{
    "id": 51623,
    "date": "2025-10-14T19:00:20",
    "date_gmt": "2025-10-14T12:00:20",
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    "modified_gmt": "2025-10-14T12:00:20",
    "slug": "crypto-markets-slide-as-key-bitcoin-support-weakens-and-etf-flows-reverse",
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    "link": "https:\/\/hbbgroup.net\/en_us\/crypto-markets-slide-as-key-bitcoin-support-weakens-and-etf-flows-reverse\/",
    "title": {
        "rendered": "Crypto Markets Slide as Key Bitcoin Support Weakens and ETF Flows Reverse"
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        "rendered": "<div>\n<div>\n<h4 color=\"#333\">In brief<\/h4>\n<ul>\n<li>Bitcoin tested the key support level of $112,500 Tuesday morning, as ETF flows reversed with $326M in outflows.<\/li>\n<li>Analysts warned that a break of support could send Bitcoin down toward $103,500.<\/li>\n<li>Ongoing U.S.-China trade tensions are compounding market fragility and fear.<\/li>\n<\/ul>\n<\/div>\n<p>The cryptocurrency market is facing a broad pullback, with <a href=\"http:\/\/decrypt.co\/?post_type=post&#038;p=5736\" target=\"_blank\" rel=\"noreferrer\"><span>Bitcoin<\/span><\/a> testing a critical support level as recent institutional inflows reverse and investor sentiment cools.<\/p>\n<p><a href=\"https:\/\/decrypt.co\/price\/bitcoin\" target=\"_blank\">Bitcoin<\/a> is trading around $110,800, down approximately 3.4%, while <a href=\"https:\/\/decrypt.co\/price\/ethereum\" target=\"_blank\">Ethereum<\/a> has fallen about 4.5% to below $4,000, per <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\">CoinGecko<\/a> data. The total crypto market capitalization has dropped 4.4% over the past 24 hours to $3.85 trillion, and trading volumes remain elevated, indicating volatility is likely to persist.<\/p>\n<p>The recent liquidation cascade has brought Bitcoin close to $112,500, the short-term holder realized price level, which represents the average cost basis of new market participants, Maarten Regterschot, an analyst at CryptoQuant, told <i>Decrypt<\/i>.<\/p>\n<p>The key metric often acts as a strong support zone during bull markets, but the strength of this level is now in question, Regterschot noted.<\/p>\n<p>\u201cIt has been tested for the fourth time in just 1.5 months, which is not a sign of strength,\u201d Regterschot explained. \u201cWhile it still holds as support, each time a level gets tested, it becomes weaker. It appears that fewer buyers are stepping in.\u201d<\/p>\n<p>The market&#8217;s fragile state is being compounded by renewed geopolitical friction, Ilia Otychenko, Lead Analyst at CEX.IO, told <i>Decrypt<\/i>.<\/p>\n<p>\u201cMarkets were showing early signs of recovery until comments from China\u2019s Commerce Ministry reignited trade war concerns,\u201d Otychenko added, citing that the ministry\u2019s pledge to \u201cfight to the end\u201d has shifted market attention back to the U.S.-China trade dispute, creating a persistent overhang of uncertainty.<\/p>\n<h2 color=\"#333\">Bitcoin ETF flows reverse<\/h2>\n<p>The cautious outlook and recent market crash coincide with a sharp reversal in the flows for U.S.-listed spot exchange-traded funds.<\/p>\n<p>Otychenko warned that the pressure could continue. \u201cCrypto ETFs are still feeling the ripple effects of last week\u2019s tariff-driven selloff,\u201d he said. \u201cMore withdrawals are possible if geopolitical tensions persist.\u201d<\/p>\n<p>Following a strong start to the week, U.S. spot Bitcoin ETFs experienced a significant outflow of $326.5 million on October 13, according to data from <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\" target=\"_blank\" rel=\"nofollow external noopener\">SoSoValue<\/a>.<\/p>\n<p>The rapid deterioration in institutional sentiment follows Bitcoin ETF inflows reaching a <a href=\"https:\/\/decrypt.co\/343236\/bitcoin-etfs-1-billion-biggest-single-day-surge-july\" target=\"_blank\">yearly high<\/a> on October 6.<\/p>\n<p>The changing mood is also reflected on <a href=\"https:\/\/myriad.markets\/\" target=\"_blank\" rel=\"nofollow external noopener\">Myriad<\/a>, a prediction market launched by <i>Decrypt&#8217;s<\/i> parent company DASTAN, where the &#8220;greed&#8221; sentiment <a href=\"https:\/\/myriad.markets\/markets\/fear-or-greed\" target=\"_blank\" rel=\"nofollow external noopener\">indicator<\/a> has dropped from 64.1% on Monday to below 50% at the time of writing. Fear, on the other hand, has accelerated, climbing to 51.1%.<\/p>\n<p>The rebalancing suggests traders are becoming more cautious and risk-averse in the current uncertain environment with persistent macro risks.<\/p>\n<p>Building on the bearish sentiment, Regterschot said that if the $112,500 support level breaks, the next key level based on short-term holder realized price is $103,500.<\/p>\n<p>\u201cDuring the 2025 bull run, Bitcoin\u2019s price found support about 10% below the average cost basis of short-term holders. Assuming the bull run isn\u2019t over, this is likely the next level Bitcoin is heading toward,\u201d he added.<\/p>\n<div>\n<h3>Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>",
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        "rendered": "<p>In brief Bitcoin tested the key support level of $112,500 Tuesday morning, as ETF flows reversed with $326M in outflows. [&hellip;]<\/p>",
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