Bitcoin faces the risk of breaking a crucial support level amid continued outflows from US-based spot Bitcoin ETFs following the recent crypto market decline, Bitfinex analysts warn. The once-reliable $107,000 to $108,000 support zone has weakened significantly due to diminished institutional accumulation, especially after President Donald Trump’s tariff announcement earlier this month. Between October 13 and 17, spot Bitcoin ETFs experienced net outflows of approximately $1.23 billion, highlighting a lack of meaningful dip-buying from institutional investors. Despite some inflows this week, sustained ETF withdrawals could signal growing demand-side fragility, potentially triggering a prolonged consolidation phase. Currently trading around $108,864 after a brief surge above $113,000, Bitcoin is at a pivotal juncture. Analysts caution that without renewed institutional backing through ETF inflows, Bitcoin’s upward momentum may stall. While some leading market voices remain optimistic about Bitcoin reaching $250,000 by year-end, others advise caution, suggesting significant hurdles remain before such targets can be achieved. Even in pessimistic scenarios, industry leaders like Galaxy Digital’s Mike Novogratz expect Bitcoin to hold above the $100,000 mark this year. For more, visit https://cointelegraph.com/news/bitcoin-etf-inflows-risks-btc-price-level-bitfinex-analysts