Bitcoin has maintained stability around the $110,000 mark in October 2025, despite facing increased selling pressure and declining profits. On-chain data indicates a rise in the number of coins entering circulation from long-term holders, with approximately 62,000 BTC moving from previously inactive wallets. This increase in circulating supply has not triggered panic among investors, who continue to manage their positions cautiously. Data from Swissblock and Glassnode highlights a risk-off environment, with realized profits declining and a shift to net losses observed since late September. Despite these challenges, Bitcoin's price resilience suggests a balanced dynamic between supply and demand, as investors lock in gains while maintaining market stability.