14 hour ago
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Bitcoin Trades Near $105K with Rising Spot Volume and Whale Activity
Bitcoin Consolidation and Market Dynamics
- Bitcoin is consolidating below the $107,000–$108,000 resistance zone, trading around $105,000 with support near $104,000.
- Spot trading volume increased by 23% over the past week, indicating renewed speculative interest.
- Popular trader Ted suggests a potential short-term bottom near $104,000, possibly aligning with a CME gap fill on November 11.
- Analyst Kamran Ashgar predicts a possible rally towards $110,000 if the $104,000 support holds.
Whale and Miner Activity
- The Exchange Whale Ratio (EWR) has increased from 0.35 to 0.55, suggesting potential profit-taking or repositioning by large holders.
- This EWR uptrend coincides with Bitcoin's rebound from $100,000, indicating accumulation by large investors.
- Miner outflows are declining, suggesting miners are holding onto Bitcoin, reducing short-term selling pressure.
- Current miner outflows are lower than April–June 2025 levels, indicating a neutral-to-bullish outlook.
