Bitcoin News Today: Bitcoin's $93k-$97k Clash: Institutional Bulls Face Geopolitical and Technical Bears

Bitcoin's recent price action has intensified the battle for control over the $93,000–$97,000 survival zone, with market participants closely watching whether institutional inflows and technical indicators can reverse the downward trend. After testing a key resistance level near $106,500, Bitcoin (BTC) retreated to hover around $105,000, as mixed signals from ETF flows and geopolitical tensions cloud near-term optimism.

Institutional demand showed a modest rebound, with $1.15 million flowing into U.S.-listed spot Bitcoin ETFs on Monday, ending a week of outflows totaling $1.22 billion according to market analysis. This shift, though small, aligns with signs of stabilization. Glassnode analysts noted that Bitcoin's price has formed a potential local bottom around $100,000, supported by a 3% rebound to $106,453 and a surge in spot trading volume to $14.1 billion, signaling renewed buyer engagement. However, broader macroeconomic headwinds, including a sustained downtrend in profitability, continue to temper upside conviction.

The technical outlook remains fragile. A decisive close above $106,500 could extend the recovery, but failure to hold this level risks a retest of the 50% Fibonacci retracement at $100,353. On the downside, the $97,000–$93,000 range has emerged as a critical battleground, with the 2x Metcalfe Network Value band at $91,000 and the Traders' minimum price band at $72,000 flagged as potential capitulation levels. The Relative Strength Index (RSI) on the weekly chart stands at 41, below the neutral 50 level, while the MACD's bearish crossover reinforces the likelihood of continued selling pressure.

Geopolitical tensions added to the uncertainty. China accused the U.S. of stealing 127,000 BTC-worth $13 billion-from its LuBian mining pool in 2020, calling it a "state hack." Washington defended the seizure, claiming the funds were linked to Cambodia's Huione Group. The dispute has frozen 0.65% of Bitcoin's supply, raising fears of renewed regulatory clashes and exacerbating market volatility.

Meanwhile, altcoin markets mirrored Bitcoin's struggles. BNB, the native token of BNB Chain, fell below $1,000 to $975, with surging trading volume indicating large-scale selling. Analysts highlighted that while short-term volatility persists, BNB's long-term prospects remain tied to its infrastructure and on-chain utility.

The institutional landscape remains mixed. While some analysts view the current correction as a mid-cycle consolidation-similar to prior inflection points in 2024 and 2025-others warn of deeper challenges. Bitfinex noted that 72% of BTC supply was still in profit at $100,000, a positive sign, but stressed the need for renewed demand from both institutional and retail investors.

As Bitcoin navigates this critical phase, market participants are bracing for a test of resolve. The coming weeks will likely determine whether the $93,000–$97,000 range holds as a floor or gives way to a more prolonged downturn.