Why Bitcoin Could Still Slip Below $100,000 Despite $9 Billion Inflows
2025-07-16 10:01:37
Main Idea
Despite significant Bitcoin ETF inflows, increased sell-side pressure from whale movements and exchange deposits suggests Bitcoin could still face a correction below $100,000.
Key Points
1. Bitcoin ETF inflows reached $9 billion over five weeks, the highest since spot products launched in January 2024.
2. Over 69,000 BTC were deposited into exchanges in 16 hours, signaling potential sell-side intent.
3. Bitcoin's price pulled back from a high of $123,000 to between $115,930 and $118,330 on July 16.
4. Fibonacci retracement levels indicate critical support between $98,200 and $123,000, with a breakdown potentially leading to $98,000.
5. Gold ETFs lost $2.8 billion during the same period, highlighting a shift from traditional safe-haven assets to crypto-based exposure.
Description
Bitcoin ETF inflows have hit a five-week total of $9 billion, the highest since spot products launched in January 2024.
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