Bitcoin holds near $107K as risk appetite cools after cautious Fed signals
Key takeaways
- Bitcoin is trading at $107,966, down 1.86% in the past 24 hours as of 10:00 a.m., 3 November, amid a broader market lull.
- The wider crypto market is displaying caution: though prices are stable, trading volumes remain low, and many large-cap altcoins sit in the red or show weak momentum.
- The broader crypto market is showing caution with a total market cap stabilizing near $3.62 trillion, down more than 2.22% in the last 24 hours.
- A handful of altcoins are holding up better, but overall, it appears traders are stepping aside, waiting for fresh catalysts rather than initiating new large positions.
- Institutional accumulation persists in the background, but the pace of new flows has softened, suggesting structural demand exists but is tentative.
- Seasonality is exerting pressure: October marked one of Bitcoin’s first potential monthly losses in several years, signaling that “Uptober” did not deliver its usual strength.
Macro factors at play
- Policy and liquidity: With the Federal Reserve indicating fewer near-term rate cuts and inflation prints still in focus, risk assets like crypto are being treated carefully.
- Risk-off triggers: Trade tensions, global macro uncertainty, and a resilient U.S. dollar are dampening speculative flows into digital assets.
- Technical signals: Bitcoin remains above key support zones, but has yet to convincingly break higher, suggesting consolidation rather than a fresh uptrend.
Support and Resistance
- Support band: $107K–$109K remains critical. Holding this zone is key to avoiding a deeper slide.
- Resistance band: $113K–$116K is the nearest ceiling. A clear breakout above this range, ideally with volume and inflows, could target $120K+ ahead.
Currently, Bitcoin is stuck in a range between $107K and $113K, indicating a pause in trend direction rather than a breakout.
What to watch
- ETF and fund flow changes: A shift from net outflows or flat flows to persistent net inflows into spot Bitcoin ETFs could spark renewed upside interest. While Bitcoin is under pressure, spot ETFs for Solana pulled in nearly $200 million in just four days, suggesting a possible rotation from Bitcoin to altcoin infrastructure plays.
- Macro prints and Fed commentary: Upcoming inflation (CPI/PCE) and central-bank remarks will be pivotal, hawkish surprises may cap upside, while dovish signals could lift crypto risk appetite.
- On-chain and infrastructure metrics: Keep an eye on large wallet movements, exchange outflows, long-term holder accumulation, and futures open interest; these help distinguish genuine accumulation from short-term speculation.
- Altcoin rotation signals: If large-cap altcoins begin outperforming Bitcoin while it consolidates, it may signal capital rotating into secondary assets, a precursor to broader market expansion.
- Regulatory developments in key regions: The European Commission is reportedly preparing to expand legal supervision of crypto & traditional exchanges, which could impact global institutional flows.
- Seasonality and directional risk: Bitcoin recorded its first monthly loss in October since 2018, which breaks one of the long-running bullish seasonal patterns (“Uptober”) and raises the bar for upside momentum.
Market outlook
The market appears to be in a consolidation phase, rather than starting a fresh uptrend. If Bitcoin can defend the $107K–$109K support zone and then breaks above $113K–$116K with credible flow backing, a move toward $120K+ becomes plausible. Conversely, failure to hold support may open the door to a slide toward the low-$100K region. In the next 24-72 hours, expect heightened volatility, with flows, macro data, and news events likely mattering more than pure technicals.
Top gainers
Date: 3 Nov. 2025, 10:00 a.m.
Top losers
Date: 3 Nov. 2025, 10:00 a.m.
