Bitcoin Faces Pressure to End October in Green as 2018 Sell Off Haunts Market

TL;DR

• Bitcoin stabilizes near $110,000 after a strong recovery.
• Santiment data reveals maximum retail panic when BTC hit $107,000.
• The rebound challenges widespread bearish sentiment on social media.

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The pioneer cryptocurrency, Bitcoin, is demonstrating notable resilience by holding steady near the psychological level of $110,000. This consolidation comes after a sharp rebound, challenging a market sentiment that had turned extremely pessimistic.

Recent price action was marked by intense volatility. Numerous voices in the market had predicted a significant drop, anticipating that Bitcoin would break the key support level of $100,000. However, the cryptocurrency found temporary support at $107,000 before starting its recovery.

Bitcoin on the day of this storysnapshot 31 Oct 2025

Day open

$108,323

00:00 UTC

Past 7 days

−1.6%

from $110,078

Since the open

−39.7%

$65,337 · 15 Nov, 12:20 UTC

All-time high

−14.1%

$126,080 · Oct 2025

Data: Binance, CoinGeckoLive Bitcoin price →

Key data shed light on market psychology during that dip. According to this data, fear among retail investors reached its highest point precisely when Bitcoin hit $107,000. This level of panic had not been seen since the market’s last severe correction.

This extreme fear triggered a wave of bearish sentiment that flooded social media and discussion forums. The narrative of an impending crypto winter gained traction, fueling selling pressure.

Extreme Fear as a Contrarian Signal

Despite the widespread panic, Bitcoin’s rapid recovery back to the $110,000 zone suggests that these premature bear market calls might have been an overreaction.

In market analysis, extremely negative retail sentiment is often considered a contrarian signal. Historically, peaks of extreme fear tend to coincide with local market bottoms, as they indicate a capitulation by weak sellers, leaving the path clear for buyers with greater conviction to take control. The rebound from $107,000 casts doubt on the validity of an imminent collapse below $100,000.

Although volatility remains a constant, BTC’s ability to absorb selling pressure at key levels and recover swiftly suggests that underlying demand remains strong. Investors are now watching to see if this support can be consolidated.