Why did the price of BTC go up?

Bitcoin (BTC) increased by 0.71% in the last 24 hours, contributing to a 4% gain over the past week. This movement shows that selling pressure is easing and investors are cautiously optimistic that important support levels will hold. Here are the main points:

1. Strong Demand from Institutional ETFs – Spot Bitcoin ETFs saw $430 million in new investments on October 24, reversing earlier withdrawals.
2. Key Technical Support Levels Hold – Bitcoin stayed above $107,000 despite risks from options contracts expiring, showing confidence from buyers.
3. Long-Term Holders Are Buying More – Investors holding Bitcoin for the long term added 373,700 BTC in the last 30 days, reducing immediate selling pressure.

Deep Dive

1. Institutional ETF Demand (Positive for Bitcoin)

Overview: U.S. spot Bitcoin ETFs attracted $430 million in net new investments on October 24, the largest single-day inflow in three weeks (BlackRock). This reversed earlier outflows seen earlier in October. Additionally, Grayscale launched its GDLC ETF this week, which offers exposure to multiple crypto assets.

What this means: Continued demand from ETFs helps absorb selling pressure and supports Bitcoin’s status as a key investment asset. With ETF assets under management (AUM) at $149 billion, institutional investors are helping stabilize prices despite global uncertainties.

What to watch: If inflows continue, Bitcoin could test resistance around $115,000.

2. Technical Support Defense (Mixed Signals)

Overview: Bitcoin held steady above $107,000 even though $31 billion worth of options contracts are set to expire on October 31. The $106,000 to $107,000 price range saw the most long position liquidations, but buyers stepped in to support the price.

What this means: Maintaining this level suggests traders believe Bitcoin won’t fall much below $105,000. The 30-day simple moving average (SMA) at $114,000 remains a key resistance point—breaking above it could trigger a rush of buying as short sellers cover their positions.

What to watch: A daily close above $113,000 would challenge the current bearish signals seen in the Relative Strength Index (RSI), which is at 46.92.

3. Long-Term Holder Accumulation (Positive for Bitcoin)

Overview: Long-term Bitcoin holders have added 373,700 BTC in the past 30 days (AMBCrypto), while the total Bitcoin held on exchanges dropped to 3.12 million BTC, the lowest in seven years.

What this means: Less Bitcoin available for quick selling and strong holding behavior create a solid foundation for price support. Historically, when long-term holders accumulate more Bitcoin, it often leads to sustained price increases.

Conclusion

Bitcoin’s recent strength comes from a balance of steady institutional demand, solid technical support, and reduced supply on exchanges. While risks like trade tariffs and Federal Reserve policies remain, the lack of panic selling and steady ETF inflows point to cautious optimism for price gains.

Key point to watch: Will Bitcoin close above $113,000 before the October 31 options expiry to confirm a bullish trend?

What could affect the price of BTC?

Bitcoin’s price is caught between growing interest from big investors and broader economic uncertainties.

1. Institutional Adoption Growth – New investment funds and company reserves are boosting demand.
2. Regulatory Developments – Upcoming laws and clearer rules around Bitcoin ETFs could impact prices.
3. Whale Activity – Large Bitcoin holders moving coins may signal potential selling pressure.

In-Depth Look

1. Institutional Adoption Growth (Positive for Bitcoin)

Overview: More large investors are treating Bitcoin like a reserve asset. For example, Grayscale’s GDLC ETF holds $149 billion worth of Bitcoin, and companies like Metaplanet plan to buy 210,000 BTC by 2027. The U.S. government’s proposed Strategic Bitcoin Reserve, although delayed, could mean states hold Bitcoin for the long term.

What this means: Big investors putting money into Bitcoin (like BlackRock’s IBIT ETF, which saw $524 million in new investments on October 25) help balance out selling from smaller investors. This steady demand supports prices. But if ETF approvals get delayed or investors start pulling out, this positive trend could reverse.

2. Economic and Regulatory Risks (Mixed Effects)

Overview: The U.S. manufacturing sector has been shrinking since March 2025, which historically affects Bitcoin’s price cycles. Meanwhile, bipartisan crypto legislation like the GENIUS Act is stuck in the Senate, and a large amount of Bitcoin options ($31 billion) will expire on October 31, which could cause price swings.

