Bitcoin News Today: Ethereum ETFs Bleed Record $428M as Trade Tensions Spark $630M Crypto Exodus

Bitcoin fell below $112,000 on Tuesday as escalating U.S.-China trade tensions and institutional outflows from spot ETFs triggered a broader risk-off sentiment in cryptocurrency markets. Ethereum, XRP, and Dogecoin all dropped over 3% in the 24 hours, with total crypto liquidations reaching $630 million, per CoinGlass data . The selloff followed new U.S. tariffs on Chinese imports and retaliatory measures from Beijing, including port fees on U.S.-owned ships, which heightened global macroeconomic uncertainty .

Spot Bitcoin ETFs recorded outflows of $326.25 million on Monday, marking the second consecutive day of withdrawals, while Ethereum ETFs saw a record $428.5 million outflow-the largest single-day exodus since early September . Analysts attributed the defensive positioning to the $19–30 billion in crypto liquidations triggered by President Donald Trump's 100% tariff announcement on Chinese goods, the largest liquidation event in market history . The outflows signaled cautious sentiment among institutional investors, with BlackRock's ETHA fund leading the exodus with $310.1 million in redemptions .

Technical analysis highlighted bearish momentum for Bitcoin. The price was rejected from a key resistance zone near $115,472, with the Relative Strength Index (RSI) at 42 and a bearish MACD crossover reinforcing the downtrend . If BTC continues to correct, it could test the $107,245 support level. Ethereum, meanwhile, broke below $4,060, with analysts noting $3,800 as the next critical threshold . Dogecoin, which fell 5.6%, faced additional pressure from whale dumping, including a 245 million DOGE transfer to Robinhood, signaling reduced confidence in the asset .

Market participants are now focused on Federal Reserve Chair Jerome Powell's speech for clues on monetary policy, though the ongoing U.S. government shutdown has limited fresh data releases, potentially constraining the impact of Powell's remarks . The broader market's sensitivity to macro risks was underscored by the sharp correction, with Asian equities and U.S. Treasury yields also reacting to the trade tensions .

Despite the selloff, some analysts remain cautiously optimistic. Michael van de Poppe of Daan Crypto Trades described the pullback as a "standard correction," noting that volatility is likely to persist until a clear trend emerges . Meanwhile, Peter Schiff, a noted crypto skeptic, warned investors of a "rude awakening," comparing the market's fragility to past cycles where leveraged positions led to catastrophic losses .

[1] Bitcoin Price Forecast: BTC edges below $112,000 as US-China trade war escalates ahead of Powell's speech (https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-forecast-btc-edges-below-112-000-as-us-china-trade-war-escalates-ahead-of-powells-speech-202510141009)

[2] Bitcoin Slips Under $112K, ETH, DOGE Drop 6% as China Hits Back on U.S. Tariffs (https://www.coindesk.com/markets/2025/10/14/bitcoin-slips-under-usd112k-eth-doge-drop-6-as-china-hits-back-on-u-s-tariffs)

[3] Bitcoin Slips Below $112,000 - Gold Bull Peter Schiff Issues Warning (https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-slips-below-112-000-as-gold-bull-peter-schiff-issues-warning/ch6mSpHR3lz)

[4] Ethereum ETFs Bleed $429M in Largest Single-Day Outflow Since Early September (https://decrypt.co/344170/ethereum-etfs-bleed-429m-in-largest-single-day-outflow-since-early-september)

[5] Why Dogecoin Price Fell Despite Crypto Market Recovery (https://coingape.com/why-dogecoin-price-fell-despite-crypto-market-recovery/)

[6] Ethereum Price Prediction: ETF Outflows Challenge Key Support (https://www.coingabbar.com/en/price-prediction/ethereum-price-prediction-etf-outflows-support)

[8] Bitcoin Slides Below $112,000 As Ethereum, XRP, Dogecoin Drop Over 3% On Early Tuesday (https://www.benzinga.com/crypto/cryptocurrency/25/10/48194367/bitcoin-slides-below-112000-as-ethereum-xrp-dogecoin-drop-over-3-on-early-tuesday)

[9] Crypto Just Had a Flash Crash. Here's What You Need to Know (https://www.fool.com/investing/2025/10/14/crypto-just-had-a-flash-crash/)