After weeks of consolidation, traders are closely watching liquidity clusters and ETF flows for clues about Bitcoin’s next major move. On-chain data shows growing institutional interest and whale accumulation, hinting that the market may be gearing up for a powerful bullish reversal.

Bitcoin Consolidates Within Key Range

Bitcoin (BTC) continues to trade within a tight consolidation zone, hovering between major support at $100,000 and resistance near $117,000, according to recent market data. This prolonged compression phase often precedes a strong directional move, potentially setting the stage for a new trend formation.

Bitcoin consolidates between $100K–$117K, with a breakout above $117K potentially paving the way toward a $140K all-time high. Source: MMBTtrader on TradingView

Crypto analyst MMBTtrader suggests that a decisive daily close above the $117,000 resistance would mark a structural breakout from the current range. Such a move could reactivate the broader bullish trend and pave the way toward new all-time highs. The $140,000 level remains the next major psychological and technical objective if momentum persists.

“The chart is clear,” MMBTtrader explained. “A confirmed breakout above $117K would invalidate the range structure and restore the primary uptrend.”

Liquidity Heatmaps Hint at V-Shaped Reversal

On-chain data supports the bullish narrative. Liquidity heatmaps from Coinglass reveal a concentration of sell-side liquidity stacked above the current price range, particularly between $111,000 and $117,000. This clustering creates conditions for a potential short squeeze, where even a modest price pump could force liquidations and accelerate a sharp upward move.

All $BTC liquidity sits above price, setting the stage for a potential V-shaped reversal if a sudden pump triggers short squeezes. Source: @rektfencer via X

Crypto trader Rekt Fencer commented on X: “All $BTC liquidity is sitting above the current price. Just one pump and shorts get wiped. Is the V-reversal loading right now?”

If triggered, this short-covering rally could form a V-shaped reversal, quickly propelling Bitcoin toward mid-range targets around $132,000, as suggested by similar historical setups.

Technical Analysts Target $132K as Next Stop

Market watcher NekoZ pointed out that Bitcoin’s price recently touched the lower boundary of a descending channel and began reversing upward from roughly $109,933 on October 31, 2025. “We’ve officially kissed the bottom trendline and are reversing,” NekoZ said, adding, “The macro trend is still screaming up — $132K is the first pit stop.”

BTC has bounced off the bottom trendline, signaling a reversal, with the macro trend still bullish and $132K as the first target. Source: @NekozTek via X

This pattern echoes previous bullish reversals that emerged after Bitcoin tested lower trendline zones. Combined with growing whale accumulation and a modest rebound of 3.7% from October lows near $106,000, the setup suggests renewed buying interest amid easing ETF outflows and macro uncertainty.

Institutional Momentum and Market Catalysts

Beyond technical signals, several fundamental drivers continue to shape Bitcoin’s price trajectory. Institutional demand remains strong, supported by inflows into spot Bitcoin ETFs such as those managed by BlackRock and Fidelity. Despite brief slowdowns, these investment products have deepened market liquidity and reduced volatility over time.

Broader macro factors — including expectations of central bank policy easing and a stabilizing U.S. dollar — also provide a supportive backdrop for digital assets. On-chain data from multiple analytics platforms indicates that long-term holders continue to accumulate, hinting at sustained confidence in Bitcoin’s long-term outlook.

Final Thoughts

Bitcoin’s current consolidation phase has built up significant momentum potential. With liquidity stacked above price and strong institutional undercurrents, the market is poised for a decisive move toward $140,000 — provided Bitcoin can close above the $117,000 barrier.

Bitcoin (BTC) was trading at around $109,062, up 1.98% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin

For now, traders are watching closely as short-squeeze dynamics, ETF activity, and on-chain accumulation trends converge, potentially setting the tone for Bitcoin’s next major leg higher.

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Filed under: Bitcoin - @ October 31, 2025 11:17 pm