Analysis: Bitcoin retreated after breaking through $107,000, reflecting cautious market sentiment and a lack of new growth momentum.

Odaily Planet Daily reports that Bitcoin is struggling for a meaningful recovery after last month's plunge, but the crypto market continues to show signs of fatigue. On Monday, Bitcoin briefly broke through $107,000 before falling back below $105,000, highlighting fragile sentiment following a broad sell-off that wiped out billions of dollars in market capitalization. This downturn was partly fueled by profit-taking by large holders near this year's highs and lingering unease following the liquidation in early October. Inflows into exchange-traded funds (ETFs) also showed little enthusiasm. On Monday, despite gains in stock and credit markets following Washington's move to end the government shutdown, the US-listed Bitcoin ETF attracted only $1 million in net inflows. From a technical perspective, Bitcoin remains firmly below its 200-day moving average, currently around $110,000—a key threshold analysts consider crucial for any sustained upward movement.