Bitcoin News Today: Bulls and Bears Clash at Bitcoin's Pivotal $108K EMA Threshold

Bitcoin's bull market remains intact, but analysts warn of critical price levels that could signal further volatility. The cryptocurrency recently tested support near $107,000, with traders closely watching whether it can hold above this threshold to avoid a potential drop toward $100,000, according to TradingView. Meanwhile, institutional demand has stabilized, with market participants describing the current phase as a "re-accumulation" period rather than a bearish correction, according to a Coinotag analysis. This dynamic has bolstered crypto equities and mining operations, though leveraged derivatives continue to pose near-term risks, the Coinotag piece noted.

The price action reflects broader uncertainty amid mixed technical indicators. Bitcoin's 200-day exponential moving average (EMA) at $108,062 has become a pivotal level, with a daily close below this threshold potentially confirming a bearish grip and extending the downtrend toward $102,000, according to FXStreet. On-chain data also highlights a tug-of-war between bulls and bears, as traders grapple with macroeconomic liquidity shifts and regulatory developments, the Coinotag analysis adds. Ethereum and XRP have mirrored Bitcoin's volatility, with Ethereum's 50-day EMA at $4,165 and XRP's death cross pattern underscoring bearish sentiment, FXStreet observed.

Institutional adoption, however, offers a counterbalance. Corporate treasuries have accumulated over 1 million BTC since 2023, with companies like MicroStrategy and BlackRock treating Bitcoin as a strategic asset, according to Coinlaw. The rise of U.S. spot Bitcoin ETFs, now holding 1.34 million BTC (6.4% of total supply), has further normalized Bitcoin's role in institutional portfolios, Coinlaw reports. Galaxy Digital, which reported $505 million in Q3 profits and $17 billion in assets under management, has become a key player in this shift, as noted by Decrypt.

Yet challenges persist. Reduced corporate inflows have prompted retail investors to adopt hedging strategies, such as options or ETF pairs, to mitigate downside risks, an FXStreet analysis found. Analysts caution that while Bitcoin's supply remains constrained by corporate holdings, volatility from leveraged futures markets could still disrupt near-term stability, the Coinotag analysis warned.

Ownership data also reveals a maturing market. As of October 2025, approximately 106 million individuals globally hold Bitcoin, with institutional entities controlling 7.8% of the supply, Coinlaw reports. The U.S. leads in adoption, with 28% of adults owning crypto, while emerging markets like Vietnam and the Philippines show rapid growth, according to Coinlaw. Despite this, wealth concentration remains stark, with the top 100 richest addresses holding a disproportionate share of BTC, Coinlaw notes.

Looking ahead, market participants are divided. Some foresee a rebound above $116,000 triggering a new bullish cycle, while others warn of a potential $95,000 floor if support levels fail, TradingView warned. The upcoming U.S. CPI data and regulatory clarity on stablecoins could further shape sentiment, according to Benzinga. For now, the interplay between institutional demand, retail participation, and macroeconomic factors will define Bitcoin's trajectory in 2025.