🟦Bitcoin failed to hold above the $113,000 resistance, and Glassnode analysts are warning of a possible drop to $88,000. Data shows that in October, long-term holders sold roughly 104,000 BTC — the largest outflow since July — while short-term investors continue to realize losses. The market remains locked between $107,000 and $117,000, with fragile equilibrium between buyers and sellers.
🟦Experts note that Bitcoin’s inability to maintain momentum after six months of stable trading signals waning bullish interest. Without strong catalysts, the asset could face a prolonged consolidation or deeper correction. Sustained recovery will likely require a renewed wave of institutional demand or major macro triggers.