Bitcoin is trading at around $107,950, with trading volume exceeding $105 billion in a 24-hour period, with investment institutions’ interest in the currency waning following a volatile sell-off in mid-October. The digital asset investment product saw an outflow of $513 million last week, the second-largest withdrawal of 2025, according to CoinShares.
Most of the withdrawals were concentrated in Bitcoin, which saw the recovery of $946 million in investments as asset management firms reduced high-risk investments after sharp market swings.
Despite this decline, activity remained high, with exchange-traded product (ETP) trading volumes approaching $51 billion, nearly double the annual average. This indicates that traders are repositioning their positions, without exiting the market completely.
The United States leads the sales and Europe buys the dip.
Divestments were concentrated in the United States, where approximately $621 million of investments were removed from funds in one week. On the other hand, European investors took the opposite stance, as Germany, Switzerland and Canada saw total investments approach $144 million, showing the willingness to buy with falling prices following the October 10 liquidation wave, which drained nearly $19 billion from crypto platforms.
Among fund providers, BlackRock’s iShares fund and Grayscale fund saw the largest redemptions, collectively exceeding $1 billion. Fidelity and Bitwise funds saw smaller withdrawals, while multi-asset funds in Europe saw small outflows of around $29 million.
Technical analysis and Bitcoin price prediction
The Bitcoin price action chart shows relative stability within an ascending channel at the $107,950 level after failing to break through $111,730, while the 20-day and 50-day EMAs are stable, indicating near-term hesitation. However, the long lower tail of the last candle indicates buying interest as the price drops to $107,700, which represents the lower boundary of the channel.
A relative strength index (RSI) near 45 indicates neutral momentum, with a possible bullish divergence forming. If Bitcoin price maintains levels above $107,400, it could rebound towards $111,700 and then $115,900. If a decisive breakout occurs below this level, it could return to around $104,400 and $101,100.
For traders, entering a bullish trade at $107,700 with a stop loss at $106,900 and a target between $111,600 and $115,900 represents a good opportunity. As volatility subsides, a breakout in either direction could determine Bitcoin’s trajectory in the final quarter of the year, potentially reigniting optimism that institutional investment momentum will return through the end of the year.
Bitcoin Hyper-HYPER: The expected evolution of Bitcoin on the Solana blockchain
Bitcoin Hyper Launches a New Era for the Bitcoin Technical System; While Bitcoin represents the benchmark for security, the new Bitcoin Hyper solution seeks to give the Bitcoin blockchain what it has always lacked: speed comparable to the Solana Blockchain.
As the first Bitcoin Blockchain Layer 2 solution running on the Solana Virtual Machine (SVM) with the aim of combining the security and stability of the Bitcoin blockchain with the speeds of the Solana blockchain, the new Bitcoin Hyper network will enable… These offer ultra-fast speeds, low-cost smart contracts, decentralized applications (dApps) and the launch of meme coins, all within the framework of Bitcoin security standards. blockchain.
The coin’s smart contract, designed to combine scalability, simplicity and reliability, was successfully reviewed by the Coinsult team, and the project is seeing growing interest with oversubscriptions to date exceeding $24.5 million, with the coin currently selling at $0.013155, ahead of the planned increase.
As activity on the Bitcoin blockchain increases and demand for its efficient decentralized applications grows, the Bitcoin Hyper project is emerging as a connecting vehicle for two of the industry’s largest technology ecosystems. If the Bitcoin blockchain laid the foundation stone, then Bitcoin Hyper here will improve its functionality and make it faster, stronger and nicer again.
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The article Bitcoin (Bitcoin-BTC) Price Expectations: Pressure from $1.2 Billion Outflow from Exchange Traded Funds (ETFs), and Traders’ Eyes Focused on Key Support Level of $107,000 appeared first on Cryptonews Arabic.
