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The Bitcoin worth edged up a fraction of a p.c prior to now 24 hours to commerce at $107,717 as of three:58 a.m. EST on buying and selling quantity that skyrocketed 82% to $107 billion.
This comes as spot BTC ETF (exchange-traded funds) inflows supplied a glimmer of hope from the crypto’s latest downtrend with $477 million in web inflows on Oct. 21, ending a four-day streak of outflows, in accordance with CoinGlass.
BlackRock’s IBIT led with $210 million, adopted by Ark Make investments’s ARKB with $162 million. Constancy’s FBTC and Bitwise’s BITB added $34.15 million and $20.08 million, respectively.
Regardless of this uptick, merchants stay cautious forward of the US CPI report on Friday and the Federal Reserve’s Oct. 28-29 FOMC assembly.
Because the Bitcoin worth edged up, the gold worth tumbled greater than 6% to $4,102, placing it on observe for its most vital single-day decline in additional than 5 years as merchants took income after the metallic’s all-time excessive of $4,381.21 on Monday.
BREAKING: Spot gold costs lengthen their decline to over -6% on the day, now on observe for the largest day by day decline since April 2013.
The lengthy overdue gold pullback has lastly arrived. pic.twitter.com/xPEKXvF2Lm
— The Kobeissi Letter (@KobeissiLetter) October 21, 2025
Dealer Peter Brandt drew consideration to the sheer scale of gold’s newest selloff, noting that the metallic’s market capitalization plunged by an estimated $2.1 trillion in a single day.
“By way of market cap, this decline in Gold at present is the same as 55% of the worth of each cryptocurrency in existence. @PeterSchiff ‘s pet rock misplaced $2.1 trillion in worth at present. That’s 2,102 billion $ price,” Brandt mentioned.
‘Insider’ Whale Raises BTC Brief Place To $227M
Regardless of that, a crypto whale dubbed the “Trump Insider” has doubled down on his bearish stance towards Bitcoin, elevating his quick place to 2,100 BTC price about $227 million.
The transfer underscores the whale’s agency conviction in a near-term Bitcoin worth drop, regardless of the broader market uncertainty.
🚨 INSIDER BITCOIN WHALE HAS OPENED A $235 MILLION $BTC SHORT POSITION.
LIQUIDATION: $123,270 pic.twitter.com/S33jzORmq2
— Ash Crypto (@Ashcryptoreal) October 21, 2025
With BTC nonetheless underneath the $110,000 resistance degree, will fortune favor the whale?
Bitcoin Value Dangers Deeper Correction As Head-And-Shoulders Sample Emerges
The BTC worth is displaying indicators of weak point after failing to maintain momentum above the $120,000 area, with the formation of a possible head-and-shoulders sample hinting at a attainable pattern reversal within the close to time period.
Presently buying and selling close to $107,717, the Bitcoin worth is hovering simply above a vital assist space outlined by the 200-day Easy Shifting Common (SMA) at $108,002.
The value of BTC motion has turned cautious because the asset struggles to regain its footing following a pointy rejection from the $125,000 peak, which now marks the “head” of the sample.
On the day by day timeframe, Bitcoin could also be transitioning from a bullish part to a interval of consolidation and even early bearish momentum.
The 50-day SMA, at present positioned at $114,001, has began to slope downward, signaling weakening short-term momentum. This technical setup reinforces the potential of elevated promoting strain if consumers fail to reclaim the transferring common.
Moreover, the Relative Energy Index (RSI) hovers close to 39.9, indicating waning bullish momentum and suggesting that sellers have begun to achieve the higher hand.
Nevertheless, for the reason that RSI just isn’t but in oversold territory, additional draw back motion stays attainable earlier than the market stabilizes.
BTC Value Outlook: Cautious Sentiment Under $114,000
From a structural standpoint, $114,000–$115,000 now represents a key resistance space aligned with each the 50-day SMA and the best shoulder of the sample.
A breakout above this zone may invalidate the bearish setup, restore purchaser confidence and open the trail towards $120,000.
Conversely, if the best shoulder completes and the BTC worth breaks under the $108,000 neckline, it might doubtless set off a measured transfer towards $100,000, a traditionally vital assist area the place consumers beforehand stepped in.
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