Bitcoin Price Forecast: BTC ETF Inflows Rise, Gold Declines — But 'Trump Insider' Whale Continues to Bet on a Drop

Bitcoin Price Movement: Bitcoin's price increased slightly to $107,717 with a significant trading volume surge of 82% to $107 billion, driven by positive spot BTC ETF inflows totaling $477 million on October 21.

Gold Price Decline: Gold prices fell over 6%, marking the largest single-day decline in more than five years, as traders took profits after reaching an all-time high, resulting in a market cap drop of approximately $2.1 trillion.

Bearish Sentiment from Crypto Whale: A notable crypto whale, referred to as the "Trump Insider," has increased their short position on Bitcoin to 2,100 BTC, indicating a strong belief in a potential price drop despite the current market conditions.

Technical Analysis of Bitcoin: Bitcoin is showing signs of weakness with a potential head-and-shoulders pattern forming, suggesting a possible trend reversal, as it struggles to maintain momentum above critical support levels and faces increased selling pressure.