TL;DR

Bitcoin fails in two attempts to regain momentum and retreats to the $104,000‑$110,000 range, showing exhaustion in buying pressure.
Whale flows on Binance increased with inflows of 1,000‑10,000 BTC, but long-term netflows turned negative, limiting the bulls’ strength.
BTC outflows from the exchange indicate long-term accumulation, while some short-term traders exit, setting the stage for the next market phase.

Bitcoin tried to regain momentum on two occasions, but the failed rallies cast doubt on its strength and show that the market is pausing.

After reaching a high of $124,000, the price pulled back to the $104,000‑$110,000 range, leaving Bitcoin below its 30-day Fair Value. The momentum index remains below 45, confirming that buying pressure has weakened and recovery attempts failed to hold.

Flows from major investors, known as whales, rose significantly last week. Between 1,000 and 10,000 BTC entered Binance, reaching levels not seen since July. These movements may reflect portfolio adjustments or profit-taking. However, long-term netflows turned negative, indicating that despite whale activity, institutional buyers still lack sufficient strength to push BTC higher.

The market reacted immediately: the October 13 and 20 rallies failed to sustain the price, and short-term sentiment shows signs of fatigue. Analysts note that the second rally lacked real strength from the start, while the first lost momentum quickly. This dynamic suggests the market may be rebalancing before deciding the direction of its next move.

Mixed Signals in the Bitcoin Market

Despite apparent weakness, there are signs of accumulation. Bitcoin netflows on Binance turned negative, showing that more BTC is leaving the exchange, likely for long-term storage. This indicates that long-term investors are taking positions while short-term traders step back. This creates a tension between active liquidity and strategic accumulation that could form the foundation for a shift.

The involvement of whales and long-term holders will be crucial in determining Bitcoin’s future direction. The outlook shows that, although immediate momentum has faded, the network of strategic buyers retains the ability to support levels and prepare the market for the next phase

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Filed under: News - @ October 22, 2025 12:28 am