Bitcoin Holds At $105,000 Price Despite Today’s $268 Million Bitcoin Spot ETF Outflow, Marking Th...

Bitcoin holds at $105,000 price despite today’s $268 million Bitcoin Spot ETF outflow.

This outflow marks the third consecutive day for a massive Bitcoin Spot ETF outflow.

Etheruem Spot ETFs experience high inflow.

The price of Bitcoin (BTC), the pioneer crypto asset, has been holding strong in the $105,000 price range. This comes as a surprise to many as Bitcoin Spot ETF have been seeing high outflows in the past three days. However, the crypto community remains pleased to see Bitcoin holding strong despite today’s $268 million Bitcoin Spot ETF outflow, marking a third consecutive day.

Despite Today’s $268 Million Bitcoin Spot ETF Outflow, BTC Holds Strong

According to CoinMarketCap analytics, the price of Bitcoin is presently sitting at $105,277, making a 1.12% pump over the last 24 hours. At the moment, the pioneer crypto asset is boasting a total market cap of $2,093,775,003,173.97 and a 24-hour trading volume of $45,136,030,425.12. This puts the price of BTC around 5.77% away from its previous ATH record at $111,970.17.

The recent decline in BTC price from this previous ATH was caused by rapid market trade liquidations and a massive outflow of Bitcoin ETFs. In particular, as we can see from the post above, Bitcoin Spot ETF had an outflow of $268 million most recently. This outflow marked the third consecutive day for a Bitcoin Spot ETF outflow. The same can be said for ETH ETFs as well

Ethereum Spot ETFs Experience High Inflow

As the same post goes on to elaborate, Ethereum Spot ETFs recorded a net inflow of $78.17 million, extending their streak to 11 consecutive days. Despite these market movements, both the price of the pioneer crypto BTC, and the pioneer altcoin ETH, have been holding steadily, with BTC at the $105,000 price range and ETH at the $2,600 price range, showing strength, resilience, and support from whales in both communities

Ultimately, this signals that the crypto market is bullish as ever and there is no need to worry about any bearish overturns. A response to the post highlights how BTC spot ETF outflows signal rotation and some profit-taking as institutions rethink exposure, hinting at short-term caution and removing a key demand pillar. Meanwhile, ETH ETFs keep stacking inflows, likely fueled by regulatory clarity, staking narratives, and fresh institutional allocation

In addition, the post says that ETH’s growing role as a strategic asset is clear, but many ETF buyers are still underwater. This means that technical resistance will be sticky until price reclaims those levels. Lastly, it concludes saying BTC’s outflows could accelerate altseason arrival. All in all, as many analysts have already confirmed, BTC and ETH accumulation have increased so much that exchange supplies are dwindling, leading to epic price pumps soon.

BTC-1.26%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)