Bitcoin experienced a slight decline over the past 24 hours, closing at $110,115.34, but institutional interest remains strong. Key factors:

1. Institutional Demand: Bitcoin is experiencing strong institutional interest, evidenced by significant ETF capital inflows and continuous accumulation by whales, indicating a pursuit of quality assets.
2. Favorable Macro and Regulatory Changes: Recent global economic developments, including the Federal Reserve's rate cuts and easing trade tensions, along with proactive regulatory progress in Japan and the United Arab Emirates, create a favorable environment for Bitcoin.
3. Bearish Technical Reversal: Technical indicators show a clear increase in bearish momentum, with the MACD histogram turning negative, RSI declining, and key EMA moving averages signaling a potential downtrend. Recent large capital outflows have intensified this trend.
Highlights
1. Institutional Flows: Bitcoin ETF saw a net inflow of $3.69 billion in October 2025, with total inflows reaching $62.1 billion, highlighting strong institutional interest and expanding investor exposure to BTC.
2. Whale Accumulation: A smart trader with a 100% win rate significantly increased their long positions in Bitcoin, now totaling $118 million, while notable figures like Michael Saylor have hinted at further BTC purchases.
3. Regulation and Adoption: Japan plans to classify Bitcoin as a financial product, and a major telecom provider in the UAE has launched Bitcoin cloud mining services, indicating increasing mainstream acceptance and regulatory clarity.
Risks
1. Whale Activity/Selling Pressure: A major early Bitcoin holder has transferred large amounts of BTC to centralized exchanges multiple times over the past three weeks, totaling $781.8 million, with $132 million in the past week alone, indicating potential selling pressure.
2. Long-Term Holder Distribution: Long-term holders actively sold 300,000 BTC worth $3.3 billion in October, marking the largest distribution since December 2024.
3. Bearish Technical Reversal: Technical indicators show a significant increase in bearish momentum, with the MACD histogram turning negative (-70.280), RSI dropping to 34.581, and the short-term EMA7 crossing below the long-term EMA99.
Community Sentiment
1. Sentiment Divergence: Despite the cryptocurrency fear and greed index remaining in the "fear" zone (35), many community members still express bullish expectations for Bitcoin, citing accumulation behavior by smart traders and potential price targets as high as $117,000.