{"id":51557,"date":"2025-11-04T23:47:39","date_gmt":"2025-11-04T23:47:39","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=51557"},"modified":"2025-11-04T23:47:39","modified_gmt":"2025-11-04T23:47:39","slug":"bitcoin-dips-under-105k-as-186m-etf-exit-hits","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-dips-under-105k-as-186m-etf-exit-hits\/","title":{"rendered":"Bitcoin Dips Under $105K as $186M ETF Exit Hits"},"content":{"rendered":"\n

The cryptocurrency market saw a sharp decline as Bitcoin prices fell below $103,700, marking the lowest price since recent months. This downturn emerged amid significant liquidation across the market, affecting many investors.<\/p>\n

Recent reports indicated that over $1.27 billion in leveraged positions were liquidated within a single day. Notably, nearly 90% of these liquidations came from traders holding long positions. This decline was exacerbated when Bitcoin dropped below its critical 200-day moving average, which had been a solid support level for an extended period.<\/p>\n

The sudden drop in Bitcoin triggered a wave of panic among investors, pushing the Crypto Fear & Greed Index<\/a> to 21, representing a state of \u201cextreme fear\u201d in the market. Other cryptocurrencies also experienced significant declines, including Ethereum (ETH), which fell by 6% to around $3,500.<\/p>\n

Experts have linked the price downturn to growing uncertainty surrounding Federal Reserve policies. Remarks from Chair Jerome Powell suggested a reduced likelihood of a rate cut, leading to an increase in Treasury yields, which in turn diminished investor interest in high-risk assets like Bitcoin.<\/p>\n

<\/p>\n

<\/span>Pressure from ETF Redemptions and Whale Movements<\/strong><\/span><\/h2>\n

The situation worsened as Bitcoin ETFs<\/a> faced substantial redemptions, amounting to $186.5 million on Monday\u2014the highest outflow seen since early 2024.<\/p>\n

Recent analysis revealed that BlackRock\u2019s iShares Bitcoin Trust (IBIT) played a significant role in these outflows, while other prominent funds like Fidelity\u2019s FBTC and ARK 21Shares\u2019 ARKB showed stable activity.<\/p>\n

This surge in ETF withdrawals coincided with increased whale activity in the market. Reports indicated that long-term holders had offloaded over 400,000 BTC, approximately 2% of the total supply, to exchanges in the past month.<\/p>\n

Among these, a notable investor transferred 13,000 BTC (valued at around $1.4 billion) since October, while another large holder deposited over 3,200 BTC on Kraken. Analysts suggest that these transactions indicate heightened profit-taking and wavering confidence among long-term holders.<\/p>\n

Although self-custody on exchanges like Binance is rising, on-chain metrics from CryptoQuant suggest that buying momentum remains weak, indicating that accumulation may not be sufficient to reverse the current market trend.<\/p>\n

<\/span>Focus on $100K Support: A Crucial Level for Bitcoin<\/strong><\/span><\/h2>\n

As the Bitcoin price<\/a> hovers around critical technical levels, analysts believe a retest of the $100,000 mark is imminent. A breach below this psychological barrier could lead to further losses, potentially stretching down to $77,000, which aligns with the 61.8% Fibonacci retracement level and April 2025 lows.<\/p>\n

Despite the bearish outlook from some quarters, a few market strategists argue that the long-term bullish trend may still be intact. Joel Kruger from LMAX stated that historical corrections have often been followed by renewed accumulation near the 50-week moving average. He noted that this current downturn, while painful, fits into Bitcoin’s broader cyclical behavior.<\/p>\n

As fear spreads through the market and ETF flows continue to reflect negativity, Bitcoin\u2019s ability to maintain the $100K support could potentially dictate whether the current phase is merely a correction or signals a deeper downturn.<\/p>\n

Cover image from ChatGPT, BTCUSD chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market saw a sharp decline as Bitcoin prices fell below $103,700, marking the lowest price since recent months. This downturn emerged amid significant liquidation across the market, affecting many investors. Recent reports indicated that over $1.27 billion in leveraged positions were liquidated within a single day. Notably, nearly 90% of these liquidations came […]<\/p>\n","protected":false},"author":14,"featured_media":51558,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Dips Under $105K as $186M ETF Exit Hits - Bitrabo","description":"The cryptocurrency market saw a sharp decline as Bitcoin prices fell below $103,700, marking the lowest price since recent months. This downturn emerged amid si"},"footnotes":""},"categories":[316],"tags":[11530,18228,448,1923,1698,467,1598],"class_list":["post-51557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-105k","tag-186m","tag-bitcoin","tag-etf","tag-outflows","tag-price","tag-slides"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/51557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=51557"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/51557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/51558"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=51557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=51557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=51557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}