Bitcoin’s Big Chill: Half the Inflows Vanish – What’s Next for $117K?

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Key Takeaways

What do all these faceless addresses depositing BTC actually mean?

Last week’s obsession with 64k Active Addresses sending Bitcoin to Binance looked like a frantic sell-off on steroids-but now, the number’s tapering off faster than your New Year’s resolutions.

Are we on the cusp of a bullish miracle or just a bear’s daydream?

Short answer: probably the latter. With all signs pointing to bearishness and a few whisperings of a slight bounce, traders should probably sit tight and sip their coffee-or panic quietly, either way.

Remember the Friday from hell when Bitcoin suddenly plummeted from $121.5k to $102k? Well, last week, active addresses busy depositing BTC into Binance soared higher than a kite on a windy day-until they didn’t. Then, they cooled off, because who doesn’t love a dramatic market mood swing?

Bitcoin inflows cool down faster than your boss after a bad joke

CryptoQuant reports that about 54k to 58k unique addresses were throwing BTC into the abyss, or at least the exchange, in the days that followed the chaos. And on the 14th of October, a jaw-dropping 64,000 addresses were depositing-flashback to July when we crossed $120k-talk about déjà vu with a side of panic.

This sudden influx screamed “sell now!” making Bitcoin slip under $108K faster than your favorite hairstyle in a rainstorm.

Come October 18th, the number of active depositors halved to around 30,850. Fewer deposits? Means the selling frenzy is cooling down-maybe the market’s trying to find its chill again.

Short-term BTC outlook: Caveat emptor-or maybe just sit on your hands?

For all you traders dreaming of a quick buck, beware of jumping the gun. The past two weeks’ liquidation heatmaps suggest a cluster of stops and liquidations hanging around $108k and $106.2k-like a terrible party that nobody wants to leave.

Meanwhile, the layers of leverage at $114k and $116.5k are like magnets-if Bitcoin manages to sneak past $108k, those price levels could attract even more drama.

Climb above $108k, and suddenly the market looks a little more optimistic-like putting on a fresh coat of lipstick for a bad date.

But what about that optimistic whisperer? A report points to China’s M2 money supply spiking-so Bitcoin might get lucky again, assuming the stars align and the ETF flows don’t tank harder than your hopes on a bad day.

In the end, watch the signals-unless you’re into gambling with your digital dough on the hope that Bitcoin does a moonshot to $117k. Good luck, brave souls! 🚀💰

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2025-10-19 17:19