Bitcoin Holds $110K Support as Weekend Bids Signal Possible Rebound || Oct 12, 2025
Traders eye tariff headlines and Asian market reaction while large spot bids hint at a price floor forming
Bitcoin Holds $110K Support as Weekend Bids Signal Possible Rebound
Traders eye tariff headlines and Asian market reaction while large spot bids hint at a price floor forming
🪙 Crypto Market Overview
Bitcoin spent the weekend consolidating between 110,000 and 112,000 USD, with trading volumes subdued ahead of Monday’s tariff announcements and the Asian equity market open. The broader sentiment remains cautious — risk assets could come under pressure if Chinese and regional stocks react negatively to global trade tensions.
Over the weekend, rumors circulated that Binance and Wintermute, a major market maker, were key drivers of Friday’s sharp moves. On-chain data shows continued Binance-to-Wintermute transfers, suggesting further short-term volatility or downside probing remains possible.
Meanwhile, reports that China sold off its crypto reserves appear to have been false, likely an attempt to rationalize Friday’s sell-off.
📊 Weekend Bids and Spot Demand
Despite the uncertainty, spot market order books are showing strong and sustained bid support — a pattern historically linked to medium-term recoveries.
Data from HyblockCapital shows that Bid-to-Ask ratios are now at their highest levels since the March–April correction, when Bitcoin bottomed near 80,000 USD.
Current bids are 25–35% larger than those seen during previous local bottoms.
This suggests a major price floor may already be in place, potentially setting the stage for a rebound toward 115,000–118,000 USD if support holds.
📈 Technical Picture
Bitcoin continues to respect key weekly trendline support, reinforcing the idea that this decline is a pullback within a larger bullish structure.
The total crypto market cap chart shows a similar setup, with prices holding both trendline and megaphone pattern support — a positive signal for broader risk recovery.
Additionally, bullish MACD divergence on multiple timeframes points to upside potential into the 115K–118K zone.
🌐 Market Positioning and Flows
Trader positioning has turned notably constructive:
The Long vs Short ratio shows that top traders are now net long, anticipating a bounce.
Leverage data indicates that the market remains heavily short, suggesting upside risk if shorts are squeezed.
Most long liquidations were cleared around 109K, shifting focus to the 122K short cluster as the next target.
While our model has recently ticked higher — usually a sign of caution — it remains within the range that can support a trend reversal if price stability returns this week.
🎯 Strategy Outlook
Short-Term (Days): Pending. Watching for confirmation of a bottom near 110K–112K before re-entering.
Medium-Term (Weeks): Long bias intact; structure improves on a reclaim of 120K. Partial profits planned between 140K–160K.
Long-Term (Months): Bull market projection toward 230K remains unchanged unless 72K fails.
🧭 Strategy Notes
Strong bids suggest deep-pocketed buyers are defending key support.
Tariff news and Asian equities could drive Monday volatility.
A close above 120K would confirm short-term recovery.
Short positioning sets the stage for a potential squeeze higher.
🔑 Key Takeaways
BTC consolidating between 110K–112K, awaiting macro catalysts
Spot bids surge, implying strong accumulation and price floor formation
Trendline support holding on both BTC and total market charts
Short liquidations cleared; next focus near 122K
Upside risk growing as market remains heavily short
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