Bitcoin Price Dips on Heavy Volume Despite ETF Inflows
Bitcoin price dipped on Tuesday despite strong ETF inflows, with heavy trading volume driving volatility. A morning sell-off of 27,579 BTC saw the price fall from $103,177 to $102,203 after earlier gains toward $105,342. Inflows into spot Bitcoin ETFs totaled $524 million, led by $224.2 million into BlackRock’s iShares Bitcoin Trust and $165.8 million into Fidelity’s FBTC. On-chain data showed a countertrend, with 7,500 BTC transferred to Binance—the highest outflow since March.
The market structure remained fragile. Support held at the $102,000 level after three tests, while resistance emerged around $102,400. Trading volumes contracted from an average of 400 BTC to 165 BTC in recent hours. Analysts warn that a drop below $102,000 could expose the $100,600–$101,200 zone, while a break above $105,050 might target $107,400.
Short-term investors have been under selling pressure, especially around breakeven levels near $112,000. In contrast, the mining sector showed resilience. Hash rate momentum stayed positive, and no miner capitulation signals appeared.
Overall, the Bitcoin price remained in a broad trading range. Heavy ETF demand clashed with exchange-bound supply. Traders should watch key support and resistance levels for potential breakouts.
Neutral
Strong ETF inflows totaling $524 million indicate sustained institutional demand, while large on-chain transfers of 7,500 BTC to exchanges reflect selling pressure. Key support at $102,000 has held, but resistance near $102,400 remains intact. Trading volume has contracted sharply, suggesting market indecision. The mining sector’s positive hash rate momentum adds stability. This mix of factors has led to a balanced consolidation rather than a decisive trend. Historically, when inflows and exchange-bound supply converge, Bitcoin tends to trade sideways. Therefore, the immediate impact is neutral, with traders advised to monitor support and resistance for a potential breakout.