22 October 2025,06:25
Daily Market Analysis New
22 October 2025, 06:25
*Bitcoin’s 4% intraday surge above $113,000 quickly reversed, exposing persistent selling pressure and a fragile market structure.
*The Crypto Fear & Greed Index stays deep in “Fear” at 24, while BTC futures open interest has dropped to $33 billion from last month’s $45 billion peak.
*Net outflows from the U.S. Spot Bitcoin ETFs signal waning institutional demand, reinforcing the bearish bias in the near term.
The cryptocurrency market endured a volatile session characterized by a “roller-coaster” price action for major assets like Bitcoin (BTC) and Ethereum (ETH). BTC initially rallied over 4% during New York trading hours, only to see those gains evaporate entirely, hammering the price back to its daily lows.
This whipsaw price action is attributed to cascading liquidity and a fragile market structure, making the asset prone to sharp swings. The failed rally, which briefly pushed BTC above $113,000, underscores the significant selling pressure that continues to cap upward movements. The inability to sustain gains highlights that bearish sentiment remains a primary headwind, hindering a meaningful recovery from the recent downtrend.
Broader market indicators confirm this weakness. The Crypto Fear & Greed Index remains entrenched in “Fear” territory at 24, reflecting pervasive investor anxiety. Furthermore, market activity has dimmed, with aggregate Open Interest for BTC futures falling to approximately $33 billion, a notable decline from last month’s peak above $45 billion, indicating capital is leaving the leveraged derivatives market. Adding to the headwinds, U.S. Spot Bitcoin ETFs have registered net outflows in the near term, removing a key source of institutional demand and exerting additional downward pressure on prices. The confluence of these factors suggests the path of least resistance remains lower in the near term.
BTC experienced a classic technical reversal in the last session, initially rallying over 4% from the $108,000 support to reclaim the $113,000 level. However, this move proved to be a bull trap, as the price was sharply rejected after tapping liquidity near $113,150, sliding back to its daily lows. This price action—a false breakout followed by a decisive rejection—is a strong bearish signal, suggesting that sellers remain in firm control and are actively defending higher levels.
The immediate focus now shifts to the critical uptrend support line at approximately $108,150. A sustained break below this foundational support would further justify the bearish bias and likely trigger the next leg down toward lower technical targets.
This bearish price narrative is currently at odds with momentum indicators, creating a notable divergence. The Relative Strength Index (RSI) continues to hover neutrally above its mid-point, while the Moving Average Convergence Divergence (MACD) shows tentative signs of a potential bullish crossover. This contradiction suggests that while underlying bearish momentum dominates price action, the selling pressure may not yet be exhaustive. In this context, the clear bearish rejection at resistance carries more weight than the neutral momentum readings. The battle at the $108,150 support will be decisive; a hold could lead to consolidation, while a breakdown would likely resolve the indicator divergence in favor of the bears.
Resistance Levels: 112,445.00, 117,350.00
Support Levels: 103,650.00, 98,650.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
