Bitcoin price prediction: BTC falls below $108,000 amid ETF outflows and whale transfers

Traders Union
All News
Crypto News
Bitcoin whales trigger sell pressure

All news

Editors' Picks

Crypto News

Financial News

Market Voices

Billionaires

Companies

Broker News

Regulators News

Sholanke Dele

03.11.2025

Bitcoin price prediction: BTC falls below $108,000 amid ETF outflows and whale transfers — Bitcoin slides below $108,000 as major whale deposits trigger renewed selling pressure

Bitcoin price faced renewed pressure early Monday as major holders moved large amounts of BTC to exchanges, sparking fresh speculation of profit-taking and short positioning among long-term investors. The transfers have unsettled traders, adding to concerns about persistent outflows from Bitcoin exchange-traded funds over the past two weeks.

- Bitcoin slides below $108,000 as major whale deposits trigger renewed selling pressure.

- BTC RSI signals oversold, while ETF outflows sustain short-term bearish sentiment.

- Key $105,000 support may hold again if selling slows and accumulation resumes.

Onchain data showed that a veteran BitcoinOG, who previously timed the October 11 crash, deposited 13,000 BTC worth about $1.48 billion to Kraken since October 1. Another early adopter, Owen Gunden, transferred 3,265 BTC valued at $364.5 million to the same exchange since October 21. The timing of these movements coincides with Bitcoin’s 3% drop to below $108,000 during Monday’s early trading session.

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

The heavy inflows of coins to exchanges suggest that some whales might be preparing for potential liquidation events or leveraged short trades. This interpretation is reinforced by the Binance Fear and Greed Index, which currently reads 34, indicating a prevailing sense of fear among retail traders.

Key support near $105,000 could anchor BTC for a possible rebound this week

Technically, Bitcoin’s short-term outlook turned bearish after rejection from the 20-day exponential moving average around $111,000 on Sunday. The failed attempt to reclaim that level has kept sellers in control. The 20-day EMA now acts as near-term resistance, while the next key support sits at $105,000. This support zone has cushioned Bitcoin against several retracements since July and may again serve as a base for potential price stabilization in November.

Despite the decline, some signs of short-term exhaustion are emerging. Sell volume, which spiked during the Asian session, has eased slightly since the start of European trading. At the same time, the one-hour RSI has dipped into oversold territory, suggesting the bearish momentum could be reaching a temporary limit.

Looking ahead, Bitcoin could still slide toward the liquidity pocket below last week’s low at $106,300 before stabilizing. If the $105,000 floor holds as it did during the October 11 crash, a rebound could develop later in the week. However, continued ETF outflows and whale activity may keep traders defensive until signs of fresh accumulation or renewed buying pressure appear.

We discussed Bitcoin dropping over 4% after the Federal Reserve’s 25-basis-point rate cut. ETF outflows weighed on sentiment as Bitcoin extended losses for a fourth straight day.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.