Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Faces Pressure at $108K After ETF Exodus

Bitcoin Faces Pressure at $108K After ETF Exodus

TheCryptoUpdatesTheCryptoUpdates2025/10/23 22:18
By:Shivi Verma

Bitcoin’s hanging around $108,000 right now after getting hit with massive institutional selling. Last week saw $513 million leave digital asset investment products, making it the second-biggest withdrawal of 2025. Bitcoin itself accounted for a brutal $946 million in redemptions as fund managers backed away following October’s wild price swings.

The selling was heavily concentrated in America. US funds dumped about $621 million in just one week. But interestingly, European investors did the opposite: Germany, Switzerland, and Canada actually bought the dip with combined inflows of $144 million after that nasty October 10th liquidation event that wiped nearly $19 billion off exchanges.

BlackRock and Grayscale got hit the hardest, losing over $1 billion combined. Fidelity and Bitwise saw smaller withdrawals, while European multi-asset funds only had mild outflows around $29 million.

On the charts, Bitcoin’s consolidating in an ascending channel near $107,950 after getting rejected at $111,730. The moving averages are flattening out, showing traders can’t decide which way this goes next. There was some dip-buying interest around $107,700, which lines up with the channel’s lower edge.

If Bitcoin holds above $107,400, it could bounce back toward $111,700 and maybe even $115,900. But breaking below that support would expose downside targets near $104,400 and $101,100.

Conclusion

Bitcoin trades near $108,000 under pressure from $946 million ETF outflows and $621 million US fund redemptions, with key $107,400 support determining potential rebound or further decline.

Also Read: Dogecoin Getting Crushed

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Which EIPs have been confirmed for inclusion in the Pectra upgrade? Will it exacerbate ETH inflation?

The confirmed EIPs will enhance account programmability, Ethereum's verification efficiency, and staking optimization, while the pending EIPs focus on improving L2 scalability.

ChainFeeds2025/10/24 01:42
Which EIPs have been confirmed for inclusion in the Pectra upgrade? Will it exacerbate ETH inflation?