Bitcoin stalls below $105K amid cautious sentiment; DCR, SKY, IP lead altcoin gains
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After retesting local lows around $102,000, Bitcoin failed to regain momentum above $105,000 as trading activity stayed muted in a market that remained cautiously optimistic but lacking conviction.
The total crypto market cap managed a modest rebound, hovering just above $3.6 trillion, slightly up from the previous session’s pullback.
However, sentiment across the board took a hit, with the crypto fear and greed index plunging to 24, marking an extreme fear reading that reflected growing investor uncertainty.
While a few mid-cap tokens saw isolated rallies, most of the top 99 cryptocurrencies slipped into the red, signaling a broader struggle for direction outside of Bitcoin’s tight range.
Why is Bitcoin price stuck?
Bitcoin remains pinned between a fading recovery narrative and a cluster of unresolved macro and geopolitical concerns.
Traders are treading carefully, unsure if the recent pullback is a temporary pause or the beginning of a deeper correction.
Long liquidations have dealt a serious blow to bullish momentum.
Nearly $402 million worth of long positions were wiped out during the latest drop, forcing a wave of automatic selling that dragged Bitcoin and the broader market lower.
Liquidations of this scale tend to rattle confidence, especially when they follow just weeks after the massive $19 billion wipeout that triggered a 14% single-day drop across digital assets.
Volatility is not just being driven by market structure. The macro backdrop has tilted against risk assets again, with weak US labor data and soft private payroll numbers adding to concerns that the economy may be losing steam.
At the same time, the Federal Reserve remains cautious, with no immediate pivot toward rate cuts.
That has pushed real yields higher and supported the dollar, putting pressure on assets like Bitcoin that typically benefit when liquidity is loose and risk appetite is strong.
Concerns around global politics are also resurfacing. Reports that the US government allegedly seized around $13 billion worth of Bitcoin from China’s LuBian mining pool have left many traders unsettled.
The fear now is whether Beijing will retaliate, just as the two sides are locked in drawn-out trade negotiations and have yet to finalize a deal.
Across equity markets, the mood has also darkened. SoftBank’s sale of its entire $5.8 billion Nvidia stake weighed heavily on the tech sector.
The Nasdaq dropped by 200 points, and the S&P 500 followed suit.
Bitcoin often mirrors tech-sector flows due to its high-risk profile, and the weakness in big-name tech stocks has only added to crypto’s short-term drag.
On the other hand, some macro developments are helping traders stay cautiously optimistic.
The breakthrough in Washington around the US government shutdown has injected a dose of relief. After weeks of impasse, the Senate passed a bipartisan deal to fund operations through early 2026.
The agreement reverses furloughs and restores key federal programs, calming nerves that had been frayed by uncertainty around essential services and government spending.
Market-based prediction platforms like Polymarket saw shutdown odds flip almost overnight.
Confidence that the government would reopen by midweek spiked, especially after President Trump hinted at a resolution being close, and that appears to have triggered renewed institutional interest.
Spot Bitcoin ETFs, which had seen muted flows for several sessions, came roaring back with $524 million in net inflows on Tuesday, the largest daily figure since the October rally to record highs.
It’s a strong signal that large players are still looking to accumulate on dips, even as short-term volatility persists.
Will Bitcoin price go up?
For some traders, the recent pullback looks more like a consolidation than a full-blown reversal.
Institutions, including Coinbase and Sygnum, are framing this as a pause in the cycle rather than the start of a prolonged downturn.
Their view hinges on an expected improvement in liquidity conditions heading into December, with hopes that a shift in macro flows could stabilize the market.
The $100,000 mark is shaping up as a key support zone for Bitcoin, with analysts pointing to it as the level to watch in the short term.
As long as that floor holds, many expect dip buyers to remain active, especially if upcoming inflation data comes in softer and spot ETF flows maintain traction.
Nevertheless, Volatility is expected to remain elevated around the Fed’s next policy meeting and any updates to US trade positions, but barring fresh shocks, a broader breakdown appears less likely at this stage.
Some analysts are turning their focus to stablecoin flows, which have begun to paint a different picture altogether.
