While Bitcoin (BTC) has declined more than 13% from its fresh all-time high 
(ATH) of $126,199 recorded earlier this month on October 6, CryptoQuant 
contributor PelinayPA is confident that there is a 55% chance that the BTC top 
for this market cycle is not in yet. Bitcoin Top Not In Yet &#8211; More Upside 
Ahead? According to a CryptoQuant Quicktake post by contributor PelinayPA, 
there is a 55% probability that the Bitcoin top for the ongoing market cycle 
is not in yet. The analyst highlighted BTC’s recent on-chain flows to support 
their claim. Related Reading: Bitcoin Cycle Score Turns Negative With Trend 
Below $106,780 – When Will The Correction End? In their analysis, PelinayPA 
noted that although BTC’s price has tumbled from more than $126,000 to around 
$109,000 in the second half of 2025, there has been a noticeable increase in 
0-1 day BTC inflows to exchanges. A rise in 0-1 days BTC inflows to exchange 
typically has two implications &#8211; short-term traders are taking profits, and 
there is a temporary phase of repositioning of liquidity as traders transfer 
their holdings to exchanges, anticipating price volatility. The analyst added 
that BTC held for more than six months is largely inactive, indicating that 
long-term holders are likely not selling despite the recent market crash. This 
signals market confidence among long-term holders, minimizing the possibility 
of another major sell-off in the near term. PelinayPA remarked that such 
behavior typically occurs in the mid or maturing stages of a bull cycle, where 
any dip in price is seen as an opportunity to accumulate instead of a trend 
reversal. Currently, the Bitcoin market is in a natural consolidation phase 
within an ongoing uptrend. The analyst added: In the short term, Bitcoin could 
revisit the $102K region as short term traders continue to take profits. 
However, since this selling pressure originates mainly from newer holders, it 
is unlikely to disrupt the broader bullish structure. These dips may offer 
attractive entry opportunities. Concluding, Pelinay commented that the lack of 
selling activity among BTC holders in the 6-months to 10-year time-band range 
shows that there is a 55% probability that the bull market top has not yet 
formed. BTC Could Dip To $102,000 The CryptoQuant contributor noted that, 
although it is likely that the BTC bull market top is not in yet, it does not 
mean that the top cryptocurrency would not see further temporary decline. If 
selling persists, BTC could once again test the $102,000 support level. 
Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage 
Opportunities Vanish – What It Means For Price? Similarly, crypto analyst 
Elliot Waves Academy remarked that BTC has likely finished the bullish leg of 
the ongoing market cycle. The analyst added that BTC is likely to consolidate 
around its current levels. That said, a fellow CryptoQuant contributor noted 
that BTC has entered the ‘disbelief phase,’ and may take the bears by surprise 
with a sharp surge in price. At press time, BTC trades at $108,472, down 2% in 
the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and 
TradingView.com

Analyst Says 55% Chance Bitcoin Bull Run Isn’t Over Yet – Here’s Why

Institutional adoption of crypto through ETFs enhances liquidity and tax 
efficiency, signaling a shift towards regulated digital asset integration.
The post Bitcoin whales execute $3B ETF trades with BlackRock for portfolio 
benefits appeared first on Crypto Briefing.

Bitcoin whales execute $3B ETF trades with BlackRock for portfolio benefits

Consumers deserve the choice to earn yield on stablecoins, not be boxed into 
earning interest only through banks, Kraken co-CEO Dave Ripley said.

Kraken CEO hits back as banker calls stablecoin yields a ‘detriment’

Bitcoin is on the verge of a massive rally as institutional analysts project a 
$175,000 target driven by surging demand, expanding money supply, and booming 
wallet adoption—all underpinned by a favorable U.S. regulatory shift and 
explosive blockchain use cases. Analyst Forecasts Bitcoin to Hit $175K on 
Three-Factor Growth Surge Institutional confidence in digital assets is […]

Analyst Projects $175K Bitcoin Price as Regulatory Climate Improves in US

Bealls&#8217; crypto integration may accelerate mainstream adoption of digital 
currencies, influencing retail payment trends and consumer behavior.
The post 110-year-old retailer Bealls partners with Flexa to enable crypto 
payments across 660 stores appeared first on Crypto Briefing.

Cryptocurrency price in SGD