Bitcoin recorded its poorest October performance in ten years, trading near $110,000 after failing to hold gains above the $108,000–$117,000 range set in September. ERC-20 stablecoin supply surpassed $250 billion, with Binance holding $48.8 billion, according to CryptoQuant data. The buildup in stablecoin reserves suggests investors may be preparing capital for market deployment despite prevailing uncertainty.

Bitcoin holds near $110,000 as futures open interest declines and stablecoin supply reaches $158.8 billion. China's M2 money supply has expanded to $47 trillion, creating a $25 trillion gap with the U.S. figure of $22 trillion. Historical data suggest Bitcoin's price movements correlate more closely with Chinese liquidity trends than U.S. monetary policy shifts.

Bitcoin is trading around $110,000 while forming a symmetrical triangle pattern that typically precedes significant price movements. On-chain analyst Ali suggests a possible retest of $107,500 support before another attempt at the $115,000 resistance level. The cryptocurrency has been consolidating between $106,000 and $116,000 for most of the past week.

BlackRock transferred $506 million in digital assets to Coinbase Prime on November 1. The transaction comprised approximately 3,496 BTC valued at $384 million and 31,754 ETH worth $122 million, according to Arkham data. The assets originated from wallet addresses associated with the firm's iShares Bitcoin ETF and iShares Ethereum ETF products.

Large Bitcoin traders on Binance have increased average spot order sizes to $1.96 million, reflecting institutional accumulation. The metric has climbed steadily since mid-October, with whales viewing current price levels as strategic entry points, according to CryptoQuant analyst Arab Chain. Daily spot trading volume for Bitcoin pairs on the exchange exceeded $2.82 billion.

Bitcoin fell from approximately $118,000 to near $110,000 by October 31, 2025, breaking typical seasonal patterns. Network activity declined sharply, with active addresses dropping 26.1% to 872,000 and transaction fees falling from $8.44 to $0.56, data show. November has historically delivered a median return of 8.81% for BTC since 2013, with potential upside factors including easing trade tensions and increased probability of a December Federal Reserve rate cut.

Bitcoin has not reached its cycle top, according to five technical indicators identified by Mark Newton, global head of Technical Strategy at Fundstrat Global Advisors. The cryptocurrency traded above $110,000 on November 1, while the Crypto Fear and Greed Index remained at 33 out of 100, indicating persistent fear in the market.

Japan has activated its first government-linked Bitcoin mining facility, deploying 4.5 megawatts of Canaan Avalon mining rigs to absorb surplus solar and wind power from a regional utility. The system dynamically adjusts hashing capacity in response to grid conditions, stabilizing loads and eliminating renewable curtailment. Industry analysts suggest the unnamed operator is likely Tokyo Electric Power Company, which has previously conducted similar trials.