According to a recent CryptoQuant analysis, Bitcoin’s stablecoin supply ratio is back near 13, right where it stood in mid-2021 and again during the 2024 lows.
In both cases, BTC spent several sessions trading sideways before staging strong relief rallies.
Meanwhile, stablecoin reserves on Binance are rising steadily, while BTC reserves continue to shrink.
Since 2020, this configuration has only surfaced a few times, and each instance marked a significant inflection point in Bitcoin’s trend.
The growing stablecoin pileup implies that a substantial amount of capital is sitting on the sidelines, waiting for the right moment to rotate in.
Historically, these setups have often coincided with periods of seller exhaustion, when weak hands exit and stronger hands begin to accumulate in silence.
If inflation data lands favorably and macro risks begin to fade into the background, the foundation for a relief rally is already taking shape.
According to crypto analyst and trader Daan Crypto Trades, Bitcoin needs to break through $107,000 to maintain a bullish structure.
“Trending up on the lower timeframe. But needs to break that $107K area. If it can do so, it would turn this into a decent deviation and retake back into the range,” the analyst wrote alongside a BTC/USDT 1-day price chart. See below.
BTC/USDT 1-day price chart. Source: Daan Crypto Trades.
However, for fellow analyst Luca, more consolidation may be on the table as long as key support levels hold.
BTC/USD 1-day price chart. Source: Luca on X.
“Going forward, I believe the most likely outcome is further consolidation over the next few days. Until one of the key ranges breaks, either the high-timeframe support marked in purple or the support band above, I think the best approach is to stay cautious and patient,” the analyst wrote.
At press time, Bitcoin bulls were still struggling to regain control, with the price slipping back to around $103,445 after multiple failed attempts to hold above the $105,000 mark.
Top altcoin gainers for the day
The total market cap of all altcoins combined declined from $1.52 trillion to $1.44 trillion earlier in the day before rebounding back to $1.53 trillion as investors bought the dip.
Ethereum (ETH), the most dominant altcoin by market share, traded in the $3,400–$3,600 range before ending the day essentially flat at around $3,500.
Other large-cap altcoins like XRP (XRP), BNB (BNB), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) saw losses between 1-2%.
Decred (DCR) led the charge among the top 100 cryptocurrencies, jumping 20.4%, while Sky (SKY) and Story (IP) followed with gains of 12.5% each.
Source: CoinMarketCap
Decred: Decred has recently started voting on a new proposal to update its decentralized treasury expenditure policy aimed at strengthening the long-term financial stability of the treasury and enhancing governance oversight.
As part of the update, the treasury will keep its basic spending limits but add improvements to encourage responsible use of funds and protect against rare risks like security breaches or software problems.
The privacy coin’s gains were also supported but ongoing community hype surrounding privacy coins, rotation of capital from major cryptocurrencies, and speculative trading.
Sky: For SKY, its gains came from Sky’s aggressive buyback strategy.
Notably, buybacks for the token have gone up by 300% in the past week, with $8 million in buybacks over the past month and a total of over 1.3 billion tokens bought back for $72.57 million.
The total amount of tokens staked on the network has also increased to 11 billion SKY, worth around $700 million.
As more tokens continue to be staked on the platform, it reduces the circulating supply and adds further upward pressure on price by limiting available liquidity.
Story: Story’s gains were supported by IP Strategy’s partnership with crypto exchange Crypto.com.
IP strategy is the first company to hold $IP tokens as a primary reserve asset.
As part of the partnership, Crypto.com will support IP Strategy’s new treasury reserve by offering execution, custody, OTC trading, and staking services for 52.5 million $IP tokens, currently valued at more than $230 million.
The post Bitcoin stalls below $105K amid cautious sentiment; DCR, SKY, IP lead altcoin gains appeared first on Invezz
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Coins
$ 100.15K
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Bitcoin stalls below $105K amid cautious sentiment; DCR, SKY, IP lead altcoin gains
Share:
After retesting local lows around $102,000, Bitcoin failed to regain momentum above $105,000 as trading activity stayed muted in a market that remained cautiously optimistic but lacking conviction.
