Bitcoin (BTC) has climbed above $110,000 as the cryptocurrency market rebounds, buoyed by a potential Fed policy shift and positive developments after the latest trade tensions between the US and China. However, market sentiment remains cautious, with the Crypto Fear & Greed Index still in “Fear” territory at 0 Profit Taking Keeping Prices Subdued Analysts believe Bitcoin’s price action will remain subdued until long-term holders take 1 to analyst James Check, the crypto market’s failure to recover was due to selling pressure, not manipulation, paper Bitcoin, or 2 to Check, the volume of sell-side pressure from Bitcoin holders is the source of resistance at the 3 to crypto investor Will Clemente, the last year of relative weakness for the flagship cryptocurrency has largely been due to a supply transfer from Bitcoin OGs to traditional finance.
“This dynamic will be mostly irrelevant in the coming years, just as everyone is focused on BTC’s relative weakness.” Galaxy Digital CEO Mike Novogratz echoed the same sentiment in an interview with Raoul Pal, stating, “There are a lot of people in the Bitcoin world who had rode this so long and finally decided, ‘I wanna buy 4 trimming because they’ve had a great run and we’re just digesting that turnover.” Meanwhile, BTC held on to a key level between $108,000 and $109,000, with analyst Rekt Capital stating, “Continued holding here could see the price rally to $120k+ over 5 here is absolutely key.” Strategy Can Convert Capital Into Bitcoin (BTC) In Hours: Michael Saylor Strategy executive chairman Michael Saylor has said that Bitcoin treasury companies like Strategy can turn fresh capital into BTC almost 6 also posted a fresh teaser about another BTC purchase on 7 Strategy executive chairman stated during an interview, “The investment cycle is a thousand times faster than technology, real estate, oil and gas, or anything else you’ve ever seen before in your 8 we’re literally selling 50 million an hour or 100 million an hour and buying the $100 million of Bitcoin the same 9 we could do a billion dollars of capital raising in a day, and we might have 20 million of exposure at 4 pm, and by 5 pm, 6 pm, we’re fully done.” Strategy is preparing to buy more BTC even as treasury companies face growing pressure after a sharp drop in net asset value (NAV).
Strategy’s BTC purchases are often viewed as a bullish catalyst for the 10 is the largest corporate holder of BTC , with 640,250 BTC after its latest purchase on October 11 to Saylor, Strategy can accumulate BTC and provide a return for investors far quicker than other avenues. “You can essentially sell it before you build. We’re literally building it in real time. We’re open for business every day with four credit 12 someone hit the bid and wanted to buy $500 million in a minute, we could build a building in a 13 60 14 is 15 changes 16 create the 17 bought the Bitcoin underlying that day.” Most Institutions Retain Positive Bitcoin Outlook A survey by Coinbase has revealed that almost two-thirds of institutional investors retain a positive outlook for 18 Duong, head of research at Coinbase Institutional, stated in a research report that most respondents are bullish about Bitcoin over the next few 19 institutional investor survey had 124 respondents, with 67% reporting a positive 20 also added that Bitcoin treasury companies were buying the dip, stating, “Looking at the supply/demand picture, it’s hard to overstate the impact that digital asset treasury companies have had on markets this year.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) has made a strong start to the week and has reclaimed the $110,000 21 flagship cryptocurrency fell to an intraday low of $103,516 on Friday but recovered over the weekend, rising 0.70% on Saturday and 1.37% on Sunday to settle at $108,676.
The price is up almost 2% during the ongoing session, trading around $110,697. Selling pressure eased over the weekend, allowing BTC to recover. However, analysts expect markets to remain volatile, and investors will be cautious ahead of the FOMC 22 Crypto Trades stated in a post on X, “Volatility is definitely high here due to the thin books post this massive market 23 are 24 after the massive liquidation event last 25 combined with weekend price action and a lot of emotional traders makes for relatively volatile moves on low timeframes.” Meanwhile, data from CoinGlass put liquidations over the past 24 hours at over $200 26 of the biggest reasons behind the market rebound is confirmation that senior Chinese officials will be meeting with representatives from the US to resolve trade issues ahead of the APEC summit in South 27 believe several near-term catalysts are driving the 28 Federal Reserve’s FOMC meeting is set for October 28-29, with investors anticipating a 25 bps rate 29 interest rates typically weaken the dollar and support risk assets like 30 spot ETF filings have also buoyed investor sentiment, helping price 31 believe approval of the ETF proposals of the XRP and Solana ETFs could boost institutional capital and further strengthen the 32 and the broader crypto market crashed last Friday (October 10), after President Trump announced 100% tariffs on Chinese goods and new export controls for 33 announcement was made in retaliation for China's imposition of restrictions on rare earth mineral 34 a result, BTC plunged to $102,000 on Binance before recovering and settling at $112,980.
Selling pressure persisted on Saturday as the price fell almost 2% to $110,768. Despite the overwhelming selling pressure, markets recovered on Sunday as BTC rose nearly 4% to reclaim $115,000 and settle at $115,067.
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