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BTC Whipsaws Between $108K–$113K as ETF Flows Return

2025/10/22 15:27

Key Takeaways

  • Bitcoin briefly rallied from $108,000 to $113,500 on the 4-hour chart but gave it back with an intraday whipsaw, underscoring fragile liquidity.
  • Spot ETF demand reappeared with BTC ETFs adding $477 million and ETH ETFs adding $142 million (Oct. 21), yet flows are meeting sustained LTH distribution.
  • Long-term holder supply has declined by ~28,000 BTC since October 15; 30-day SMA of LTH outflows rose to ~22.5k BTC/day, as continued distribution remains a supply headwind.
  • Expect range trading with elevated volatility; favor low leverage and staggered entries into support bands.
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