BTC slips below $108,000 and trades between major moving averages, with crucial support and resistance levels now in focus.
Bitcoin Battles Key Technical Levels as Uptober Momentum Fades
BTC slips below $108,000 and trades between major moving averages, with crucial support and resistance levels now in focus.
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The record bullish skew in options on the company seen as a leveraged play on bitcoin has vanished as the BTC tailwind driven by the Treasury asset narrative loses momentum.
Bitcoin steadies near $95K as prediction markets, market makers, and desks point to a momentum-driven run at $100K rather than a decisive breakout.
Exchange balances have fallen to a six-year low of 2.83 million BTC, with 170,000 withdrawn in the past month, signaling coins moving off exchanges and into longer-term storage.
A 9.5% activity surge above weekly average suggests stealth buildup ahead of catalyst window.