Bitcoin News Today: Bitcoin Faces $110k Turning Point as Bulls and Bears Battle for Dominance

This week, Bitcoin’s value dropped below $110,000, experiencing one of the steepest monthly declines since July 2025. The sell-off was driven by increased selling from long-term holders (LTHs) amid heightened market uncertainty ahead of the Federal Reserve’s policy announcement, according to a

. Data from the past month shows that LTHs—those who have held BTC for more than 155 days—sold off 325,600 , as reported by . This is the largest monthly outflow since July 2025 and has added to the volatility in a market still unsettled by a $3 billion liquidation event that occurred in early October, according to .

Bitcoin’s drop has put key support levels to the test, with the $110,000 mark being revisited for the third time in ten days. Experts caution that if this level fails to hold, it could trigger additional short-term downward pressure, potentially sending the price toward the next significant on-chain support at $93,300 for coins held between 6 and 12 months. At the same time, spot trading activity has increased, indicating more robust market engagement as investors shy away from leveraged positions following October’s wave of deleveraging.

The intensified selling has been linked to a major whale, believed to be early adopter Owen Gunden, who reportedly transferred 2,587.6 BTC—valued at $290 million—to Kraken in less than ten days, as first noted by Yahoo Finance. Gunden’s moves, along with ETF outflows totaling $471 million in October, highlight a broader trend of profit-taking as holders cash in after Bitcoin’s 128-day run above $100,000.

However, not all on-chain signals suggest a bearish outlook. So-called Bitcoin mega whales—those with more than 1,000 BTC—added 52,500 Bitcoin ($5.7 billion) to their holdings in October, reflecting strong institutional confidence, according to a

. This accumulation, spread across several wallets and accompanied by transfers to cold storage, points to long-term investment rather than short-term speculation.

The market’s direction remains closely tied to broader economic developments. The Federal Reserve’s 25-basis-point rate cut did not spark a rally, with Bitcoin slipping below $109,000 as concerns over U.S.–China trade relations persisted, according to

. Although a temporary trade agreement briefly boosted prices, ongoing geopolitical uncertainties continue to weigh on bullish sentiment. Analysts at CryptoQuant emphasize that while higher spot trading volume is a positive indicator, it does not ensure buyers will dominate in a sideways market.

Investors are now paying close attention to key on-chain indicators. As highlighted in a

, the Cost Basis Distribution Heatmap shows that recent rebounds from $116,000 have faced strong resistance, echoing patterns seen during previous corrections in 2024 and 2025. Meanwhile, the Short-Term Holder Net Unrealized Profit/Loss (STH-NUPL) metric reveals weakening bullish sentiment, with the market on the verge of extended consolidation.

Given the current volatility, experts recommend disciplined approaches such as dollar-cost averaging (DCA) to help manage the risks of emotional trading, as outlined in a

. By investing set amounts at regular intervals, investors can reduce the impact of price fluctuations and avoid the dangers of trying to time the market—a lesson reinforced by Bitcoin’s recent instability.

With the FOMC meeting approaching, the market is looking for direction on interest rate policy, which could shape Bitcoin’s next move. For now, the $110,000 level remains a crucial battleground, with both bullish and bearish forces competing for dominance.