Bitcoin Ends October Down 3.3% Amid Long-Term Holder Sales

Bitcoin's price has been stagnant in October, showing a 3.3% monthly drop and hovering below $110,000. This could be the first time in seven years Bitcoin ends October with losses. Analysts point to long-term holders selling since July, reducing their holdings by 810,000 BTC from 15.5 million to 14.6 million.

Despite selling pressure, Bitcoin reached new all-time highs twice, indicating strong market demand.
Long-inactive whale wallets have increased activity, with an average of 5,600 BTC inflows to Binance, contrasting with weak retail investor participation.

BTC Price Outlook for November

Bitcoin tested the $106,000 support zone on October 31, but analysts remain optimistic for November.
Each test of the $106,000-$108,000 range shows reduced volatility, suggesting market resilience.
The need to reclaim the holders’ cost-basis zone is emphasized to prevent downside pressure.
Unrealized losses at $107,000 are about 1.3% of market cap, lower than past bear markets.

Bitcoin Hyper Raises Over $25 Million

Bitcoin Hyper (HYPER), a next-gen Layer 2 network aiming to enhance Bitcoin's efficiency, raised $25.3 million in its presale. It offers faster transactions with lower costs while maintaining Bitcoin’s secure foundation.

HYPER token supports transaction fees, staking, and platform features.
Presale price is $0.013195 with early investors enjoying a 46% annual yield.