notably, Ether spot ETFs drew ~$9.6 B in Q3 (vs. $8.7 B for BTC)bitget.com, signaling that institutional investors are broadening beyond Bitcoin. Major players are still accumulating BTC: JPMorgan boosted its stake in BlackRock’s Bitcoin Trust to $343 Mbitget.com, and corporate treasuries (e.g. MicroStrategy with ~$70 B in BTC, Coinbase with ~14,500 BTC) remain at record holdingsbitget.com.Regulation & Policy: The U.S. climate is gradually crypto‐friendly. In October the SEC reviewed new altcoin ETF proposals (Solana, XRP, etc.), hinting at a more mature marketbitget.com. On Nov 9, President Trump announced a proposed $2,000 “tariff dividend” for citizens, which briefly lifted crypto prices (BTC spiked toward $103K)coindesk.com. (This remains a proposal pending Congress, but reflects a pro‐crypto stance.) Overall, clearer regulations and new products (like ETFs) are improving institutional confidence.
Technical Outlook & Levels
Resistance: Major resistance is seen around $107K–$108Kitbfx.comcryptopotato.com. Bitcoin has tested this zone multiple times; a decisive daily close above ~$108K would suggest renewed upside (potentially toward $110K+).Support: Key support lies near $100K–$98Kitbfx.com. Below that, the next floors are roughly $95K–$96K and then the $91K demand zoneitbfx.com. CryptoPotato notes that a sustained break below ~$99K could open the $93K–$95K rangecryptopotato.com.Key Technical Signals: Analysts observe that short-term holders are underwater above ~$107K–$110K, creating overhead supplycryptopotato.com, while mid-term holders’ cost-basis (~$95K–$96K) forms a demand bandcryptopotato.com. In practice, many say BTC remains bearish as long as it’s below ~$108Kitbfx.com – only a clear breakout above that zone would signal the return of strong bullish momentum.
$BTC Short-Term View
With BTC caught in a range, cautious trading is advised. Most strategists are neutral/hold: if Bitcoin can reclaim ~$107–108K, fresh longs could be added, but failure to clear resistance suggests more chop. As IBFX notes, “as long as Bitcoin remains below $108K… the market bias is considered bearish”itbfx.com. Thus, many traders are holding or buying on dips rather than chasing rallies. A break above $108K would signal an uptrend resumption, whereas a break below ~$100K could justify taking profits or tightening stops (aiming for the support zones above).
Alerts & Signals to Watch
Upside Break ($107–108K): A daily close above ~$108K would be a key bullish triggeritbfx.com. Watch for such a breakout (or failure there) to gauge momentum.Downside Break (~$99–100K): Conversely, losing the ~$100K–$99K area decisively could lead to swift drops into the $93K–$96K zonecryptopotato.com. A close below ~$99K is a strong warning signal.ETF Flows: Monitor Bitcoin ETF flow trackers (e.g. CoinGlass). Big flows tend to presage moves – recall the ~$4.5B ETF outflow on Oct 10 that coincided with the sell-offcryptonews.com. A surge in inflows could indicate renewed buying pressure.Macro & News Events: Upcoming U.S. economic data (ISM/PMI surveys, CPI releases) and Fed commentary are likely volatility catalystscryptonews.com. With some U.S. data delayed by government shutdowns, even minor releases can move markets. Stay alert to Fed signals on rates.Sentiment Indicators: The Crypto Fear & Greed index is in extreme “fear” territorymarkets.financialcontent.com. A sharp rise (toward “neutral” or “greed”) could align with a bounce. Likewise, on‐chain signals (stablecoin inflow, realized-price bands, etc.) are worth watching. Rising stablecoin reserves and cautious liquidity suggest capital is waiting on the sidelinesmarkets.financialcontent.com; a shift in those metrics may foreshadow an upswing.

#BitcoinDunyamiz #APRBinanceTGE #USGovShutdownEnd? #today #bitcoin
Disclaimer: This post is for educational purposes only. Always do your own research before making investment decisions.