According to Mars Finance, on November 10, QCP Capital posted on social media that Bitcoin returned to $106,000 after several attempts to break below $100,000, boosted by optimistic sentiment regarding the U.S. government funding agreement. Despite ongoing OG dumping and ETF capital outflows, this rebound still occurred. The options flow remains mixed—buying bullish butterfly options indicates market optimism, while selling bullish spread options limits the market's expectations for new highs this year. However, Bitcoin's ability to absorb OG supply pressure is similar to past Silk Road and Mt. Gox cycles, reflecting a stronger market depth currently. Although DAT (high-value trading accounts) activity has decreased, its impact on market sentiment remains crucial. Bitcoin holding above $100,000 provides breathing room for the U.S. Treasury market, but if Bitcoin's price breaks above $118,000, it may attract a new round of OG dumping.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst Ignores Bitcoin (BTC) Price Crash Narratives, Points to Hidden Bull Signals That May Matter More
Bitcoin price keeps struggling, and panic around crypto has started climbing with every fresh dip. BTC has lost its footing near recent highs, and that has pushed many traders to focus only on red candles and short-term fear.
A new breakdown from the Savvy Finance YouTube channel takes a very
CaptainAltcoin1h ago
Vancouver’s Bitcoin Reserve Faces City Bureaucrats’ Pushback
Vancouver’s financial staff have recommended against establishing a dedicated Bitcoin reserve, arguing the move would breach the Vancouver Charter and advising the council to drop the proposal. In a March 2 motions update, Colin Knight, who heads the Finance and Supply Chain Management department, s
CryptoBreaking1h ago
Bitcoin News: Nasdaq EV Firm Jiuzi Targets $1B BTC Acquisition
March 6, 2026 9:15 pm EST
TheCoinRepublic1h ago
This week, the US Bitcoin spot ETF saw a net inflow of $568 million, with BlackRock IBIT inflows of $660 million.
This week, the US Bitcoin spot ETF saw a net inflow of $568 million, mainly from BlackRock's IBIT and several other funds, while Fidelity's FBTC and Grayscale's GBTC experienced net outflows.
GateNews2h ago
CryptoQuant: Bitcoin NUPL--MVRV indicator reaches 0.33, or has entered the mid-stage of a bear market
Gate News Announcement, March 7th, CryptoQuant analyst Axel pointed out on the X platform that the Bitcoin NUPL--MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the 0.5 range. The chart shows that the bear market cycle is beginning to shift upward, indicating that Bitcoin may have entered the mid-stage of this bear market cycle, suggesting that extreme selling conditions are easing. However, this indicator is still well above historical bottom levels, implying that a market-wide bottom has not yet been confirmed.
GateNews2h ago
