Bitcoin’s price experienced notable declines following a wave of leveraged long position liquidations, intensifying market volatility across cryptocurrency exchanges. The sell-off was partially attributed to escalating geopolitical tensions, though analysts emphasize these factors should only exert temporary pressure on valuations.
Technical indicators revealed increased vulnerability as the BTC/USDT pair breached the key $116,000-$117,000 support zone, signaling potential for continued short-term price fluctuations. This threshold had previously provided stability during market corrections.
Despite the downturn, Bitcoin exchange-traded funds (ETFs) attracted significant institutional capital, registering a net inflow of $130.8 million today. BlackRock’s IBIT accounted for the majority of these inflows, reflecting sustained institutional confidence amid price turbulence.
Market observers anticipate conditions to stabilize as liquidation pressures ease, creating the foundation for potential price recovery. The resilience shown through ETF inflows and historical post-crisis rebounds suggests Bitcoin could soon re-enter an upward trajectory.