New whales in trouble on BTC – Bitcoin October 23
Two analysts estimate that the recent explosion in the global money supply (M2), up 6.2% in six months, could push Bitcoin to $600,000. As in the previous cycle, money printing could once again lead to progress in BTC. As long as the weekly uptrend line holds, there is hope for buyers. But be careful as the whales are struggling to break below $113,000. We go into detail in the Bitcoin Bulletin!
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Bitcoin Price Remains Fragile Over The Last Three Months (-5.8%)
Bitcoin price is in full swing consolidation phase shows a very slight increase in the short term 0.6% in 24 hours. On the other hand, BTC is in down 2.3% for the weekfrom 3% in one monthand 5.8% in three months.
Bitcoin performance against different pairs. Source: Coincheckup
There are crypts brittleand therefore Bitcoin is stronger than Ethereum. The BTC/ETH pair is rising1% in 24 hoursfrom 2.2% per week az 5.4% in one month.
Whales in trouble with Bitcoin price below $113,000
Investors who bought BTC in the last 155 days have a name, they are called short term holder (short-term holders). We can see the development in the following graph the average purchase price of whales who bought bitcoins less than 155 days ago :
THE average purchase price (orange) is located around $113,000. Bitcoin is found below the orange curveso that means that whales are in trouble. In this situation, they could start panic. And if that’s the case, Bitcoin could suffer significant sales pressure which could cause the price to fall towards $100,000. Note that they may also consider it to be oa great place for accumulation. So let’s hope they choose the second option.
BTC bounces off support at $106,000
As recently as yesterday, the buyers were defending the area support is located around $106,000. As long as this level holds, the price of BTC has a chance to rebound towards the resistance at $111,000 :
If the course fails and he loses support of $106,000it could fall again to $100,000. Momentum indicator RSI is still trending upward. So, momentum always favors buyers in the short term.
Bitcoin price managed to hold support at $106,000 and will now need to retrace $113,000 to avoid panic from new whales. BTC has been struggling with performance for several weeks, capital seems to be moving towards the least risky assets.
BITCOIN NEWS THAT COUNTS
- The price of Bitcoin has been controlled by sellers for several days now. Looking at the weekly situation, we see that BTC is still moving behind the bullish trend line.
- Bitcoin and Ethereum spot ETFs have had a rough time since the October 10 flash crash. But the tides are back on these crypto investment products.
- The Fed’s monetary policy and the outcome of the trade war between the United States and China could have a strong impact on Bitcoin.
STEAY LADS PORTFOLIO MONITORING $100,000
Allocation as of 10/23/25:
💵 Stablecoins: 63% — 💰 Cryptocurrencies: 37%
Technical signals remain mixed, so any early positioning is risky. No new trades have been opened for several days: voluntarily reduced exposure allows capital to be preserved and wait for more legible configurations. In this type of context, the best decision is often to do nothing and be ready to act when the market finally presents clear opportunities.
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