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5h ago

Bitcoin Briefly Breaks $100,000 Before Rebound As ETF Outflows And Liquidations Mount

Analysts highlight a weakened institutional bid, conflicting on‑chain signals, and support near $98,000–$100,000 as traders gauge whether the pullback deepens or stabilizes.

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Bitcoin slips under $100K, but the data says fear is lying - What now?
Photo: Jievani Weerasinghe
Bitcoin [BTC]

Overview

  • The price fell to roughly $99,000 before bouncing to around $103,000–$104,000, leaving Bitcoin more than 20% below October’s all‑time high near $126,000.
  • Derivatives trackers reported over $1 billion in 24‑hour liquidations, with a heavy skew toward long positions being wiped out.
  • U.S. spot Bitcoin ETFs saw about $577–$578 million in single‑day outflows, the largest since July, reducing a recent source of steady demand.
  • On‑chain readings diverged as reports cited 300,000–400,000 BTC reactivated or sold by longer‑term holders, even as accumulator wallets reportedly added about 375,000 BTC in 30 days.
  • Short‑term holder loss metrics slipped below parity and key levels near $98,000–$100,000 are in focus, while Galaxy cut its 2025 target to $120,000 and macro liquidity concerns persist.