Overview
- Bitcoin trades around $113,000 after an early-October selloff, with price consolidating between roughly $107,000 and $116,000 in recent sessions.
- CryptoQuant’s Darkfost reports the BTC-to-stablecoin reserve ratio on Binance has flipped bullish for the third time this cycle, a setup that preceded prior rallies.
- Trading activity has picked up, with daily volume near $67–68 billion and derivatives volume around $112 billion, while open interest has slipped to about $73.6 billion, according to CoinGlass.
- Binance funding rates have remained positive since Oct. 22, a shift analysts say often accompanies the return of short-term bullish momentum.
- Technicals highlight support around $111,000–$112,500 and resistance near $114,000–$116,400, with upside targets toward $118,000–$120,000 if resistance breaks and downside risk to $107,000–$105,800 if support fails.