Bitcoin Price Analysis: BTC Rebounds As Bearish Whales Face Unrelenting Liquidations
Bitcoin (BTC) has started the week with a strong comeback, rising from a Friday low of $99,170 to reclaim $106,000 during the ongoing session. The scale of the recovery caught overleveraged traders off guard, wiping short positions as bullish sentiment returned.
The flagship cryptocurrency reclaimed $104,000 on Sunday and has crossed $106,000 during the ongoing session, up 1.29% at $106,058.
Market Heaves Sigh Of Relief As Shutdown End In Sight
The cryptocurrency market could soon heave a sigh of relief after the US Senate reached an agreement on Sunday on a three-part budget deal to end the ongoing government shutdown. According to reports, the Senate passed the bills in a 60-40 vote on Sunday night. The agreement was Republican Senate Majority Leader John Thune’s 15th attempt to secure Democratic support for a House-approved bill. The vote could potentially end the longest government shutdown as early as this week.
The uncertainty over the shutdown and when the US government would resume key services has been a key factor behind BTC’s sluggish price action. It has also impacted the broader crypto market. The flagship cryptocurrency initially rallied to a new all-time high following the shutdown, but has struggled to regain momentum and fell below $100,000 last week.
Trump Media Posts Q3 Loss Despite Bitcoin (BTC) Holdings
Trump Media and Technology Group reported a $55 million loss in its third-quarter earnings despite its substantial Bitcoin (BTC) holdings.
The company, which operates the Truth Social platform, disclosed that its Q3 net loss increased substantially from the $19.3 million in losses recorded in Q3 2024. The company also reported a marginal decline in revenue, which fell from over $1 million a year ago to $972,900. Trump Media shares also ended Friday down 1.73% at $13.10.
Trump Media reported that it held 11,542 Bitcoin (BTC) as of September 30. The company first announced its intention to begin buying BTC in late July, flagging plans to acquire more, along with similar cryptocurrencies. The company generated $15.3 million of realized income from its Bitcoin options investment, posting $33 million in unrealized gains from its Cronos holdings.
Robert Kiyosaki Doubles Down On Bitcoin Bet
Renowned author Robert Kiyosaki has doubled down on his bullish outlook for Bitcoin and other hard assets, stating he is buying more gold, silver, Bitcoin, and Ethereum. Kiyosaki warned of an impending economic downturn, adding that he is preparing for it by accumulating assets that he calls “real money.”
“Crash coming: Why I am buying, not selling.”
Kiyosaki set ambitious price projections, stating Bitcoin will reach $250,000 by 2026, while silver will reach $100, and gold will reach $27,000.
Meanwhile, BitMEX CEO Arthur Hayes believes the Federal Reserve will be forced into a form of stealth quantitative easing (QE) as government debt skyrockets. Hayes stated the Fed will likely inject liquidity into the financial market through its Standing Repo Facility to help finance Treasury Debt without actually calling it quantitative easing.
Strategy Launches Euro-based Preferred Stock Sale
Strategy, the world’s largest public Bitcoin treasury, has announced the pricing of its euro-dominated perpetual-preferred stock. The company priced the stock at €80 per share. The sale of the euro-based preferred STRE stock is part of the company’s plan to raise funds for future Bitcoin purchases. According to a statement, the issuance and sale of the STRE stock is expected to close on November 13. Strategy expects gross proceeds of €620 million (or $715 million), while net proceeds should be roughly around €608.8 million ($702 million).
The company stated that the net proceeds will be used for general corporate purposes, including the purchase of more Bitcoin. The company announced the purchase of 397 BTC worth $45.6 million on November 3. The purchase was made at an average cost of $114,771 per coin, taking Strategy’s total Bitcoin holdings to 641,205 BTC.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has started the week on a bullish note as market sentiment has flipped to positive. The flagship cryptocurrency rose nearly 2% on Friday before dropping 0.97% on Saturday and settling at $102,285. Positive sentiment returned on Sunday as the price rose 2.36% to cross $104,000 and settle at $104,694. BTC is up over 2% during the ongoing session, trading around $106,158.
While traders are wishing for a strong recovery, one analyst has warned that BTC reaching $250,000 this year could be “one of the worst things” to happen. According to the macro analyst, BTC reaching $250,000 too quickly could lead to a “blow-off top” moment, with investors scrambling to secure profits. Macro analyst and investor Mel Mattison stated in an interview with Anthony Pompliano,
“One of the worst things that could happen is Bitcoin shoots up to $250,000, and the S&P to 8,000 in like 3 months. And you get this blow-off top, and everybody rushes to the exits to take profits, and it starts going down.”
Mattison believes BTC is having healthy rotations, with the price action reaching some interesting points.
“We’re having healthy rotations, healthy movement, and we are getting some very interesting points at some of the channels that I look at.”
BitMEX co-founder Arthur Hayes and BitMine Chairman Tom Lee recently reiterated a bullish outlook for Bitcoin, suggesting the flagship cryptocurrency could yet reach $250,000 before the end of the year. November has historically been the highest-performing month on average for Bitcoin, with average returns of around 42%.
Meanwhile, blockchain data has revealed the Bitcoin whales dumping BTC and crashing the price. Several high-profile entities, including the Winklevoss Twins’ Gemini Custody wallets and early Bitcoin miner Owen Gunden, have emerged as key players influencing the flagship cryptocurrency’s price action. According to blockchain data, wallets linked to Winklevoss Capital and Gemini Custody have been methodically transferring large quantities of Bitcoin. The transfers have occurred in phases and involve several timed transactions. If the transactions correspond to sales, it means the Winklevoss twins have been methodically offloading their assets. The Winklevoss twins have liquidated over 9,000 BTC, worth around $900 million, since the beginning of 2025.
BTC started the previous weekend in positive territory, rising 1.15% on Friday and settling at $109,555. Price action remained positive on Saturday and Sunday as BTC rose 0.45% and 0.44% to cross $110,000 and settle at $110,536. Selling pressure returned on Monday as the price fell nearly 4% and settled at $106,557. The bearish sentiment intensified on Tuesday as BTC slipped below $100,000, falling to a low of $98,892. However, it rebounded from this level to reclaim $100,000 and settle at $101,468. Despite the overwhelming selling pressure, BTC recovered on Wednesday, rising over 2% and settling at $103,869.
Source: TradingView
BTC returned to bearish territory on Thursday, dropping to a low of $100,235 before settling at $101,290. The price slipped below $100,000 again on Friday, falling to a low of $99,170 before recovering and settling at $103,284, ultimately rising nearly 2%. Price action was mixed over the weekend as BTC fell 0.97% on Saturday before rising 2.36% on Sunday and settling at $104,964. The flagship cryptocurrency has reclaimed $106,000 during the ongoing session, up nearly 2%, trading around $106,296.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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