Your daily access to the backroomYour daily access to the backroom

Bitcoin Nears $115K After Weekend Liquidation But Tariff Risk Looms Large

Key Takeaways

  • BTC staged a 3.17% intraday rebound to about $115,000, but faces stiff resistance at $116,000–$116,500; sustained spot demand is required to rebuild a sustainable uptrend.
  • Weekend deleveraging purged speculative longs; short-term positioning remains fragile (Hyperliquid long/short bias remains deeply negative).
  • ETH, BNB, SOL and XRP led the bounce (ETH +8.2% to $4,140; BNB +14% to $1,288). The breadth of recovery across the market helps, but ETF flows this week will determine durability.
  • Macro risk: Spot gold hit a record $4,059.30/oz and President Trump reaffirmed tariffs for November 1 with geopolitics and trade policy remaining primary tail risks.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.