bullish

Bitcoin

when

Rekt

Bitcoin is trading around $109,000 with modest movement over the last day. The weekly chart still shows a broader pullback, and recent data points suggest pressure may continue.
Analysts are watching historical support levels, especially those tied to on-chain cost metrics.
<h2 id="realized-price-levels-come-into-focus">Realized Price Levels Come Into Focus</h2>
Bitcoin has slipped below the short-term holder (STH) realized price, which stands at $113,250. Long-term holder (LTH) realized price is much lower, near $36,910. In past cycles, when BTC lost the STH level, it often moved down toward the LTH price. This pattern has shown up during large corrections.
Ali Martinez noted,
<blockquote class="twitter-tweet">
 Historically, when Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> breaks below the STH Realized Price, it tends to fall under the LTH Realized Price too, now sitting at $37,000. <a href="https://t.co/HM4RuypxXp" rel="noopener noreferrer nofollow">pic.twitter.com/HM4RuypxXp</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1981274141379772573?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 23, 2025</a>
</blockquote>

While BTC is still far above the $37K range, traders are tracking this area as a possible target if selling deepens. So far, there is no indication that the LTH zone is under threat, but the setup matches earlier downside phases.
<h2 id="retail-selling-on-binance-rises">Retail Selling on Binance Rises</h2>
CryptoQuant data shows a rise in selling activity from retail traders. On October 22, about 13,000 BTC were sold on Binance—worth around $1.4 billion. This marked the second big wave in one week, following a similar event on October 17.
Amr Taha <a href="https://cryptoquant.com/insights/quicktake/68f9d2f169a00919b9cff9cc-Binance-Retail-Traders-Sell-14B-BTC-Whales-Quietly-Accumulate" rel="noopener noreferrer nofollow">wrote</a>,
<blockquote>
 “This marks the second major selling wave in a week.”
</blockquote>
The STH realized cap, which reflects the value held by short-term holders, fell from $15.2B to $2.2B in eight days. This signals that many exited their positions, locking in losses or shifting assets. At the same time, long-term wallets appeared to be increasing holdings, a pattern seen often during retail-driven dips.
<h2 id="key-demand-zone-holds-steady">Key Demand Zone Holds Steady</h2>
Bitcoin is still trading above a long-standing support zone between $108K and $110K. This level has served as a base in previous market slowdowns. The 21-week EMA is sitting near the same range, which may be adding to the current support.
On the daily chart, the price is showing early signs of building a higher low, marked by a rising line from recent candles. Rekt Capital <a href="https://x.com/rektcapital/status/1981312356152971596" rel="noopener noreferrer nofollow">said</a> this is only a “very initial” development. A firm move back above $114K is needed to shift momentum. For now, BTC remains range-bound.
<h2 id="traders-watching-cpi-and-macro-news">Traders Watching CPI and Macro News</h2>
Short-term moves may depend on upcoming data. Ted <a href="https://x.com/TedPillows/status/1981278430089089169" rel="noopener noreferrer nofollow">said</a>,
<blockquote>
 “If CPI comes higher than expected, expect more pain ahead.”
</blockquote>
A softer inflation reading could help risk markets. Elsewhere, technical traders <a href="https://x.com/CryptosBatman/status/1981310526186721457" rel="noopener noreferrer nofollow">noted</a> a bullish divergence and a golden cross on the 12-hour chart. Bitcoin is still holding the lower end of its recent range after rejection near $114,500.
Meanwhile, some large BTC holders are <a href="https://cryptopotato.com/bitcoin-whales-getting-back-into-tradfi-via-etfs-says-blackrock/" rel="noopener noreferrer nofollow">moving</a> funds into spot ETFs, seeking better access to traditional finance while avoiding taxable events. Analysts at VanEck <a href="https://cryptopotato.com/global-m2-growth-signals-bitcoin-bull-market-intact-despite-october-crash-says-vaneck/" rel="noopener noreferrer nofollow">called</a> this part of a “liquidity-driven mid-cycle reset” in a recent note.
The post <a href="https://cryptopotato.com/bitcoin-flashing-red-could-btc-fall-back-to-the-37k-lth-zone/" rel="noopener noreferrer nofollow">Bitcoin Flashing Red: Could BTC Fall Back to the $37K LTH Zone?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Flashing Red: Could BTC Fall Back to the $37K LTH Zone?

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