Bitcoin price prediction: BTC softens amid Strategy and Metaplanet restrain

Bitcoin price prediction: BTC softens amid Strategy and Metaplanet restrain
Bitcoin outlook steady after six-day rally

Bitcoin price is trading lower in Tuesday’s European session, easing to around $124,000 after touching a new all-time high at $126,300 late on Monday. 

This decline comes after six consecutive daily gains in October, a run that lifted the world’s largest cryptocurrency nearly 16% from late September levels around $109,000. The retracement so far has been mild, as volume on the current dip has declined compared to the intensity of Monday’s breakout, indicating that selling pressure remains limited.

 - Bitcoin eases to $124,000 after hitting a new all-time high Monday.

- Binance Fear and Greed Index climbs to 62 showing growing investor confidence.

- BTC volume decline suggests mild selling pressure amid healthy uptrend

The latest leg of the rally has strengthened optimism across the broader digital asset market, though it has also sparked questions about sustainability. Positioning updates from Strategy and Metaplanet, two major digital asset treasury firms, both have reportedly held off on new Bitcoin purchases despite touting gains on existing reserves. Their restraint has divided sentiment among investors, who are debating whether the absence of corporate accumulation represents healthy consolidation or a warning of waning momentum.

  Bitcoin price dynamic (Sept - Oct 2025). Source: Tradingview

Interestingly, the mood across retail participants appears unusually subdued, given the fresh record highs. Google Trends data shows search interest for Bitcoin has stayed flat, indicating that retail engagement is still muted. Analysts often interpret such low attention during record price levels as a constructive sign, as euphoria-driven peaks have historically coincided with broader retail participation. Supporting that notion, the Binance global Fear and Greed Index rose to 62, entering the greed zone today after printing 58 yesterday in neutral territory. The steady rise reflects growing confidence, but not yet full-blown exuberance.

Bitcoin on-chain data reveals muted retail activity and low transaction volume

On-chain data adds a similar conclusion. Transaction activity remains low, as several recent blocks have been recorded nearly empty. The lack of aggressive movement among holders implies that most participants are content to sit on positions rather than speculate actively, reducing the risk of sudden liquidations.

From a technical standpoint, the intraday structure still favors buyers. The 50 EMA on the one-hour chart has so far cushioned price declines, acting as an immediate support zone. If dip buyers step in near this level, a rebound could develop, potentially re-establishing momentum toward $126,000. A decisive breakdown below the 50 EMA, however, would open the door to a deeper correction that could unwind most of Monday’s gains.

Overall, Bitcoin’s current consolidation phase reflects a market in strong uptrend yet devoid of excess optimism. The restrained sentiment, combined with declining volume on the pullback, points toward healthy digestion of recent gains rather than exhaustion of the rally.

We discussed Bitcoin trading near $124,000 after setting a new all-time high at $125,780 on Sunday. BTC's recovering long-short ratio showed renewed optimism after a five-day winning streak.

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