Despite initial optimism after last month’s market drop, Bitcoin struggles to regain its footing. Data from Odaily shows that the cryptocurrency has failed to fully recover following a sharp price decline, fueled by signs of market fatigue. On Monday, Bitcoin briefly breached $107,000 before retracing to below $105,000. This reflects the fragility of current sentiment amidst a sell-off that wiped out billions in value. The recent downturn is attributed to large holders taking advantage of this year’s highs and lingering uncertainty following a series of early October liquidations. Despite some gains in other markets like stocks and bonds, Bitcoin ETFs have remained relatively subdued, attracting only $1 million in net inflows on Monday. Analysts are closely watching the cryptocurrency’s position below its 200-day moving average, currently around $110,000, as a key indicator of whether any sustained price uptrend might occur.