Bitcoin ( BTC ) remains marginally down over the past 24 hours, trading around $104,693. The flagship cryptocurrency’s recovery stalled on Tuesday as it registered a 2.80% drop to $103,009. Analysts have warned that historic November rallies may not materialize as Bitcoin continues trading in a range, stuck between $100,000 and $115,000, as long-term holders continue dumping their assets. Government Shutdown Nearly Over The US Senate has moved to restart the US government after nearly 40 days, as several Democratic lawmakers sided with Republicans to pass a funding bill. The US Senate held a late-night vote on Monday to vote for a bill that continues appropriations and extensions for the fiscal year 2026. The bill passed 60-40. The bill will fund the US government through January 31, 2026, but must pass through the House of Representatives before reaching President Trump’s desk. The House is expected to reconvene and vote on the bill on Wednesday, as Tuesday was a federal holiday. Prediction platform Polymarket expects the government to be functional by Friday. The shutdown, the longest in US history, saw key agencies furlough staff and reduce operations due to the lack of funding. Spot Bitcoin ETFs Register Inflows Spot Bitcoin ETFs registered $524 million in net inflows on Tuesday, with BlackRock’s IBIT leading with $224 million, according to data from SoSoValue. Fidelity’s FBTC was second with $166 million in net inflows. This takes the historical inflows for spot Bitcoin ETFs past $60 billion, with total assets under management at $137.83 billion, 7% of Bitcoin’s total market capitalization. Analysts believe Bitcoin will not see a consistent recovery until spot Bitcoin ETF inflows remain sluggish. Long-term holders have also maintained a steady pace of selling, and QCP’s market insights highlighted only a small improvement in market sentiment, as traders remain wary of another liquidation event. Bitcoin (BTC) Price Analysis Analysts have warned that Bitcoin's ( BTC ) historic November rallies may not materialize this year as multiple signals and on-chain indicators suggest prolonged consolidation rather than upward momentum. The flagship cryptocurrency has been bogged down by persistent selling from large holders. Institutional demand has also waned following the October 10 crash, which saw over $20 billion liquidated. According to an analysis by Bitfinex, BTC has dropped nearly 9%, revisiting range lows. The analysis also reveals that long-term holders have accelerated BTC selling to the tune of 104,000 BTC per month, the highest since July. The analysts noted in their report, “Unless ETF inflows or new spot demand returns to absorb ongoing distribution, BTC is likely to remain range-bound, with a risk bias toward retesting the $106,000–$107,000 zone.” Bitfinex also warned that if selling pressure returns, price action could drag Bitcoin towards $100,000 again. Meanwhile, Federal Reserve officials are deeply divided over what is a greater threat: a sluggish labor market or persistent inflation. Kansas City Fed President Jeff Schmid had dissented against the rate cut in October, while Cleveland’s Beth Hammack and Dallas’s Lorie Logan have also opposed further rate cuts. Fed Chair Jerome Powell acknowledged the divisions, stating, “People just have different risk tolerances, so that leads you to people with disparate views.” According to data from TradingView, BTC dropped after hitting new November highs around $107,000. This formed a resistance zone that bulls could not overcome. Price action turned negative, pushing BTC down to current levels. The decline saw BTC fill the CME Gap at around $104,000. Prominent trader Daan Crypto Trades stated, “Another gap closed within the first few trading days of the week. This has become an incredibly reliable and predictable pattern by now. Most people are aware of this, so you'd assume at some point it would stop happening. Usually I'd agree, but this has been a high probability event for the past 4-5 years by now.” Trading resource Material Indicators highlighted that a snap sell-off by large BTC holders likely caused the price drop. “FireCharts shows a massive $240M market dump in the BTC order book. Interestingly, Brown Mega Whales only account for about $3M of that.” BTC started the previous weekend in positive territory, rising 1.15% on Friday and settling at $109,555. Price action remained positive on Saturday and Sunday as BTC rose 0.45% and 0.44% to cross $110,000 and settle at $110,536. Selling pressure returned on Monday as the price fell nearly 4% and settled at $106,557. The bearish sentiment intensified on Tuesday as BTC slipped below $100,000, falling to a low of $98,892. However, it rebounded from this level to reclaim $100,000 and settle at $101,468. Despite the overwhelming selling pressure, BTC recovered on Wednesday, rising over 2% and settling at $103,869. Source: TradingView BTC returned to bearish territory on Thursday, dropping to a low of $100,235 before settling at $101,290. The price slipped below $100,000 again on Friday, falling to a low of $99,170 before recovering and settling at $103,284, ultimately rising nearly 2%. Price action was mixed over the weekend as BTC fell 0.97% on Saturday before rising 2.36% on Sunday and settling at $104,964. Buyers retained control on Monday as BTC rose 1.23% and settled at $105,979. Buyers lost momentum on Tuesday as BTC fell nearly 3% and settled at $103,009. The flagship cryptocurrency has reclaimed $105,000 during the ongoing session, and is trading around $105,099. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.