Basic Points:
-
Bitcoin chops around $ 114,000 as a whale expect more BTC price losses later.
-
Pressures of short-term price holders, with a cost basis below the $ 114,000 mark.
-
The main average transitions are seen as support bases.
Bitcoin (Btc) struggles to hold its rebound on Monday of Wall Street Open as a controversial whale added to their BTC price downward bet.
Bitcoin Whale doubled at BTC price
Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD retreating from a high -day high of $ 116,000.
The pair quickly closed a reversed “gap” in the CME group’s bitcoin futures market, and then dipped under the sun -opening open.
$ Btc CME gap is now closed https://t.co/cd6fq3na1a pic.twitter.com/owy2aa1bb6
– road crypto trades (@daancrypto) October 13, 2025
Markets do not move words from the US government to a potential US-China trade transfer that can prevent a major tariff increase.
The Treasury Secretary Scott Bessent announced the “working levels” in China later on Sunday.
“We believe it is a tactical increase (by Beijing) to mold pre-summit bargaining, not a strategic decay,” Morgan Stanley’s analysts wrote in a day’s note, quoted by resources including Reuters.
While entrepreneurs await clues, attention is focused on an unknown Bitcoin whale who has been confined The $ 20 billion event on Friday’s upbringing By spinning before the news hit China.
On Monday, the entity was added to its short position, which at the time of writing cost 3,500 BTC with a production price of nearly $ 120,000.
“As I said yesterday, he might want to lose money or be liquid so people don’t think he has insider information,” crypto and businessman Ted Pilows analysts Reaction In a post on X.
Commentator Max Keizer suggested That foul play is involved, claiming that “banks lend (i.e., printing) billions to fund nude bitcoin-shorts.”
“It won’t work,” he added.
Bitcoin’s speculators have flipped between income and loss
BTC price action thus rotates a major support line, represented by the integrated cost basis of short-term holders (STHS).
Related: $ 120k or end of the bull market? 5 things to know in bitcoin this week
Number Cointelegraph reported.
Data from Onchain analytics platform Glass node Puts the basis of the STH cost for $ 113,861 to week.
Continuing, the Onchain Analytics platform that flagged three trends as important to watch next: the 30-day, 90-day and 200-day simple moving average (SMA).
In one of these ”Quicktake“Blog posts during the day, the Arab chain contributor wrote:
“This structure suggests that the long-term structure of the structure remains intact (since the price is still above 200-DMA), but the short-to-medium-term tactical momentum has weakened, with the price now below the 30- and 90-DMA, which converts to a dynamic resistance.”
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
