Bitcoin Near $117,500 Liquidity Zone as ETF Outflows Pause Recent Rally

Key Points

1. Bitcoin is trading in a narrow range between $115,697 and $120,998 after a surge to nearly $124,000, digesting recent gains.

2. U.S. spot Bitcoin ETF inflows paused with net outflows of $131.4 million, ending a 12-day streak that injected over $6 billion into these funds.

3. The $117,500 liquidity zone is identified as a key support level; breaching it could trigger market reassessment, while holding above may signal bullish continuation.

4. Despite the pause in ETF inflows, Bitcoin's price resilience and 11% monthly gains suggest continued capital flow into the crypto market.

5. Market dynamics are influenced by technical support zones and fundamental drivers, with ETF flows and liquidity levels providing insights into Bitcoin's short-term outlook.