What this means: Economic uncertainty and regulatory progress might stabilize Bitcoin prices. However, the expiration of these options near key price points ($100,000 and $120,000) could lead to short-term volatility.

3. Large Holder Activity & Blockchain Signals (Short-Term Caution)

Overview: The Exchange Whale Ratio, which measures large Bitcoin transfers to exchanges, jumped to 0.5 recently, with 12,000 BTC moved this week. Also, over 270,000 BTC that had been inactive for 7+ years became active in 2025, including a 14-year-old wallet moving 150 BTC (about $16.6 million) on October 25.

What this means: Large holders selling near all-time highs (around $126,000) could trigger a chain reaction of sell-offs. Still, long-term holders who bought around $92,900 provide some price support.

Conclusion

Bitcoin’s price will depend on whether new investments from institutions can offset selling by large holders and economic challenges. Key price levels to watch this week are $106,000 (the 200-day moving average) and $115,000 (a cluster of potential sell-offs). The big question is: Will new ETF investments absorb the 270,000 reactivated BTC entering the market, or will this lead to a bigger price drop?

What are people saying about BTC?

Bitcoin's price swings between big gains and sharp drops as large investors make moves. Here's what’s happening now:

1. Price predictions vary – Some see Bitcoin hitting $175K, others warn of a drop to $65K
2. Institutions buying more BTC – Japan’s Metaplanet added 1,234 coins recently
3. Technical charts show bullish signs – Targets around $130K are emerging
4. Bearish signals growing – Profit-taking risks appear when 90% of supply hits return on investment

Deep Dive

1. @Burning_Forest: Mixed Price Forecast

"Bitcoin price prediction for 2025 Top $175K [...] Bottom $65K by 2027"
– @Burning_Forest (23.4K followers · 41K impressions · 2025-07-25 17:50 UTC)
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What this means: This forecast shows a balance between strong demand from institutional investors, especially through ETFs, and the possibility of price corrections after a big bull run. It reflects both short-term optimism and long-term caution.

2. @CCinspace: Institutions Are Bullish

"Bernstein predicts BTC $200K [...] $520B market inflow potential"
– @CCinspace (41.2K followers · 288K impressions · 2025-06-26 20:05 UTC)
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What this means: Large financial firms expect Bitcoin’s price to rise alongside growing ETF investments, which currently manage over $150 billion. This steady institutional buying could balance out retail investors selling to take profits.

3. @soylicy: Technical Analysis Shows Bullish Patterns

"BTC forming flag/pennant [...] Targets $125K-$135K"
– @soylicy (189K followers · 2.1M impressions · 2025-10-12 14:19 UTC)
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What this means: Bitcoin’s price is consolidating around $112K with increasing liquidity in the market. This pattern often signals a breakout. If Bitcoin closes above $115K, it could confirm upward momentum toward $125K-$135K.

4. CryptoQuant Alert: Bearish Signals from Large Sell-Off

"Galaxy moved 80K BTC ($9.6B) to exchanges"
– CoinMarketCap Community Post (3.2K votes · 2025-08-12 12:23 UTC)
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What this means: A large amount of Bitcoin was transferred to exchanges—the most since June 2025—indicating potential selling pressure. However, the price quickly bounced back to $118K, showing strong demand remains.

Conclusion

The outlook for Bitcoin is mixed. Institutional buying, like Metaplanet’s recent purchase of 677 BTC, supports the price, but technical resistance around $115K and global uncertainties create challenges. Weekly ETF inflows of over $588 million and the 200-day moving average holding near $108K suggest underlying strength. Watch the $115K-$118K range closely—a clear move above this zone could spark a rally toward new all-time highs. Could this be a calm before a volatile Q4?

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What is the latest news about BTC?

