Overview
- Bitcoin trades near $101,000 after a brief drop below six figures this week, with altcoins extending losses and sentiment back in extreme fear.
- Price is pressing the 50-week/365-day moving-average zone around $102,000, a level that, when lost in past cycles, preceded much steeper declines, analysts note.
- U.S. spot Bitcoin ETFs logged roughly $1.3 billion in net redemptions over four sessions as derivatives saw heavy stress, including more than $560 million in 24-hour liquidations and dealer short-gamma around $100,000.
- On-chain flows are split: about $26 billion of “young” BTC moved to Binance in October signaling speculative pressure, while many longer-term holders increased self-custody withdrawals.
- Large buyers accumulated Ethereum on the dip, with eight wallets scooping about 394,682 ETH and Bitmine adding 40,719 ETH, even as macro caution from firmer yields and tariff uncertainty weighs on risk.