Bitcoin News Today: Bitcoin Falls 0.95% as ETF Outflows Hit $1 Billion Amid Key Support Test

Bitcoin is showing signs of renewed vulnerability as it approaches a crucial Fibonacci support zone between $113,558 and $112,624. This development comes amid a sharp increase in outflows from Bitcoin spot ETFs, which have intensified concerns about the asset’s short-term direction. At press time, Bitcoin is trading at $113,763.01, having fallen by 0.95% in the last 24 hours [1]. Analysts are closely watching whether Bitcoin can hold this key support level, as a break below it could open the door to further declines toward $110,530 and $108,780 [2].

The recent pullback has triggered nearly $1 billion in ETF redemptions over the past two days, marking one of the steepest outflow phases in 2025 [1]. This trend is a stark reversal from the steady inflows that characterized much of 2024. Coinglass data shows pronounced red bars in the ETF outflow chart, underscoring the ongoing pressure on institutional exposure [2]. The price action of Bitcoin itself appears to align with these outflows, raising concerns about the sustainability of the current bearish momentum.

From a technical perspective, Bitcoin is positioned within what analysts describe as wave 2 of a larger bullish Elliott Wave structure. A successful defense of the Fibonacci support zone could set the stage for a wave 3 rally toward $126,000 [2]. However, a breakdown below this range could invalidate the bullish narrative and expose the asset to deeper corrections. Traders are now closely monitoring both technical indicators and ETF activity to gauge the likelihood of a rebound [1].

The selloff has also impacted Ether, which has seen $152 million in outflows, ending a nearly month-long streak of inflows [1]. This has contributed to a broader bearish sentiment in the cryptocurrency market, where speculative interest has shifted to smaller altcoins such as XRP, DOGE, ADA, BNB, and SOL, which have posted gains of 3% to 5% in recent sessions [1]. While these movements suggest some level of market activity, they also highlight the fragility of current investor confidence.

Macro concerns, including U.S. President Donald Trump’s tariffs on Asian and European goods and the Federal Reserve’s delay in cutting interest rates, have also contributed to the cautious market mood [1]. These factors have weighed on global risk appetite and reinforced fears of a prolonged tight monetary environment. However, some market observers are detecting early signs of stabilization, with opportunistic buyers entering the market ahead of U.S. trading hours [1].

Institutional liquidity has also played a role in preventing a more chaotic market response, with professional market-makers and institutional desks stepping in to absorb some of the selling pressure. This improved secondary liquidity is seen as a positive development for the market’s long-term resilience [1].

While the immediate outlook remains uncertain, analysts caution that the crypto market is still highly sensitive to macroeconomic signals. With the Federal Reserve yet to signal a policy pivot, caution remains warranted. However, the growing presence of institutional players and the maturing structure of the market suggest that Bitcoin and other cryptocurrencies may be better positioned to handle large-scale redemptions in the future [1].

Source: [1]title1.............................(https://finance.yahoo.com/news/xrp-leads-market-gains-bitcoin-044845827.html)

Source: [2]title2.............................(https://www.ainvest.com/news/bitcoin-news-today-bitcoin-drops-112-000-triggering-1-5b-liquidations-macro-fears-etf-outflows-2508/)