Approximately 62,000 Bitcoin re-entered circulation in October, according to Glassnode data. This influx coincided with a decrease in Bitcoin's illiquid supply, which fell from 14.38 million BTC to 14.303 million BTC by October 23. Despite whales accumulating 16,300 BTC over the past month, selling pressure from mid-sized holders and weak buyer momentum have constrained Bitcoin's price movement. Bitcoin's price has hovered around $111,000, while the overall cryptocurrency market capitalization has declined to $3.45 trillion. The market remains stagnant as these dynamics play out, with limited upside potential for Bitcoin in the current environment.