Bitcoin Trading Volume Hits Highest Since March as BTC Price Dips Below $105K

Bitcoin’s weekly trading volume has climbed to its highest level since March, signaling renewed activity among institutional players even as the price dropped below $105,000. The increase in liquidity comes amid a volatile week marked by sharp corrections and renewed optimism for a late-October ￰0￱ Returns as BTC Goes Down to $105K Data shared by analyst Arab Chain revealed that Bitcoin’s 7-day moving average of trading volume has risen to about $3.68 billion, according to Binance figures, the strongest level in seven months. However, the rise comes at a time when the price of BTC is declining, with the asset trading at $104,900 at the time of this writing.

Still, the improving volume points to an influx of large traders gradually re-entering the market, with observers suggesting the behavior could mark a potential reaccumulation phase, where professional investors rebuild positions after recent price ￰1￱ October 10, the OG crypto saw more than $17,000 shaved off its price when it nosedived from $122,000 to about $105,000 after the ￰2￱ China crossed swords over new ￰3￱ some exchanges, it went further south to $101,000. That particular incident saw traders lose as much as $19 billion worth of leveraged positions, although a subsequent report by market technician Carmelo Alemán placed the actual losses at a much more modest $2.31 ￰4￱ did recover from the storm, going to about $116,000, before a series of dips pushed it back down to its current level just below $105,000.

It also triggered another wave of liquidations, with nearly 300,000 traders seeing positions worth approximately $$1.1 billion closed ￰5￱ from CryptoQuant attributed some of the short-term weakness in the market to Binance-led selling pressure, noting a negative funding rate persisting for four consecutive ￰6￱ this, U. S.-based buying activity remains firm, reflected in a positive Coinbase Premium, suggesting strong spot demand that may offset futures-driven ￰7￱ Backdrop and Technical Foundations Despite recent pressure, the underlying market structure for Bitcoin remains positive. A technical perspective shared by market observer Axel Adler ￰8￱ the $106,000 to $107,000 range as a major support zone, with a breach potentially leading to a test of the $100,000 ￰9￱ to him, as long as this foundation holds, the broader bullish trend is considered ￰10￱ flagship crypto has declined 4% in the last 24 hours and 12% over the past week, even though it maintains a 58% gain over the preceding year.

Historically, October has been a strong month for BTC, with a recurring seasonal pattern known as “Uptober” often seeing its most powerful gains in the latter ￰11￱ data indicates that exchange reserves typically shrink during this period as investors move coins into long-term storage, tightening supply and setting the stage for potential rallies.