Bitcoin faces a critical test as enthusiasm for U.S.-based spot Bitcoin ETFs wanes, putting key support levels under pressure, warn Bitfinex analysts. Without steady inflows from these ETFs, Bitcoin’s price could struggle to hold above the $107,000 to $108,000 range, a zone that has become increasingly vulnerable amid institutional selling and significant outflows following the recent tariff announcements. Between October 13 and 17 alone, spot Bitcoin ETFs experienced roughly $1.23 billion in net outflows.
This absence of meaningful institutional dip-buying reflects a growing fragility on the demand side, analysts say. While there were signs of inflow recovery earlier this week, overall sentiment remains cautious as Bitcoin’s price recently pulled back from above $113,000 to hover just under $109,000. Bitfinex experts suggest that if ETF inflows don’t strengthen in the coming weeks, Bitcoin could enter a prolonged consolidation period, undermining one of the key drivers of previous rallies — consistent institutional accumulation.
Despite some bullish predictions for Bitcoin’s price reaching up to $250,000 by the end of the year, skepticism remains. Industry leaders like Galaxy Digital CEO Mike Novogratz caution that extraordinary events would need to occur to realize such gains, though Bitcoin is expected to remain above $100,000 on a worst-case basis this year.
The interplay between ETF inflows and market dynamics will be pivotal in determining Bitcoin’s trajectory as it navigates these fragile levels.
For more details, visit: https://cointelegraph.com/news/bitcoin-etf-inflows-risks-btc-price-level-bitfinex-analysts