2 hours ago
Key points:
Bitcoin chops astir $114,000 arsenic a whale expects much BTC terms losses next.
Price pressures short-term holders, who person their outgo ground conscionable beneath the $114,000 mark.
Key moving averages are successful presumption arsenic enactment bases.
Bitcoin (BTC) struggled to clasp its rebound astatine Monday’s Wall Street unfastened arsenic a arguable whale added to their BTC terms downside bet.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin whale doubles down connected BTC terms dip
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retreating from regular highs of $116,000.
The brace rapidly closed an upside “gap” successful CME Group’s Bitcoin futures market, and past dipped nether the regular open.
$BTC CME Gap has present been closed ✅ https://t.co/Cd6fq3Na1A pic.twitter.com/OWy2aa1bb6
— Daan Crypto Trades (@DaanCrypto) October 13, 2025Markets were unmoved by words from the US authorities implicit a imaginable US-China commercialized determination that could avert a large tariff escalation.
Treasury Secretary Scott Bessent announced “working level” talks with China aboriginal successful the week.
“We judge this is simply a tactical escalation (by Beijing) to signifier pre-summit bargaining, not a strategical decoupling,” Morgan Stanley analysts wrote successful a enactment connected the day, quoted by sources including Reuters.
As traders waited for cues, attraction focused connected an chartless Bitcoin whale who had capitalized connected Friday’s $20 cardinal liquidation event by shorting conscionable earlier the China quality hit.
On Monday, the entity added to its abbreviated position, which astatine the clip of penning was worthy 3,500 BTC with a liquidation terms of astir $120,000.
“As I said yesterday, helium possibly wants to suffer wealth oregon get liquidated truthful radical won’t deliberation helium had insider information,” crypto expert and entrepreneur Ted Pillows reacted successful a station connected X.
Commentator Max Keiser suggested that foul play was involved, claiming that “banks are lending (ie printing) billions to money bare Bitcoin-shorts.”
“It won’t work,” helium added.
Bitcoin whale abbreviated position. Source: Max Keiser/XBitcoin speculators flip betwixt nett and loss
BTC terms enactment frankincense circled a cardinal enactment line, represented by the aggregate outgo ground of short-term holders (STHs).
Related: $120K oregon extremity of bull market? 5 things to cognize successful Bitcoin this week
As Cointelegraph reported, STH wallets, tied to entities hodling for up to six months, relation arsenic a information nett during bull marketplace drawdowns.
Data from onchain analytics level Glassnode puts the STH outgo ground astatine $113,861 arsenic of Sunday.
Bitcoin: Short-term and Long-term Holder Cost Basis. Source: GlassnodeContinuing, onchain analytics level CryptoQuant flagged 3 inclination lines arsenic important to ticker next: the 30-day, 90-day and 200-day elemental moving averages (SMAs).
In 1 of its “Quicktake” blog posts connected the day, contributor Arab Chain wrote:
“This operation suggests that the semipermanent structural uptrend remains intact (as the terms is inactive supra the 200-DMA), but short- to medium-term tactical momentum has weakened, with the terms present beneath the 30- and 90-DMA, which person converged into a dynamic absorption zone.”
BTC/USD one-day illustration with 30, 90, 200SMA. Source: CryptoQuantThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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