Bitcoin Holds $105K–$107K as Market Sentiment Improves; Altcoins Could Rally If BTC Breaks Its All-Time High

According to Wintermute’s November 11 Market Brief, market sentiment has improved and risk appetite has risen, supporting cautious positioning. Bitcoin price remains range-bound at $105,000–$107,000, signaling resilience. To unlock broader altcoin momentum, BTC would need to approach its all-time high, with near‑term volatility tied to U.S. regulatory and political developments.

In the week, sentiment strengthened versus October’s pullback as investors realign exposure in selective risk assets. Trump’s tariff rebate briefly boosted risk appetite, while the easing of the government shutdown and softer macro data provided support. Crypto inflows remain limited and underperform peers.

Led by DeFi, L2, AI, and DePIN, market breadth remains narrow, with a handful of coins driving gains. Flows stay concentrated in mainstream coins, while altcoins lack sustainability. A break above prior BTC highs could trigger rotation.

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