{"id":107324,"date":"2025-10-23T22:31:14","date_gmt":"2025-10-23T22:31:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=107324"},"modified":"2025-10-23T22:31:14","modified_gmt":"2025-10-23T22:31:14","slug":"bitcoin-price-struggles-near-111k-after-etf-recovery-analysts-warn-of-weak-support","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=107324","title":{"rendered":"Bitcoin Price Struggles Near $111K After ETF Recovery \u2013 Analysts Warn of Weak Support"},"content":{"rendered":"<p>The BTC USD price is continuing to struggle, despite the ETF recovery pushing the Bitcoin price back up to $111,000. Now, analysts are warning of weak support.<\/p>\n<p><span>Bitcoin hovered near $111,000 on Thursday after another round of withdrawals from US spot bitcoin ETFs.\u00a0 <\/span><span>About $100 million flowed out of the funds over the past day, reviving concerns that institutional demand may be losing steam.<\/span><\/p>\n<p><span>According to\u00a0<a class=\"general-link\" href=\"https:\/\/farside.co.uk\/btc\/\" target=\"_blank\" rel=\"noopener\">Coingecko data<\/a>, Bitcoin fluctuated between $106,800 and $110,300 during the session, with the last trade at\u00a0$110,700.\u00a0<\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p><span>The narrow range keeps the asset close to the $107,000 zone, which many analysts view as critical short-term support.\u00a0<\/span><\/p>\n<p><span>A clear drop below that level could open the door to deeper losses, while a rebound above $112,000 would signal renewed buying strength.<\/span><\/p>\n<h2>Why Are Spot Bitcoin ETFs Seeing Persistent Withdrawals?<\/h2>\n<p><span>US spot Bitcoin ETFs saw roughly $101.4 million in net outflows in October 2022, marking another weak day for institutional demand.<\/span><\/p>\n<p><span>According to <\/span><a class=\"general-link\" href=\"https:\/\/farside.co.uk\/btc\/\" target=\"_blank\" rel=\"noopener\"><span>Farside data<\/span><\/a><span>, BlackRock\u2019s IBIT still posted an estimated $73.6M in inflows, but those gains were erased by heavy withdrawals elsewhere, including about $56.6 million from Fidelity\u2019s FBTC.<\/span><\/p>\n\n<p><span>(<\/span><a class=\"general-link\" href=\"https:\/\/farside.co.uk\/btc\/\" target=\"_blank\" rel=\"noopener\"><span>Source: Farside<\/span><\/a><span>)<\/span><\/p>\n<p><span>The uneven flow highlights how fragile sentiment remains after last week\u2019s deeper redemptions.<\/span><\/p>\n<p><span>Analysts at Bitfinex\u00a0<\/span><span><span><a href=\"https:\/\/issuu.com\/docs\/68c1f47cacc4e160149ef05fd1176f02?fr=sMDQ1Yzg4NTU1ODE\" target=\"_blank\" rel=\"noopener\">have warned<\/a> that the $107,000\u2013$108,000 price range has become shaky, noting that large buyers have largely stayed<\/span>\u00a0out during this correction.\u00a0<\/span><\/p>\n<p><span>Between October 13 and 17, spot Bitcoin ETFs shed over $1.23 billion, indicating an apparent decline in investor appetite.<\/span><\/p>\n<p><span>On-chain <\/span><a class=\"general-link\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68f92ddf69a00919b9cff8f4-Bitcoin-Finds-Support-at-36-Month-UTXO-Realized-Price\" target=\"_blank\" rel=\"noopener\"><span>data<\/span><\/a><span> from CryptoQuant indicates that the 3-6 month UTXO realized price is near $108,300, a key mid-term support area.\u00a0<\/span><\/p>\n\n<p><span>(<\/span><a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68f92ddf69a00919b9cff8f4-Bitcoin-Finds-Support-at-36-Month-UTXO-Realized-Price\" target=\"_blank\" rel=\"noopener\"><span>Source: CryptoQuant<\/span><\/a><span>)<\/span><\/p>\n<p><span>Glassnode\u2019s <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/glassnode\/status\/1981011113388245114\" target=\"_blank\" rel=\"noopener\"><span>data<\/span><\/a><span> adds that Bitcoin now trades below both the short-term holders\u2019 cost basis ($113,100) and the 0.85 quantile level ($108,600).\u00a0<\/span><\/p>\n<p><span>These thresholds have often marked the start of mid-term bearish periods.<\/span><\/p>\n<p><span>Options <\/span><a class=\"general-link\" href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-42-2025\/\" target=\"_blank\" rel=\"noopener\"><span>data<\/span><\/a><span> points to a more defensive market. Traders are loading up on puts to hedge against more downside, pushing implied volatility higher.\u00a0<\/span><\/p>\n<p>A Market Hedged in Fear<\/p>\n<p>Bitcoin trading below key cost basis levels signals demand exhaustion. Long-term holders are selling into strength, while rising put demand and higher volatility show a defensive market.<\/p>\n<p>Read the full Week On-Chain below<a href=\"https:\/\/t.co\/2aZJU8meBX\" target=\"_blank\" rel=\"noopener\">https:\/\/t.co\/2aZJU8meBX<\/a> <a href=\"https:\/\/t.co\/ze4EowUPwh\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/ze4EowUPwh<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1981011113388245114?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 22, 2025<\/a><\/p>\n\n<p><span>Open interest also remains near record levels, a sign of nervousness across the board.