Bitcoin's recent price action has captured the attention of traders worldwide, with the cryptocurrency rebounding impressively from the $100,000 mark to $106,000. According to on-chain analytics firm Glassnode, this bounce signals improving momentum and a notable easing of selling pressure. As we delve into this development, it's crucial to examine the underlying on-chain metrics and market indicators that suggest early stabilization following October's drawdown. This analysis aims to provide actionable insights for traders navigating the volatile BTC market, highlighting potential support and resistance levels along with trading opportunities in related pairs like BTC/USD and BTC/ETH.

Analyzing Bitcoin's Price Rebound and Momentum Shift

In the latest Market Pulse report shared by Glassnode on November 10, 2025, Bitcoin's recovery from $100K to $106K is portrayed as a pivotal moment. This 6% uptick occurred amid reduced leverage across exchanges, which has historically preceded periods of market stabilization. Traders should note that on-chain activity has shown signs of revival, with increased transaction volumes indicating renewed investor interest. For instance, the daily trading volume on major platforms surged by approximately 15% during this bounce, correlating with a drop in realized losses from sellers. This data points to a potential shift from bearish to bullish sentiment, especially as Bitcoin tests key resistance at $108,000. If BTC breaks above this level, it could target $110,000, offering long positions attractive entry points around current support at $104,000.

On-Chain Metrics Supporting Stabilization

Diving deeper into the on-chain data, Glassnode highlights reduced leverage as a critical factor in easing selling pressure. Metrics such as the futures open interest have declined by 10% since the October drawdown, reducing the risk of forced liquidations that exacerbated the previous dip. Additionally, the net unrealized profit/loss indicator has moved into positive territory, suggesting that holders are less inclined to sell at a loss. This stabilization is further evidenced by a 20% increase in active addresses over the past week, timestamped from November 3 to November 10, 2025. For crypto traders, these indicators imply a favorable environment for swing trading, particularly in pairs involving altcoins that often follow Bitcoin's lead. Monitoring on-chain flows into exchanges could provide early signals of any renewed selling, but current trends lean towards accumulation by long-term holders.

From a broader market perspective, this Bitcoin rebound aligns with positive macroeconomic cues, potentially influencing institutional flows into crypto. Traders should watch for correlations with stock market indices, as a strengthening S&P 500 could bolster BTC's upward trajectory. In terms of trading strategies, consider using technical indicators like the RSI, which has climbed from oversold levels below 30 to a neutral 50, indicating room for further gains without immediate overbought risks. Volume-weighted average price (VWAP) analysis from the November 10 session shows strong buying interest above $105,000, reinforcing the bullish case. However, risk management remains key; setting stop-losses below $102,000 could protect against any sudden reversals driven by external factors like regulatory news.

Trading Opportunities and Market Implications

Looking ahead, the easing of selling pressure opens doors for various trading plays. Scalpers might capitalize on intraday volatility in BTC/USDT pairs, where 24-hour volumes have exceeded $50 billion, providing ample liquidity. For longer-term investors, this stabilization phase post-October drawdown could mark the beginning of a new uptrend, especially if on-chain metrics continue to improve. Cross-market opportunities arise when considering AI tokens, as advancements in blockchain analytics powered by AI could enhance on-chain data interpretation, indirectly boosting sentiment around BTC. Institutional interest, tracked through ETF inflows, has seen a 12% rise week-over-week, suggesting sustained buying pressure that could push prices higher.

In summary, Bitcoin's bounce to $106K, as detailed in Glassnode's November 10, 2025, update, underscores a market in recovery mode. By integrating these on-chain insights with real-time price monitoring, traders can identify high-probability setups. Whether focusing on breakout trades above $108K or hedging with options, the current setup favors cautious optimism. Stay updated with verified sources for the latest metrics to refine your strategies in this dynamic crypto landscape.