Bitcoin (BTC) suffered a sharp drop this morning, bringing its price to around $101,900. The decline occurred following a failed morning rebound attempt. This movement exposes leveraged investors. The Bitcoin price risk at $100,000 is now the market’s main focus, according to analyzed data.
In the last 24 hours, Bitcoin accumulated a 4.5% pullback. Furthermore, the weekly decline already reaches 11.8%. This correction brings the asset close to levels not seen since late June. The failure of the rebound intensified selling pressure. Liquidations of leveraged positions reached $1.36 billion in just 24 hours. This cascade dynamic amplifies the drops, draining market liquidity.
Simultaneously, net inflows into spot Bitcoin ETFs have reversed. Since October 29, these funds have registered net outflows of $1.3 billion. October is accumulating a net outflow of $366.6 million. This data contrasts sharply with the more than $14.8 billion in inflows seen in early 2025. Technical indicators also reflect weakness. The MACD stands at -1,148.08 and the RSI at 40.32, while the price trades below the 200-day moving average.
Are ETF outflows signaling the end of the bull cycle?
This combination of liquidations and fund outflows reduces immediate liquidity and increases volatility. It complicates risk management for custodians and execution desks. Market sentiment has deteriorated drastically. The “Fear & Greed” index is currently in the “extreme fear” zone. This confirms the lack of bullish conviction in the short term and affects the general crypto economy. The Bitcoin price risk at $100,000 is the immediate psychological support the market must defend.
If the $100,000 level fails to hold, technical analysts point to a possible retest of $92,000–$94,000. More pessimistic scenarios, in the event of a prolonged breakdown, place the next relevant support in the $74,000–$77,000 zone. In the long term, the market still considers the next halving as a bullish factor on supply. However, in the short term, attention remains fixed on defending the key support and the evolution of ETF flows.
