Market Mood: Bitcoin stays range-bound near $108.8K as traders weigh mixed sentiment. The Fear & Greed Index reads 33 (Fear), underscoring a cautious start to November.
Market Snapshot
Bitcoin holds at $108,892 (-1.11%), with Ethereum sliding to $3,793 (-2.27%).Solana trades around $183.74 (-1.10%), BNB dips to $1,058 (-3.00%), and Dogecoin weakens to $0.18 (-3.10%).
Global crypto market cap sits at $3.71T, up 0.58% in 24 hours but still -1.01% on the week.
Altcoin Season Index: 32/100 — RSI average at 46.3, signaling a neutral-to-cautious tone across majors.
Key Developments
1. ETF Inflows Anchor BTC Stability
October closed with $3.69B in net Bitcoin ETF inflows — nearly half a billion dollars in one day (Oct 21). ETFs now control over 6% of total BTC supply, tightening circulation and supporting higher price floors.
🟩 Institutional bias remains net long — dips are being bought.
2. Dogecoin Weakens as Whales Exit
DOGE slipped below $0.1830, triggering a ‘death cross’ pattern after 440M DOGE were offloaded by mid-tier whales within 72 hours.
🐕 Implication: Meme coin fatigue may spill into other high-beta alts.
3. ETH Shorts Build — Setup for Squeeze?
Ethereum funding rates remain negative, suggesting an overcrowded short side.If ETH reclaims $3,950, traders could see a short-squeeze-driven bounce toward $4,200.
4. Seasonality Check
Since 2013, Bitcoin’s average November gain is +42%, though median returns drop to +8.8% when adjusted for outliers.With BTC struggling to retake $110K, the market questions if this November will live up to its seasonal reputation.
Technical Pulse
Resistance: $110,535 → $111,018 → $111,569
Support: $109,501 → $108,950 → $108,467
200-day EMA: near $108,350RSI: 44.9 (Neutral)
Outlook
BTC remains structurally intact above $108K, maintaining a cautiously bullish bias.
A breakout above $112K–$113K could open targets toward $116K–$118K.
Conversely, failure to defend $108,467 risks a retrace to $106K.
Watchlist
🔹 Macro: Market eyes a 63% probability of a December Fed rate cut. Fed commentary this week could steer liquidity sentiment.
🔹 Institutional Flow: Sustained ETF inflows above $300M/day would confirm ongoing accumulation.
🔹 Price Action: A daily close above $110K revives bullish structure; a close below $108K invalidates near-term upside.
📈 Patience remains the edge — November’s setup rewards disciplined positioning over impulse trades.
Meta: ETF inflows signal deep-pocket conviction amid cautious retail mood.