Bitcoin Price Analysis: BTC Risks Drop To $100,000 As Whale Doubles Down On Short Position

Bitcoin (BTC) slumped back into the red on Tuesday as market sentiment soured after President Trump threatened to call off a scheduled meeting with Xi ￰0￱ flagship cryptocurrency reached an intraday high of $114,082 on Tuesday before settling at $108,362. Meanwhile, the Bitcoin whale, known as the “Trump insider,” has doubled down on their short position, raising it to 2,100 BTC , worth $227 ￰1￱ Chart Echoing 1970 Soybean Bubble: Peter Brandt Veteran trader Peter Brandt believes Bitcoin’s price chart is showing similarities to the soybean market from the ￰2￱ soybean market saw prices top before dropping 50% as supply began to outweigh demand. However, Bitcoin analysts are confident of further ￰3￱ stated during an interview, “Bitcoin is forming a rare broadening top on the ￰4￱ pattern is famous for ￰5￱ the 1970s, Soybeans formed such a top, then declined 50% in value.” Brandt warned that if Bitcoin follows a similar pattern, it could leave several companies, including Michael Saylor’s Strategy, underwater.

Strategy’s stock is down over 10% over the past 30 days as corporate Bitcoin treasuries face growing pressure thanks to a drop in net asset ￰6￱ also warned that the big Bitcoin rally that traders are waiting for may never come. Instead, the trader warned of a drop that could take prices as low as $60,000. However, most analysts agree that Bitcoin has one major rally left in this bear cycle, which could take it to $250,000. Sentiment At Extreme Fear “Uptober” has failed to improve market ￰7￱ Crypto Fear & Greed Index posted a score of 25, putting it firmly in “extreme fear” ￰8￱ trading account AlphaBTC stated in a post on X, “Bitcoin really needs to hold here, keeping the recent higher lows in tack and have another attempt at the monthly open where it was rejected yesterday.” However, not all analysts are ￰9￱ Hernandez, crypto investment specialist at 21Shares, believes Bitcoin’s “opportunity window” may open up again if the US Consumer Price Index (CPI) data shows signs of ￰10￱ predict a 3.1% year-over-year increase for ￰11￱ are already expecting a 25 bps rate cut by the Federal Reserve following the FOMC meeting next ￰12￱ cuts are typically beneficial for assets like ￰13￱ Bitcoin ETFs Register Inflows Spot Bitcoin ETFs recorded fresh inflows on Tuesday as BTC briefly crossed $114,000.

According to data from SoSoValue, the 12 spot Bitcoin ETFs registered $477 million in net inflows on October 21, breaking a four-day outflow streak that registered over $1 billion in outflows. Unsurprisingly, BlackRock’s IBIT registered the most inflows with $210 million, followed by ARK 21Shares ARKB with $162.85 million. Fidelity’s FBTC and Bitwise’s BITB also registered healthy inflows, bringing in a combined $104.33 ￰14￱ over $1 billion in outflows last week, spot Bitcoin ETFs have registered over $4.21 billion in net inflows so far in October, surpassing September’s $3.53 ￰15￱ (BTC) Price Analysis Bitcoin (BTC) reached an intraday high of $114,082 on Tuesday as market sentiment picked up.

However, President Trump’s comments derailed investor ￰16￱ a result, the price fell 1.99% and settled at $108,362. BTC is marginally down during the ongoing session, trading around $108,120. Bitcoin’s decline comes as the notorious Bitcoin whale accused of price manipulation doubled down on their short ￰17￱ whale pocketed over $200 million after shorting Bitcoin during the market crash on October ￰18￱ “Trump insider” whale and the “10B Hyperunit Whale” have made several bearish ￰19￱ “Trump insider” whale’s $234 million short position on Hyperliquid is already sitting on $6.7 million in unrealized ￰20￱ analyst called the whale’s actions “pure manipulation” and suggested the trader may intentionally dump their Bitcoin holdings to make prices drop towards the short position ￰21￱ are also waiting for the upcoming US Consumer Price Index (CPI) report on ￰22￱ predict a 3.1% year-over-year increase for ￰23￱ are already expecting a 25 bps rate cut by the Federal Reserve following the FOMC meeting next ￰24￱ cuts are typically beneficial for assets like ￰25￱ stopped short of “filling” the latest gap in CME Group’s Bitcoin futures ￰26￱ gaps result from futures closing at one price point and opening at another, and are generally created over the ￰27￱ markets tend to “fill” these gaps by returning to the space between the open and closing ￰28￱ Daan Crypto Trades stated in a post on X, “ BTC opened with a small CME gap below this ￰29￱ did come down to close some of it, but there’s still a bit ￰30￱ good to keep that in mind if the price were to trade close to ￰31￱ that, we did close the big gap at $110K last ￰32￱ was a gap that was left behind at the end of September before BTC rallied to new all-time highs.” BTC 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 imposing 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. The price faced selling pressure and volatility on Monday, ultimately registering a marginal increase and settling at $115,274.