{"id":5176,"date":"2025-10-23T14:16:35","date_gmt":"2025-10-23T14:16:35","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/10\/23\/bitcoin-price-steady-at-109000-as-market-awaits-cpi-analysts-split-on-direction\/"},"modified":"2025-10-23T14:16:35","modified_gmt":"2025-10-23T14:16:35","slug":"bitcoin-price-steady-at-109000-as-market-awaits-cpi-analysts-split-on-direction","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/10\/23\/bitcoin-price-steady-at-109000-as-market-awaits-cpi-analysts-split-on-direction\/","title":{"rendered":"Bitcoin Price Steady at $109,000 as Market Awaits CPI, Analysts Split on Direction"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Steady at $109,000 as Market Awaits CPI, Analysts Split on Direction<\/a><\/p>\n

<\/div>\n

Bitcoin is trading around $109,000, holding in what analysts at QCP Capital call a \u201cnarrow-range equilibrium\u201d ahead of Friday\u2019s U.S. Consumer Price Index (CPI) release \u2014 one of the few data points unaffected by the ongoing U.S. government shutdown.<\/p>\n

QCP described the CPI<\/a> as a \u201csingular anchor\u201d for policy expectations, with a soft 0.2% increase potentially boosting risk assets and improving liquidity sentiment. Until then, markets remain frozen in place, caught between cautious optimism and profit-taking.<\/p>\n

Bitcoin has drifted lower since hitting a record high<\/a> above $126,000 on Oct. 6, shedding momentum as traders digest mixed macro signals.\u00a0<\/p>\n

\u201cThe bull run is over,\u201d warned John Glover per Yahoo Finance<\/em>, who believes the market has entered a bear phase that could extend into late 2026. Glover expects prices to retrace toward $70,000\u2013$80,000, though he acknowledged short-term rebounds toward $124,000 remain possible.<\/p>\n

Bitcoin price not in full-blown bear market<\/h2>\n

Others see the move as a healthy reset. VanEck\u2019s ChainCheck report called the pullback<\/a> a \u201cliquidity-driven mid-cycle adjustment,\u201d not a full-blown bear market. The firm pointed to normalized leverage, steady on-chain activity, and Bitcoin\u2019s growing role as a hedge against fiat debasement.\u00a0<\/p>\n

Analysts Matthew Sigel and Nathan Frankovitz noted that global liquidity \u2014 measured through M2 money supply \u2014 still explains more than half of Bitcoin\u2019s price movements, underscoring its macro sensitivity.<\/p>\n

Asian trading hours have increasingly dictated global trends, VanEck said, linking the October drawdown to tightening liquidity in Asia as central banks defend their currencies.\u00a0<\/p>\n

Futures open interest has fallen from an overheated $52 billion peak to normalized levels, clearing speculative excess and setting up potential re-entry points.<\/p>\n

Still, Standard Chartered\u2019s Geoffrey Kendrick remains bullish. He expects a dip<\/a> below $100,000 \u201cinevitable\u201d in the short term \u2014 but views it as a buying opportunity, maintaining his $200,000 year-end target and a long-term forecast of $500,000 by 2028.<\/p>\n

ETF flows reinforce the uncertainty. U.S. spot Bitcoin ETFs saw<\/a> $101 million in outflows Wednesday, with Ethereum ETFs losing another $19 million, signaling cooling institutional appetite.<\/p>\n

But just yesterday, T. Rowe Price, one of the largest U.S. asset management firms, filed with the Securities and Exchange Commission (SEC) to launch a cryptocurrency-focused ETF.<\/p>\n

The proposed ETF will \u00a0track<\/a> the ten largest U.S.-listed cryptocurrencies by market capitalization that meet SEC listing standards.<\/p>\n

This post Bitcoin Price Steady at $109,000 as Market Awaits CPI, Analysts Split on Direction<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Steady at $109,000 as Market Awaits CPI, Analysts Split on Direction Bitcoin is trading around $109,000, holding in what analysts at QCP Capital call a \u201cnarrow-range equilibrium\u201d ahead of Friday\u2019s U.S. Consumer Price Index (CPI) release \u2014 one of the few data points unaffected by the ongoing U.S. government shutdown. QCP […]<\/p>\n","protected":false},"author":0,"featured_media":5177,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5176"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5177"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}