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Bitcoin Slips Toward $102,000 as ETF Inflows Rebound and Shutdown Deal Advances

Strong ETF inflows collide with institutional caution, capping momentum.

Overview

  • U.S. House approval of a funding bill, following the Senate vote, sets up an end to the 43‑day government shutdown as crypto trades stay choppy.
  • U.S. spot bitcoin ETFs logged roughly $524 million in net inflows on Tuesday, their best day in over a month, with iShares leading and total ETF assets above $137 billion.
  • Bitcoin rebounded to about $105,000 before sliding below $102,000 during U.S. trading hours, with a negative Coinbase Premium signaling weaker domestic demand.
  • On‑chain data show elevated exchange supply pressure, including a roughly 7,500 BTC daily inflow to Binance and increased long‑term holder distribution.
  • Morgan Stanley advises harvesting gains as liquidity growth plateaus and the Fed’s December path remains uncertain, with $100,000 support and a $110,000 reclaim flagged as key levels.