Bitcoin Tests $100,000 as Rebound Stalls Below $105,000

Overview

• BTC briefly fell to about $98,900 before a tepid bounce, with price action still capped by resistance near $104,000–$105,000, according to Kraken data cited by NewsBTC.
• Spot Bitcoin ETFs saw nearly $1 billion in net withdrawals in recent days, signaling weaker institutional demand, 99Bitcoins reported.
• CryptoQuant data show long‑term holders offloaded more than 827,000 BTC in the past month, roughly $86 billion in value, marking the steepest monthly decline since July.
• Chartists are split, with some pointing to a potential rebound toward $106,500–$112,000 if support holds, while others warn a failure could retest the ~$98,000 area.
• Arthur Hayes argues the broader uptrend could resume if Federal Reserve liquidity returns through what he calls “stealth quantitative easing,” though timing remains uncertain.