Bitcoin is trading near $111,280 after falling 1.48% in October, bucking typical seasonal gains. AI models analyzing market conditions forecast an average price of $110,000 for the Halloween period (October 24–31), representing a potential 1.17% decline from current levels. The projections come as the cryptocurrency faces mixed technical signals and institutional developments.

Bitcoin traded at $111,307 with a 2.05% gain in 24 hours, but analyst Charles Edwards warned that quantum computing advances may pose the greatest risk to the cryptocurrency. Edwards stated at Token 2049 that without a cryptographic upgrade within a year, Bitcoin could face its worst bear market as quantum systems approach the capability to break elliptic curve encryption. The analyst emphasized that the network requires immediate action to address this existential security threat.

Bitcoin is trading near $111,000 ahead of the weekend, when liquidity typically thins and volatility may increase. Data show five critical price levels that could trigger significant moves during low-volume sessions, with the largest long liquidation cluster sitting between $108,000 and $108,500.

JPMorgan Chase plans to allow institutional clients to pledge Bitcoin and Ethereum directly as loan collateral by the end of 2025, according to people familiar with the matter. The program will use third-party custodians to hold the assets separate from the bank's balance sheet. The move expands on JPMorgan's earlier acceptance of crypto-linked ETFs as collateral in 2025.

JPMorgan Chase will allow institutional clients to use Bitcoin and Ethereum as collateral for loans, according to sources familiar with the matter. The world's largest bank by market capitalization plans to launch the service by the end of 2025, with third-party custodians holding the pledged digital assets. The move marks a shift from the bank's historically cautious stance on cryptocurrency, despite CEO Jamie Dimon previously describing Bitcoin as "a pet rock."

JPMorgan Chase announced on October 24, 2025, that institutional clients can now use Bitcoin and Ethereum as collateral for loans. The bank partners with third-party custodians including Coinbase and Anchorage Digital to manage custody risks. The move marks a significant integration of digital assets into traditional banking services.

Bitcoin remains vulnerable to drawdowns of up to 50% even as institutional adoption rises, according to Tom Lee, chairman of BitMine. Lee noted that Bitcoin continues to track equity markets with amplified movements, meaning a 20% decline in the S&P 500 could result in a 40% drop for Bitcoin. Despite volatility concerns, Lee maintains his forecast that Bitcoin could reach $200,000–$250,000 by year-end.

Bitcoin's Short-Term Holder Net Unrealized Profit/Loss has moved into negative territory, signaling pressure on recent buyers. The metric last reached similar levels in April of the previous year, ahead of a sustained price rally. Long-term holders continue selling at profit with SOPR at 2.3, while Bitcoin consolidates above the $108,000 demand zone.