CMC News

#Bitcoin Faces $107K Breakdown as ETF Money Vanishes

Bitfinex analysts warn that sustained institutional withdrawals from U.S. spot $BTC exchange-traded funds could push the cryptocurrency below a critical price threshold. The $107,000 to $108,000 zone faces mounting pressure without meaningful accumulation from #ETF investors.

Net outflows reached approximately $1.23 billion between Oct. 13 and Oct. 17 following President Donald #Trump's tariff announcement earlier this month. The data reveals an absence of dip-buying from institutional participants during the recent market downturn.

This week showed outflows on two of three trading days, though strong Tuesday inflows kept overall net flows positive at $335.4 million. $BTC briefly surged above $113,000 earlier in the week before retracing below $110,000, currently trading near $108,864.

Bitfinex analysts identified the current price level as a crucial inflection point that may signal an extended consolidation period if it weakens further. The $107,000 to $108,000 range has become increasingly difficult to defend as #support without consistent institutional buying pressure.

The analysts noted that persistent weakness or failure of ETF inflows to recover meaningfully in coming weeks would indicate growing demand-side fragility. This scenario could undermine consistent institutional accumulation, which served as a primary force behind previous rallies.

Such conditions would heighten the risk of a prolonged consolidation phase for $BTC. The cryptocurrency's performance has mirrored broader #financial market trends, with ETF flows closely tracking traditional market sentiment.

Market participants generally expect $BTC to see upward movement before year-end. BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee maintain predictions that Bitcoin could reach $250,000 by December.