Bitcoin Bulls Weaken as Price Struggles to Hold Above $107K

In Brief

• Futures Flow Index stays bearish at 25.9%, signaling weak buyer strength.
• Long-term holders sell 337K BTC, suggesting rising caution at current prices.
• BTC tests $107K support as analysts eye CME gap near $107.4K–$107.7K.

Bitcoin remains under pressure as the Futures Flow Index sits at 25.9%, well below the neutral 45 level, according to CryptoQuant. Despite short-lived bullish attempts on October 13 and October 20, the market failed to gain sustainable momentum.

BTC continues trading below its 30-day fair value of $112.1K, signaling weak futures activity and declining buyer interest. The chart shows dominant red bear regime zones, suggesting that bulls are losing strength unless momentum recovers above the 45–55 zone.

In addition, long-term holders have sold off around 337,300 BTC over the past 30 days, showing heavy distribution pressure. This sharp decrease in net position change points to possible profit-taking or growing caution around current price levels.

Exchange Outflows Rise as BTC Tests Critical Support Near $107K

Meanwhile, Binance’s Bitcoin netflow turned sharply negative at -315.2 BTC, indicating reduced selling pressure as coins leave exchanges. This trend suggests increased self-custody and potential accumulation despite market uncertainty.

According to DaanCrypto, Bitcoin is now retesting a critical support region between $105K and $107K, after briefly reclaiming both the 200-day MA and EMA. BTC is trading at $107,926, down 2.39% on the day, but holding above key technical levels for now.

Moreover, analyst TedPillows emphasised that holding above $107K–$108K could allow a bounce, while a breakdown risks a drop toward $100K. This view is supported by Washigorira, who noted price action is hovering near a CME Futures gap between $107,700 and $107,400.

While the gap may act like a price magnet, a clean hold above current levels could reignite bullish momentum. However, sustained weakness below $107K would signal renewed bearish control and expose Bitcoin to deeper correction levels.