The Czech National Bank has established a $1 million experimental portfolio to evaluate Bitcoin and blockchain-based assets for potential reserve diversification. Governor Aleš Michl announced the initiative in January 2025. Findings are expected within two to three years.

Bitcoin trades between $100,000 and $105,000 after rejection near $107,000. Large holders accumulated approximately 45,000 BTC over the past week, valued at roughly $4.6 billion, according to BRN Research. Glassnode identifies a supply zone between $106,000 and $110,000 as key resistance preventing upward movement.

Bitcoin fell to approximately $100,700 on Wednesday, marking a 3.5% weekly decline. Long-term holders have sold more than 815,000 BTC over the past month, raising concerns that reduced liquidity could push prices toward the $98,000 level. Market participants are watching whether continued selling pressure and elevated leverage will drive the asset into lower liquidity zones.

Bitcoin remains above $100,000 as the Exchange Supply Ratio for stablecoins hits 0.457, the highest level in 2025, according to CryptoQuant data cited by XWIN Research Japan. The U.S. Dollar Index has declined approximately 8% year-to-date, with a correlation coefficient of -0.52 against Bitcoin indicating an inverse relationship. Total stablecoin market capitalization across major issuers approaches $260 billion.

Ethereum's ability to sustain its recent upward momentum depends on Bitcoin holding above its 50-week moving average at approximately $103,000, according to crypto analyst Benjamin Cowen. If Bitcoin closes below this technical threshold for two consecutive weeks, it could signal the end of Ethereum's current cycle. Bitcoin currently trades at $98,653, having already slipped below the key level.

Bitcoin reached an intraday low of $98,081 on Monday, its lowest level since early May, pushing the cryptocurrency's market capitalization below $2 trillion. Data show approximately $400 million in crypto positions were liquidated over the past 24 hours. Long positions comprised the majority of losses, marking the second time this month Bitcoin has fallen below $100,000.

Bitcoin fell below $100,000 on Thursday, trading at $98,841.86 with a 2% decline over 24 hours. The broader crypto market recorded $463 million in liquidations, with $342 million from long positions, data show. Bitcoin spot ETFs saw outflows of approximately $278 million on Wednesday.

Bitcoin fell to $98,244 on November 13, 2025, breaking below the $100,000 level and triggering widespread liquidations. More than $220 million in leveraged positions were wiped out within a single hour. Long positions accounted for $216.35 million of the total, according to market data.