Overview

• Bitcoin fluctuated around $108,000 to $112,000 on Thursday after a brief drop near $108,500, keeping focus on the $107,000–$110,000 support band highlighted by technical analysts.
• U.S.-listed spot Bitcoin ETFs recorded roughly $104 million in net outflows on Oct. 15, weakening a key source of spot demand, according to Farside Investors’ data.
• Traders realized about $1.8 billion in profits on Oct. 15, with long‑term holders accounting for most of the selling, signaling ongoing de‑risking, Checkonchain data shows.
• CryptoQuant reports a 125% surge in exchange‑to‑exchange flows on a 7‑day basis and Lookonchain tracked new wallets pulling 1,000 BTC from Binance and 465 BTC from FalconX, moves viewed as redistribution or accumulation.
• Macro currents complicate the outlook as Jerome Powell signaled the Fed may end balance‑sheet runoff soon, gold jumped to fresh records near $4,200–$4,250 per ounce, and analysts warned a break below support could open a path toward ~$98,000.