Bitcoin is moving cautiously as options traders prepare for potential price swings and some long-held coins start to move. Here’s the latest update:

1. $31 Billion in Bitcoin Options Set to Expire on October 31, 2025 – About 250,000 BTC in options contracts are expiring soon, which could lead to increased market volatility.
2. SpaceX Moves $133 Million in Bitcoin on October 25, 2025 – SpaceX transferred 1,215 BTC, sparking questions about its strategy with Bitcoin holdings.
3. $150,000 Bitcoin Price Target Gains Momentum on October 26, 2025 – On-chain data suggests a possible upward trend if key support levels hold.

Deep Dive

1. Bitcoin Options Brace for $31B Expiry (October 31, 2025)

What’s Happening:
A record $31 billion worth of Bitcoin options, representing 250,000 BTC, will expire at the end of October. Most puts (bets on price drops) are clustered around $100,000, while calls (bets on price rises) are near $120,000. Market makers are positioned in a way that could increase selling pressure if Bitcoin’s price falls below $115,000.

Why It Matters:
This situation tends to create short-term downward pressure because dealers hedge their positions by selling when prices drop, which can speed up declines. However, after the options expire, positive economic data like Consumer Price Index (CPI) numbers could trigger a bounce back in Bitcoin’s price. (Cryptoslate)

2. SpaceX Moves $133M in Bitcoin (October 25, 2025)

What’s Happening:
SpaceX moved 1,215 BTC, worth about $133 million, to new wallets, reducing its total Bitcoin holdings to 8,285 BTC (around $914 million). Tesla’s Bitcoin holdings remain unchanged at 11,509 BTC. This move raises questions about how Elon Musk’s companies are managing their Bitcoin assets.

Why It Matters:
This is generally seen as neutral to slightly bearish for Bitcoin because large transfers like this can sometimes precede selling. However, SpaceX hasn’t confirmed any plans to sell. Investors are watching closely because how big companies handle their Bitcoin reserves can influence overall market confidence. (Yahoo Finance)

3. $150K Bitcoin Price Target Gains Momentum (October 26, 2025)

What’s Happening:
Analysts point to Bitcoin’s Spent Output Profit Ratio (SOPR) bouncing back and strong support at around $92,902 held by short-term holders. Long-term holders have resistance near $147,937, which is a key level for a potential breakout.

Why It Matters:
If Bitcoin stays above $92,000, it could spark a rally toward the $150,000 mark. But if it falls below this support, a deeper correction might happen before any recovery. (AMBCrypto)

Conclusion

Bitcoin is at a critical point this week, with pressure from expiring options, big moves in corporate wallets, and important technical price levels all coming together. Institutional buying continues, like Metaplanet’s recent purchase of 518 BTC, but the market’s next move depends on how it handles the $106,000 to $115,000 price range. As the Halloween options expiry approaches, traders are wondering if Bitcoin will face challenges or rally strong into the final quarter of the year.

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What is expected in the development of BTC?

Bitcoin’s future plans focus on improving scalability, encouraging institutional use, and advancing technology.

1. BitVM2 Scaling (Q4 2025) – Enables smart contracts by processing transactions off the main Bitcoin network.
2. Strategic Bitcoin Reserve (2026) – The U.S. government is considering holding Bitcoin as part of its reserves.
3. Privacy BIP Proposal (2025) – A new privacy feature to protect wallet details in multi-signature setups.
4. Mining Decentralization (2025) – Block is launching an open-source mining chip to promote more competition in Bitcoin mining.

Deep Dive

1. BitVM2 Scaling (Q4 2025)

Overview: BitVM2 is designed to allow Bitcoin to run more complex smart contracts by handling most of the work off the main blockchain. Bitcoin then acts as a referee to prevent fraud. Unlike earlier versions, BitVM2 doesn’t rely on a single verifier but uses economic incentives to ensure honesty (Bitfinity).
What this means: This could make Bitcoin more useful by enabling decentralized finance (DeFi) and connecting with other blockchains, all while keeping security strong. Success depends on how well it integrates with existing Layer 2 solutions.

2. Strategic Bitcoin Reserve (2026)

Overview: The U.S. government is working on a plan to hold Bitcoin as part of its strategic reserves without using taxpayer money. Ideas include using fees from Bitcoin mining, auctions by the Treasury, or partnerships with companies (Bitcoinist).
What this means: This could boost Bitcoin’s legitimacy and demand. However, political delays or limited funding compared to other countries’ Bitcoin purchases might lessen the impact.

