Bitcoin Consolidates on October 25, trading in a narrow 1.8% range below a key breakout threshold. The price action showed a clear battle between buyers and sellers, with resistance forming around $111,800-$111,900 and support holding near $109,800.
Despite the sideways movement, institutional demand showed steady improvement. Spot Bitcoin ETFs recorded their second consecutive day of inflows, adding $90.6 million on October 24. Fidelity’s FBTC led with $57.9 million, followed by BlackRock’s IBIT with $32.7 million. This consistent institutional buying represents a healthy shift in market sentiment.
Technical Levels to Watch
The current consolidation has established clear levels that will determine Bitcoin’s next directional move. A clean break and sustained close above $112,000 would shift focus toward the $115,000 resistance level. Conversely, a loss of the $109,800 support could trigger a retest of $108,000.
Trading volume peaked during the session at 14:00 UTC when 23,728 BTC changed hands, but cooled significantly into the close, indicating a period of equilibrium between buyers and sellers.
Market sentiment showed modest improvement, with the Crypto Fear and Greed Index climbing from 30 to 37. While still in “Fear” territory, the steady upward trend suggests growing confidence among investors
My Thoughts
This is a healthy consolidation after the recent CPI-driven rally. The steady ETF inflows are particularly encouraging—they show institutions are accumulating at these levels rather than chasing prices higher. The market needs to build a solid base before attempting the $112,000 breakout. If ETF flows remain positive, that breakout becomes increasingly likely in the coming sessions.
