Bitcoin consolidates after the shock on 10/10, but macro pressure still weighs heavily

After a strong correction, $BTC is gradually stabilizing around the 107,000–108,000 USD range, supported by ETF capital inflow and increased spot buying activity at Coinbase.

However, the market still faces significant pressure from the US-China trade war initiated by Donald Trump and the prolonged government shutdown in the US.

On-chain data shows:

Futures traders on Binance are selling heavily (negative delta).

Spot investors in the US are still accumulating (positive delta).

The liquidation zone for long positions is around 106,300–104,000 USD, while shorts are easily swept at 115,000 USD.

According to Quinn Thompson (Lekker Capital), the amount of leverage wiped out on 10/10 "far exceeds the early part of 2025", opening up similar opportunities to the period before Trump's victory in 2024.

👉 In summary: $BTC is accumulating but is still prone to volatility. Players should closely monitor price action and maintain trading discipline.

⚠️ This article is not investment advice — just a market summary, read it to ease the boredom while waiting for orders to be filled :v

#Bitcoin #CryptoMarket #FuturesTrading #ETFFlow #TrumpEffect