3. Privacy BIP Proposal (2025)

Overview: A new Bitcoin Improvement Proposal aims to improve privacy for wallets that require multiple signatures by hiding certain data from participants who don’t have full access. This prevents others from seeing wallet balances (Bitcoin Magazine).
What this means: This is good news for businesses that need privacy in their transactions. However, it could attract regulatory attention regarding compliance.

4. Mining Decentralization (2025)

Overview: Block plans to release its Proto mining chip as open-source hardware to encourage more competition in Bitcoin mining, which is currently dominated by a few companies like Bitmain (Block).
What this means: More competition in mining hardware can improve Bitcoin’s security and decentralization. Still, Proto will face challenges competing with established chip manufacturers.

Conclusion

Bitcoin’s roadmap aims to improve scalability with BitVM2, increase institutional involvement through a strategic reserve, and strengthen privacy and mining decentralization. While these developments could expand Bitcoin’s usefulness, regulatory hurdles and execution challenges remain. The big question: will Bitcoin’s Layer 2 solutions surpass traditional financial systems by 2026?

What updates are there in the BTC code base?

Bitcoin’s software received major updates in the last quarter of 2025, focusing on making data storage more flexible, improving security, and enhancing tools for developers.

1. OP_RETURN Expansion (October 12, 2025) – The previous 80-byte limit on data stored in transactions was removed, allowing much larger data to be stored directly on the Bitcoin blockchain.
2. Legacy Wallet Removal (October 12, 2025) – Older wallet systems were phased out in favor of newer, more secure wallets.
3. IPC Mining Interface (October 8, 2025) – A new communication system was added to improve how mining software connects with Bitcoin nodes, making mining more efficient.

Deep Dive

1. OP_RETURN Expansion (October 12, 2025)

What happened: Bitcoin Core version 30.0 removed the 80-byte limit on OP_RETURN outputs. Now, users can embed up to 100,000 bytes of data per transaction, which translates to roughly 4 megabytes considering block size limits.

This change allows developers to store larger pieces of information—like documents or digital collectibles—directly on the blockchain without complicated workarounds. Some worry this could lead to blockchain bloat (making the blockchain larger and harder to manage), but supporters believe it opens the door to new uses such as decentralized identity verification and secure timestamping.

Why it matters: This update expands Bitcoin’s use beyond just sending money, potentially attracting more developers and businesses. However, storing more data on the blockchain could increase transaction fees during busy times. (Source)

2. Legacy Wallet Removal (October 12, 2025)

What happened: Bitcoin Core version 30.0 completely removed support for older wallet systems. Users now need to switch to “descriptor-based” wallets, which offer better security and easier backup options.

The update also upgraded the user interface to use Qt 6, improving performance and compatibility across different operating systems. Developers made sure that Bitcoin nodes (the computers that help run the network) remain compatible with older versions to avoid disruptions.

Why it matters: This change modernizes Bitcoin’s wallet infrastructure. While it doesn’t directly affect Bitcoin’s value, users who haven’t updated their wallets may face some inconvenience. (Source)

3. IPC Mining Interface (October 8, 2025)

What happened: The new version introduced an experimental Inter-Process Communication (IPC) layer. This lets Bitcoin nodes communicate more efficiently with mining pools and mining hardware.

This improvement makes it easier to connect with mining protocols like Stratum v2, reducing delays and allowing miners to adjust block templates in real time. This helps miners capture higher fees, especially when market conditions change quickly.

Why it matters: This is a positive development for miners, improving efficiency and profitability. However, smaller miners might find it harder to adopt these new technical features. (Source)

Conclusion

Bitcoin’s recent updates focus on increasing flexibility with data storage, modernizing wallet technology, and improving mining efficiency. While these changes make Bitcoin more versatile, there are ongoing discussions about the risks of blockchain bloat and centralization. It remains to be seen if miners will enforce stricter rules on OP_RETURN data to keep the network healthy.