Key points:
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ETF flows and gathering space by investors and institutional investors highlight the belief that Bitcoins are trading at a discount.
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Next week’s US calendar events should bring a resolution to a number of fear catalysts that are suppressing prices across the crypto market.
Bitcoin (BTC) Traders spent most of the week arguing as sellers trapped each price breakout at $112,000 and buyers stepped in to defend all dips in the $107,000 to $108,000 zone.
Some analysts have expressed concern over BTC’s inability to hold prices above $112,000 and the frequent readjustment to low ranges, but the compression range shown by the 4-hour and daily higher lows and lower highs (candlestick chart below) could be a positive sign.
Technical traders often point out that “compression before expansion” is expected as volatility drops and consolidates prices after a major market move like the October 10 sell-off, which saw BTC open interest fall by 50%.
Under the daily price action, there are some positive developments that suggest BTC will eventually return to the $120,000 price zone. On Tuesday, the Bitcoin ETFS position was taken at $477 million while BTC price traded at $114,000 from $107,500.
Related: Price predictions 10/24: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, Hype, Link, XLM
Alongside these flows, the data shows spot buyers across order size cohorts on Binance and Coinbase Exchange stepped up to buy across the range from $101,500 (Binance) to this week’s high range (114,000).
Currently, Glassnode’s Bitcoin Accumulation Trend Score Metric also shows a score of 0.924 and the Onchain Data Provider explains that a “trend score close to 1 indicates that in the aggregate, larger entities (or a large part of the network) are accumulating, and a value close to 0 indicates that they are distributing or not accumulating.
Multiple analysts agree that the consolidation of the scope of Bitcoin may reach an end early next week, and altcoins may begin to recover due to the US macroeconomic calendar filled with a list of events.
We had a capitulation, everyone thought there was no alt-season. Let’s remind everyone that:
1) QT will end
2) Gold is in the distribution phase
3) Macro stabilizes
4) China Polymarket Odds for a deal above 60%
5) $ 7.4 trillion in MMF that will soon be rotated in the market as fed … https://t.co/3boho4ckpt– Negentropic (@negentropic_) October 24, 2025
This article is for general informational purposes and is not intended to be and should not be construed as legal or investment advice. The views, thoughts, and opinions expressed herein are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