The total crypto market cap managed a modest rebound, hovering just above $3.6 trillion, slightly up from the previous session’s pullback.
However, sentiment across the board took a hit, with the crypto fear and greed index plunging to 24, marking an extreme fear reading that reflected growing investor uncertainty.
While a few mid-cap tokens saw isolated rallies, most of the top 99 cryptocurrencies slipped into the red, signaling a broader struggle for direction outside of Bitcoin’s tight range.
Why is Bitcoin price stuck?
Bitcoin remains pinned between a fading recovery narrative and a cluster of unresolved macro and geopolitical concerns.
Traders are treading carefully, unsure if the recent pullback is a temporary pause or the beginning of a deeper correction.
Long liquidations have dealt a serious blow to bullish momentum.
Nearly $402 million worth of long positions were wiped out during the latest drop, forcing a wave of automatic selling that dragged Bitcoin and the broader market lower.
Liquidations of this scale tend to rattle confidence, especially when they follow just weeks after the massive $19 billion wipeout that triggered a 14% single-day drop across digital assets.
Volatility is not just being driven by market structure. The macro backdrop has tilted against risk assets again, with weak US labor data and soft private payroll numbers adding to concerns that the economy may be losing steam.
At the same time, the Federal Reserve remains cautious, with no immediate pivot toward rate cuts.
That has pushed real yields higher and supported the dollar, putting pressure on assets like Bitcoin that typically benefit when liquidity is loose and risk appetite is strong.
Concerns around global politics are also resurfacing. Reports that the US government allegedly seized around $13 billion worth of Bitcoin from China’s LuBian mining pool have left many traders unsettled.
The fear now is whether Beijing will retaliate, just as the two sides are locked in drawn-out trade negotiations and have yet to finalize a deal.
Across equity markets, the mood has also darkened. SoftBank’s sale of its entire $5.8 billion Nvidia stake weighed heavily on the tech sector.
The Nasdaq dropped by 200 points, and the S&P 500 followed suit.
Bitcoin often mirrors tech-sector flows due to its high-risk profile, and the weakness in big-name tech stocks has only added to crypto’s short-term drag.
On the other hand, some macro developments are helping traders stay cautiously optimistic.
The breakthrough in Washington around the US government shutdown has injected a dose of relief. After weeks of impasse, the Senate passed a bipartisan deal to fund operations through early 2026.
The agreement reverses furloughs and restores key federal programs, calming nerves that had been frayed by uncertainty around essential services and government spending.
Market-based prediction platforms like Polymarket saw shutdown odds flip almost overnight.
Confidence that the government would reopen by midweek spiked, especially after President Trump hinted at a resolution being close, and that appears to have triggered renewed institutional interest.
Spot Bitcoin ETFs, which had seen muted flows for several sessions, came roaring back with $524 million in net inflows on Tuesday, the largest daily figure since the October rally to record highs.
It’s a strong signal that large players are still looking to accumulate on dips, even as short-term volatility persists.
Will Bitcoin price go up?
For some traders, the recent pullback looks more like a consolidation than a full-blown reversal.
Institutions, including Coinbase and Sygnum, are framing this as a pause in the cycle rather than the start of a prolonged downturn.
Their view hinges on an expected improvement in liquidity conditions heading into December, with hopes that a shift in macro flows could stabilize the market.
The $100,000 mark is shaping up as a key support zone for Bitcoin, with analysts pointing to it as the level to watch in the short term.
As long as that floor holds, many expect dip buyers to remain active, especially if upcoming inflation data comes in softer and spot ETF flows maintain traction.
Nevertheless, Volatility is expected to remain elevated around the Fed’s next policy meeting and any updates to US trade positions, but barring fresh shocks, a broader breakdown appears less likely at this stage.
Some analysts are turning their focus to stablecoin flows, which have begun to paint a different picture altogether.
According to a recent CryptoQuant analysis, Bitcoin’s stablecoin supply ratio is back near 13, right where it stood in mid-2021 and again during the 2024 lows.
