Bitcoin Faces Critical Resistance as Long-Term Holders Liquidate $293 Million Daily

Bitcoin continues to struggle below crucial cost-basis levels, with long-term investors selling approximately $293 million worth of BTC daily according to recent market data. The cryptocurrency remains trapped beneath the significant $107,000–$118,000 resistance zone, where repeated recovery attempts have been thwarted by persistent profit-taking and weakening demand. Glassnode analytics reveal a concerning pattern where brief price rallies immediately encounter substantial selling pressure, preventing any sustained upward momentum. This ongoing distribution by long-term holders, combined with the failure to maintain positions above key psychological levels, suggests continued near-term pressure on Bitcoin's price trajectory. Market analysts are closely monitoring whether this selling pressure represents a temporary profit-taking phase or signals a more fundamental shift in investor sentiment toward the world's largest cryptocurrency.

Bitcoin Under Pressure as Long-Term Holders Sell $293 Million Daily

Bitcoin remains trapped below critical cost-basis levels, with long-term holders offloading approximately $293 million worth of BTC daily. The $107,000–$118,000 resistance zone continues to cap recovery attempts, as profit-taking and softening demand weigh on momentum.

Glassnode data reveals a recurring pattern: brief rallies face immediate selling pressure, preventing sustained upside. The failure to hold above the $113,100 short-term holder cost basis signals eroding confidence. A breakdown could see Bitcoin retest the $88,000 support level—a historical reset point during previous market cycles.

Federal Reserve hawkishness and tightening liquidity compound the challenges. While volatility has subsided, traders exhibit caution amid weak spot demand and fading conviction. The market now watches whether short-term holders will accelerate selling pressure or if institutional flows can stabilize prices.

SpaceX Executes Third Major Bitcoin Transfer Amid Market Volatility

Elon Musk's SpaceX has moved another 281 bitcoin worth $31.33 million, marking its third significant transfer in ten days. Blockchain data reveals a complex flow: part of the funds landed in a new wallet, while $19.33 million reached Coinbase Prime. The total recent movements now approach $450 million.

Speculation intensifies as these transactions coincide with Bitcoin's dip below $110,000. Unlike prior transfers, this operation didn't reuse previous addresses, suggesting potential custody restructuring or strategic repositioning. Market watchers scrutinize whether these moves signal institutional accumulation or portfolio rebalancing.

The space company's crypto activity mirrors Tesla's historical Bitcoin transactions, reinforcing Musk's influence on digital asset markets. Analysts note the absence of clear explanations fuels both bullish theories about corporate adoption and bearish concerns over liquidations.

Bitcoin Slides Amid Fed Caution and Failed Trump-Xi Trade Talks

Bitcoin extended losses Thursday as markets reacted to the Federal Reserve's tempered rate-cut expectations and inconclusive U.S.-China trade discussions. The cryptocurrency fell below $110,000, reflecting broader risk aversion among investors.

Federal Reserve Chair Jerome Powell's reluctance to commit to immediate easing disappointed traders who had anticipated more aggressive monetary support. The central bank's 25-basis-point cut to 3.75%-4% marked a policy pivot, but Powell's cautious tone overshadowed the move.

Geopolitical tensions compounded market unease after President TRUMP and President Xi failed to reach a trade agreement during their South Korea meeting. The lack of breakthrough in negotiations added to existing uncertainty across global markets.

Analysts suggest Bitcoin's weakness may prove temporary. The Fed's gradual shift toward easier policy and eventual liquidity injections could create favorable conditions for crypto assets in coming quarters.

Strategy Inc. Reports $2.8 Billion Profit Driven by Bitcoin Holdings Surge

Strategy Inc. (Nasdaq: MSTR) posted a net income of $2.8 billion in Q3, with diluted earnings per share reaching $8.42. The company's Bitcoin holdings now stand at 640,808 BTC, valued at $70.9 billion as of October 26. Acquired at an average cost of $74,032 per bitcoin, the total investment amounts to $47.4 billion.

Operating income soared to $3.9 billion, a stark contrast to last year's $432.6 million loss. This turnaround is attributed to unrealized gains on Bitcoin, enabled by new fair value accounting rules implemented in January 2025.

Year-to-date, Strategy has raised $20 billion through capital markets, achieving a 26% BTC Yield and $12.9 billion in BTC dollar gains. CEO Phong Le reaffirmed full-year targets, including $20 billion in BTC gains and a 30% BTC Yield. CFO Andrew Kang maintained 2025 guidance of $34 billion in operating income and $24 billion in net income.

AUSTRAC Fines CryptoLink for AML Compliance Failures

Australia's financial intelligence agency AUSTRAC has imposed a AU$56,340 penalty on crypto ATM operator CryptoLink for deficiencies in its Anti-Money Laundering (AML) framework. The enforcement action highlights regulatory scrutiny over Australia's rapidly expanding crypto ATM sector, which has grown from 1,608 machines in August 2024 to over 2,000 by 2025.

AUSTRAC's Crypto Taskforce identified delayed reporting of large cash transactions and inadequate AML controls. "This penalty serves as a reminder that crypto businesses must maintain robust compliance systems," said AUSTRAC CEO Brendan Thomas. The agency's recent investigations uncovered significant money laundering risks associated with crypto ATMs, describing a "hidden world of scams and dodgy dealings" in the sector.

Bitcoin Investors Brace for Fed Decision Amid Cautious Market Sentiment

Bitcoin traders are adopting a defensive stance as global markets await the Federal Reserve's pivotal policy decision. Despite improving macroeconomic indicators and declining global uncertainty, the cryptocurrency market remains hesitant, with BTC posting only modest gains this week.

The Alphractal Global Economic Policy Uncertainty Index continues its downward trajectory, historically a precursor to stronger risk-asset rallies. Bitcoin's 69.5% year-to-date performance dramatically outpaces the S&P 500's 10.1% gain, reinforcing its status as the ultimate high-beta play during improving market conditions.

South Korean traders are emerging as early accumulators, with the Korean Premium Index signaling renewed retail interest. This regional activity often foreshadows broader global demand patterns for digital assets.