Bitcoin price dips under $100K amid ETF outflows
Bitcoin price fell to a four-month low below $100,000 after heavy selling pressure and rising spot Bitcoin ETF outflows. The abrupt drop triggered leveraged long liquidations clustered at the round $100K level. Traders flagged a potential $100K “trap” that could accelerate losses toward the $88,000–$95,000 support zone. Liquidation heat maps show significant long-liquidation risk around $100K. Technical analysts note that Bitcoin price has broken its weekly 50-day moving average support, raising the risk of a deeper test of the 200-day moving average near $55,000. Some link the ongoing sell-off to institutional portfolios hit by the October 10 market crash, which wiped out about $20 billion in Bitcoin positions and continues to prompt distressed liquidations. Traders should monitor ETF flows, liquidation heat maps, and moving average signals to gauge short-term stability and potential recovery levels.
Bearish
The combined developments signal sustained selling pressure on Bitcoin price, driven by ETF outflows exceeding inflows and concentrated liquidations near the $100K mark. The breach of the weekly 50-day MA support heightens the risk of further declines toward the 200-day MA around $55K. Institutional sell-offs from the October crash continue to fuel distressed liquidations. These factors point to a bearish outlook in both the short and medium term, as traders await clear buy signals from support levels and improved ETF flow dynamics.