In both cases, BTC spent several sessions trading sideways before staging strong relief rallies.
Meanwhile, stablecoin reserves on Binance are rising steadily, while BTC reserves continue to shrink.
Since 2020, this configuration has only surfaced a few times, and each instance marked a significant inflection point in Bitcoin’s trend.
The growing stablecoin pileup implies that a substantial amount of capital is sitting on the sidelines, waiting for the right moment to rotate in.
Historically, these setups have often coincided with periods of seller exhaustion, when weak hands exit and stronger hands begin to accumulate in silence.
If inflation data lands favorably and macro risks begin to fade into the background, the foundation for a relief rally is already taking shape.
According to crypto analyst and trader Daan Crypto Trades, Bitcoin needs to break through $107,000 to maintain a bullish structure.
“Trending up on the lower timeframe. But needs to break that $107K area. If it can do so, it would turn this into a decent deviation and retake back into the range,” the analyst wrote alongside a BTC/USDT 1-day price chart. See below.
BTC/USDT 1-day price chart. Source: Daan Crypto Trades.
However, for fellow analyst Luca, more consolidation may be on the table as long as key support levels hold.
BTC/USD 1-day price chart. Source: Luca on X.
“Going forward, I believe the most likely outcome is further consolidation over the next few days. Until one of the key ranges breaks, either the high-timeframe support marked in purple or the support band above, I think the best approach is to stay cautious and patient,” the analyst wrote.
At press time, Bitcoin bulls were still struggling to regain control, with the price slipping back to around $103,445 after multiple failed attempts to hold above the $105,000 mark.
Top altcoin gainers for the day
The total market cap of all altcoins combined declined from $1.52 trillion to $1.44 trillion earlier in the day before rebounding back to $1.53 trillion as investors bought the dip.
Ethereum (ETH), the most dominant altcoin by market share, traded in the $3,400–$3,600 range before ending the day essentially flat at around $3,500.
Other large-cap altcoins like XRP (XRP), BNB (BNB), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) saw losses between 1-2%.
Decred (DCR) led the charge among the top 100 cryptocurrencies, jumping 20.4%, while Sky (SKY) and Story (IP) followed with gains of 12.5% each.
Source: CoinMarketCap
Decred: Decred has recently started voting on a new proposal to update its decentralized treasury expenditure policy aimed at strengthening the long-term financial stability of the treasury and enhancing governance oversight.
As part of the update, the treasury will keep its basic spending limits but add improvements to encourage responsible use of funds and protect against rare risks like security breaches or software problems.
The privacy coin’s gains were also supported but ongoing community hype surrounding privacy coins, rotation of capital from major cryptocurrencies, and speculative trading.
Sky: For SKY, its gains came from Sky’s aggressive buyback strategy.
Notably, buybacks for the token have gone up by 300% in the past week, with $8 million in buybacks over the past month and a total of over 1.3 billion tokens bought back for $72.57 million.
The total amount of tokens staked on the network has also increased to 11 billion SKY, worth around $700 million.
As more tokens continue to be staked on the platform, it reduces the circulating supply and adds further upward pressure on price by limiting available liquidity.
Story: Story’s gains were supported by IP Strategy’s partnership with crypto exchange Crypto.com.
IP strategy is the first company to hold $IP tokens as a primary reserve asset.
As part of the partnership, Crypto.com will support IP Strategy’s new treasury reserve by offering execution, custody, OTC trading, and staking services for 52.5 million $IP tokens, currently valued at more than $230 million.
The post Bitcoin stalls below $105K amid cautious sentiment; DCR, SKY, IP lead altcoin gains appeared first on Invezz
In This News
Coins
$ 100.15K
-1.58%$ 3.24K
-4.90%$ 2.33
-1.83%$ 0.531
-2.90%$ 0.99934
-0.04%Share:
In This News
Coins
$ 100.15K
-1.58%$ 3.24K
-4.90%$ 2.33
-1.83%$ 0.531
-2.90%$ 0.99934
-0.04%Share:
Read More
XRP Earns Academic Praise: University Study Calls It ‘Gold In Your Hands’