$BTC Analysts Warn New Catalysts Needed To Sustain Rally


$BTC may struggle to maintain upward momentum without fresh market drivers, according to Glassnode's latest analysis. The on-chain analytics firm said failure to reclaim the $117,100 level could trigger deeper price contractions.


The asset traded around $110,840 at publication time, sitting approximately 5% below the key $117,000 threshold. Glassnode noted that historical patterns show prolonged corrections often follow when #Bitcoin fails to hold this technical zone.


Long-term holders have increased profit-taking activity recently, potentially signaling demand exhaustion, according to the report. The behavior suggests experienced investors are reducing positions rather than accumulating during the current price action.


Hyblock Capital CEO Shubh Varma expects relatively volatile trading ahead, projecting potential upside between $116,000 and $120,000. He said consolidation represents the likely outcome following the significant market crash that briefly pushed $BTC to $102,000.


However, Varma noted several indicators suggest positive #momentum remains possible despite recent turbulence. Exchange-traded fund inflows stay elevated while spot trading volume maintains healthy levels across major platforms.


U.S.-based spot $BTC ETFs recorded a nine-day inflow streak totaling $5.96 billion before last Friday's broader market decline. The sustained institutional buying demonstrates continued appetite for regulated #exposure to digital assets.

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October 16, 2025 at 11:45 AM
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