Recent predictions from AI models indicate a flat trend for Bitcoin, while also highlighting a high level of uncertainty.
AI Predictions and Their Uncertainty
The Temporal Fusion Transformer (TFT) model predicts that Bitcoin (BTC) will decline by 1.72% over the next 30 days, reaching $108,771 by October 6. However, this estimate is accompanied by a sharp rise in uncertainty, raising concerns about potential volatility. A slight drop of 1.1% is expected in the coming week. While the market appears stable, AI models reflect growing unpredictability, which may impact short-term strategies.
Market: Short Positions and Institutional Retreat
Despite neutral trends in the market, bearish sentiment is evident as large players adopt aggressive short positions. Recently, a Bitcoin whale opened a $150.49 million short position using 25x leverage, indicating caution among high-capital traders. Additionally, a sharp decline in Bitcoin treasury company activity may reflect a slowdown in institutional demand.
Current Bitcoin Market Situation
Currently, Bitcoin is trading around $111,548, down 0.22% for the day. The retreat in corporate buying activity may signal either temporary profit-taking or early signs of demand fatigue among institutional players.
Current forecasts suggest that Bitcoin may remain within the $108,000 to $120,000 range, with a high level of uncertainty and potential price deviations.
