Bitcoin Reclaims $103,000 After Sub-$100,000 Shakeout as ETF Outflows Hit Six Days

Overview

• Bitcoin bounced from roughly $99,000–$99,600 to about $103,400 after a drop that put it more than 20% below its October record, confirming a short-term bear market.
• U.S. spot Bitcoin funds logged a sixth straight day of net outflows, taking the streak above $2.05 billion, with BlackRock’s IBIT down $375 million even as some peers saw smaller inflows.
• Derivatives data showed a heavy flush, with CoinGlass reporting more than $1.7 billion in crypto liquidations over 24 hours, mostly long positions.
• On-chain indicators point to stress among newer buyers, with the 7-day STH-SOPR at about 0.99 and sentiment gauges near extreme fear, while price faces resistance around $106,000–$112,000.
• Supply signals are mixed as reports cite long-term selling alongside accumulator wallets adding roughly 375,000 BTC in 30 days, and analysts frame $99,000–$100,000 as a pivotal area for the next move.