Bitcoin is facing a critical moment, with its price at risk of breaching a crucial support level due to a recent surge in net outflows from US-based spot Bitcoin ETFs.
According to analysts at Bitfinex, the key price range of $107,000 to $108,000 is becoming difficult to defend as support because of the “lack of institutional accumulation.” The analysts attribute this weakness partly to President Trump’s recent tariff announcement, which triggered significant net outflows.
Key Details:
- Outflow Volume: Spot Bitcoin ETFs saw approximately $1.23 billion in net outflows between October 13 and October 17.
- Institutional Sentiment: This data “underscores the current absence of meaningful dip-buying from institutional investors,” according to the analysts.
- Price Movement: Bitcoin is currently trading around $108,864, having failed to hold a brief surge above $113,000 earlier this week.
Bitfinex analysts warn that a sustained drop below the current price point would be a “key warning signal” that could lead to a more prolonged consolidation phase. If ETF inflows fail to recover meaningfully, it would point to “growing demand-side fragility,” undermining institutional accumulation that fueled previous rallies.
Despite the short-term fragility, many prominent market participants maintain an optimistic long-term view. While figures like BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee still predict Bitcoin could hit $250,000 by year-end, Galaxy Digital CEO Mike Novogratz is more cautious. Novogratz stated that although “crazy stuff” would have to happen for such a surge, he believes Bitcoin should still hold a floor above $100,000 this year.
October 2025, Cryptoniteuae
