Bitcoin’s Range-Bound Struggle: Short-Term Holders Face Mounting Pressure
Bitcoin's price has been stagnant near $112,500, causing significant anxiety among short-term holders, with over 56,000 BTC positions now underwater. The cryptocurrency remains locked in a tight trading range following last weekend's market crash, which wiped out gains from its recent all-time high of $126,000. Market analyst Darkfost notes that the lack of volatility is intensifying psychological pressure on speculators, raising concerns about potential further declines. Despite the current bearish sentiment, long-term holders remain optimistic, viewing this consolidation phase as a healthy correction before the next upward movement. The market's focus now shifts to whether Bitcoin can hold key support levels or if another wave of selling pressure will emerge.
Bitcoin Market Anxiety Grows as Short-Term Holders Panic Amid Range-Bound Price Action
Bitcoin's price stagnation NEAR $112,500 has triggered palpable anxiety among short-term holders, with over 56,000 BTC positions now underwater. The cryptocurrency remains trapped in a tight trading range following last weekend's market crash, which erased gains from its recent $126,000 all-time high.
Market analyst Darkfost observes that muted volatility is exacerbating psychological pressure on speculative traders. 'The STH realized price shows panic selling continues despite superficial market calm,' they noted. Tuesday's minor price dip sparked disproportionate liquidations, revealing the fragile sentiment among recent entrants.
TeraWulf Secures $3.2 Billion Funding for AI and Bitcoin Mining Expansion
TeraWulf is making a bold move into AI with a $3.2 billion debt financing plan, one of the largest single raises by a Bitcoin mining company. The funds will be raised through senior secured notes due within five years, targeting qualified institutional buyers under Rule 144A of the U.S. Securities Act.
Investors are offered a safety net: WULF Compute subsidiaries back the debt, with collateral including equity interests and a lockbox account at Fluidstack USA. Google LLC further bolsters the deal by pledging warrants for TeraWulf shares, signaling confidence—its stake in the company recently grew from 8% to 14%.
The company’s 10-year contracts with Fluidstack secure over 200MW of capacity at the Lake Marine data center, positioning TeraWulf at the intersection of bitcoin mining and AI infrastructure. Despite a 3.49% dip to $14.93 in recent trading, WULF’s year-to-date return of 163.25% reflects strong market optimism.
Bitcoin's Bull Cycle Intact Despite Short-Term Selling Pressure
Bitcoin's recent decline to $110,641 reflects a 9.28% weekly drop, driven primarily by heightened selling activity on Binance. CryptoQuant data reveals Binance traders are leading the sell-off, evidenced by negative funding rates and a divergence between Coinbase Premium and price action.
On-chain metrics tell a different story. Whale accumulation patterns and long-term holder behavior suggest the broader bullish trend remains undisturbed. The current dip mirrors historical corrections within sustained uptrends—volatility as usual for crypto's flagship asset.
Market structure reveals an intriguing dichotomy: U.S. institutional buying (reflected in positive Coinbase Premium) struggles to offset global exchange selling pressure. This tension between regional liquidity pools may create optimal accumulation zones before the next leg up.
New Wallets Move Over $160M In Bitcoin From Binance And FalconX – Details
Bitcoin hovers precariously above $110,000 as bulls attempt to fortify support levels following last week's dramatic plunge. The market remains on edge, torn between recovery Optimism and bearish apprehension after one of the year's most volatile trading periods.
On-chain analysts report significant whale movements, with newly created wallets withdrawing substantial BTC holdings from major exchanges. This cold storage migration typically signals accumulation phases or strategic portfolio repositioning among institutional players.
The cryptocurrency's price action shows tentative consolidation, though technical indicators reveal fragile momentum. Sustained recovery WOULD require stronger demand inflows to overcome current selling pressure.
Bitdeer Surges to Fifth Place Among Public Bitcoin Miners with New Sealminer Rigs
Bitdeer has overtaken Riot Platforms to claim the fifth position in hashrate rankings among public Bitcoin miners. The company's deployment of its proprietary Sealminer equipment added 5 EH/s to its mining capacity, driving a 15.5% monthly increase in total hashrate to 35 EH/s.
September saw Bitdeer mine 452 BTC, a 20.5% increase from August's 375 BTC. The miner's realized hashrate jumped from 24.64 EH/s to 32.74 EH/s, reflecting improved operational efficiency. New mining facilities in Norway's Tydal and Bhutan's Jigmeling contributed to the growth.
The company plans to reach 40 EH/s by October's end before phasing out older, less efficient third-party rigs. Bitdeer has already manufactured 34.2 EH/s worth of its Sealminer A2 units, with 22.6 EH/s currently operational.
Peter Schiff Doubles Down on Bitcoin Criticism Amid Market Volatility
Gold advocate Peter Schiff has renewed his attack on Bitcoin, declaring the cryptocurrency a failed experiment as a hedge against fiat debasement. His latest broadside comes as BTC experiences heightened volatility, briefly dipping below $108,000 despite posting 60.8% year-to-date gains—performance nearly identical to gold's 60.6% appreciation.
The financial analyst's Twitter diatribe framed Bitcoin's recent price action as evidence of its unsuitability for the 'debasement trade,' a basket of assets traditionally including precious metals. 'HODLers are in denial,' Schiff tweeted, asserting that BTC has failed both as digital Gold and as a dollar alternative. His critique coincides with silver's 67% annual surge, temporarily eclipsing Bitcoin's returns among inflation-hedge assets.
Market data reveals a paradox: while debasement-trade assets collectively outperform equities, Bitcoin's 1.8% October volatility reading underscores Schiff's Core argument about instability. The cryptocurrency's flash crash this week has reignited debates about its store-of-value credentials, particularly among gold proponents who view such price swings as disqualifying for serious institutional adoption.
