Bitcoin is back above six figures—and traders are breathing a cautious sigh of relief. After dipping below $100,000 earlier this week for the first time since June, BTC now trades around $103,530, up 2% in 24 hours. The Crypto Fear & Greed Index has climbed out of the “extreme fear” zone to 29, hinting at easing panic—but the question lingers: is this recovery built to last
?Ethereum steadies near $3,316, Solana hovers at $195, and Dogecoin lingers around $0.18, with most majors consolidating after a rough start to November. While traditional markets are buoyed by rate cuts and an end to quantitative tightening, crypto continues to lag, underscoring selective risk appetite among investors.
Institutional Flows: A Flicker of Optimism
After nearly a week of bleeding, Spot Bitcoin ETFs finally saw $240 million in net inflows on November 6. BlackRock’s IBIT led the pack, followed by Fidelity and ARK’s funds, suggesting that institutional buyers may be tiptoeing back in. Ethereum ETFs also turned positive, while Solana continues to attract steady inflows.Takeaway: One good day doesn’t make a trend, but sustained multi-day inflows would signal a genuine shift in sentiment.
Whales Buy, Retail Waits
On-chain data shows BTC whales added roughly 30,000 BTC this week—worth nearly $3 billion—as smaller traders remain hesitant. Tether’s reserve wallet also withdrew nearly $100 million in BTC, a move often seen during accumulation phases.Translation: Smart money is buying the dip, but without retail participation, momentum could remain shallow in the short term.
Technical Picture: $100K Line in the Sand
BTC’s $100,000 zone remains the battleground to watch. Holding above it keeps the door open for a move toward $107,000, where both the 50-week and 200-day EMAs converge. A break below $100K, however, exposes the $95K–$96K demand zone, aligning with long-term holder cost bases. For now, bias remains neutral to cautiously bearish until BTC reclaims $107K with conviction.
What Traders Should Watch
Macro: Fed’s rate-cut signals and liquidity shifts
Flows: Sustained ETF inflows >$200M daily = confidence returning
Price: Weekly close above $100,940 = bullish confirmation
With leverage flushed and whales quietly stacking, this may be the calm before the next major move.