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/p>\n<h2>Bitcoin Price Prediction: Is the Market in a Wyckoff Accumulation Phase?<\/h2>\n<p><span>According to <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/AltcoinGordon\/status\/1981332510442229846\" target=\"_blank\" rel=\"noopener\"><span>crypto analyst Gordon<\/span><\/a><span>, Bitcoin may be building strength for its next move. He believes the recent pullback fits within a broader accumulation phase.\u00a0<\/span><\/p>\n<p>Imagine being bearish when <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> is going through an accumulation phase.<\/p>\n<p>Panic sellers now will be panic buyers in a few months. <a href=\"https:\/\/t.co\/CIOtFibWyC\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/CIOtFibWyC<\/a><\/p>\n<p>\u2014 Gordon (@AltcoinGordon) <a href=\"https:\/\/twitter.com\/AltcoinGordon\/status\/1981332510442229846?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 23, 2025<\/a><\/p>\n\n<p><span>\u201cImagine being bearish when $BTC is going through an accumulation phase. Panic sellers now will be panic buyers in a few months,\u201d he said.<\/span><\/p>\n<p><span>Gordon\u2019s 12-hour BTC\/USDT chart outlines a textbook Wyckoff re-accumulation structure. It maps out each stage from Preliminary Support (Psy) to the Spring and Test phase.\u00a0<\/span><\/p>\n\n<p><span>(<\/span><a class=\"general-link\" href=\"https:\/\/x.com\/AltcoinGordon\/status\/1981332510442229846\" target=\"_blank\" rel=\"noopener\"><span>Source: X<\/span><\/a><span>)<\/span><\/p>\n<p><span>Bitcoin has reached a Selling Climax (SC) of roughly $106,500 and has since recovered, currently ranging between $107,000 and $111,000.\u00a0<\/span><\/p>\n<p>This range exercise is an indication that spring may be setting up a breakout that is frequently anticipated.<\/p>\n<p><span>The second major opposition is between $123,000 and $125,000, close to the Automatic Rally (AR) and Secondary Test (ST) levels.\u00a0<\/span><\/p>\n<p>When Bitcoin rises above $112,000, this could mark the beginning of the Markup Phase, which typically indicates that bullish momentum is developing.<\/p>\n<p><span>The setup is indicative of a probable reaccumulation process, in which long-term holders further buy as short-term traders exit.\u00a0<\/span><\/p>\n<p><span>Provided that the Wyckoff construction remains firm, Bitcoin could be accumulating towards a medium-term recovery in the range of $120,000-$126,000.<\/span><\/p>\n<p><span>Crypto analyst Titan of Crypto<\/span><span><span>\u00a0<a href=\"https:\/\/x.com\/Washigorira\/status\/1981376998585794639\" target=\"_blank\" rel=\"noopener\">published<\/a> a weekly chart indicating that the long-term parabolic trend of Bitcoin is still in effect and that it has<\/span>\u00a0recorded consistent bullish dynamics despite its recent fluctuations.\u00a0<\/span><\/p>\n<p><span>The curve connects a sequence of higher lows extending from the beginning of 2023 to the end of 2025, indicating that the larger uptrend remains intact.<\/span><\/p>\n\n<p><span>(<\/span><a class=\"general-link\" href=\"https:\/\/x.com\/Washigorira\/status\/1981376998585794639\" target=\"_blank\" rel=\"noopener\"><span>Source: X<\/span><\/a><span>)<\/span><\/p>\n<p><span>Each retest of the curve has sparked renewed buying and sharp recoveries.\u00a0<\/span><\/p>\n<p><span>The latest rebound between $105,000 and $110,000 mirrors earlier support reactions, adding weight to the view that Bitcoin\u2019s parabolic structure continues to hold.<\/span><\/p>\n<p><span>Bitcoin\u2019s price structure continues to reflect a parabolic trend, one where each rebound starts from a higher base.\u00a0<\/span><\/p>\n<p><span>This pattern indicates that momentum is still building as long as the price remains above the rising curve. If that support were to break, it could mark a change in sentiment.\u00a0<\/span><\/p>\n<p><span>However, if the curve holds, Bitcoin may continue to climb toward the $140,000 to $150,000 range.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\">Next 1000X Crypto \u2013 Here\u2019s 10+ Crypto Tokens That Can Hit 1000x This Year<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/bitcoin-price-struggles-near-111k-after-etf-recovery-analysts-warn-of-weak-support\/\">Bitcoin Price Struggles Near $111K After ETF Recovery \u2013 Analysts Warn of Weak Support<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The BTC USD price is continuing to struggle, despite the ETF recovery pushing the Bitcoin price back up to $111,000. Now, analysts are warning of weak support. Bitcoin hovered near $111,000 on Thursday after another round of withdrawals from US spot bitcoin ETFs.\u00a0 About $100 million flowed out of the funds over the past day, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":107325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107324"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107324"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/107325"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}