Overview
- Bitcoin trades around $101,000–$103,000 after a brief drop below $100,000, with traders watching the yearly VWAP and resistance clustered near $105,000–$111,600.
- On‑chain metrics show fading pressure as futures taker CVD turns neutral, aSOPR hovers near 1.0, and the Stablecoin Supply Ratio sits at historically low levels associated with rebounds.
- Whales have offloaded tens of thousands of BTC in recent weeks and roughly 470,000 BTC since January, while retail dip‑buying persists and analysts flag the whale‑retail split as a caution signal.
- Spot Bitcoin ETFs flipped back to net inflows on Nov. 7 with about $240 million, contributing to $64 billion of year‑to‑date inflows that analysts say have absorbed supply and tempered volatility.
- Technicians highlight the 50‑week EMA around $100,700 as critical support, note a hidden bullish RSI divergence, and warn of possible liquidity sweeps toward $98,500–$99,700 before any sustained move higher.