Bitcoin ETF apathy is pressuring a key Bitcoin support level
23.10.2025
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Bitcoin is at risk of breaking a crucial support price level as US-based spot Bitcoin ETFs have continued to bleed red after the recent crypto market crash, according to analysts from Bitfinex.
Bitcoin is flirting with disaster as US spot Bitcoin ETFs keep bleeding out post-crash, Bitfinex analysts warn. The $107K-$108K support zone is looking shaky AF without institutional buyers stepping up.
Between Oct 13-17, spot Bitcoin ETFs saw a brutal $1.23B in net outflows (Farside data) after Trump's tariff announcement triggered mass exits. This week? Mixed bag - outflows on 2 of 3 days, but Tuesday's pump saved the week with net positive $335.4M so far.
Bitfinex's take: This data screams "no institutional dip-buying" - and if ETF inflows don't recover soon, we're looking at "demand side fragility" that could kill the rally momentum and trigger extended consolidation.
Bitcoin ETF performance mimics broader financial market
BTC currently trading at $108,864 (CoinMarketCap) after briefly touching $113K earlier this week then crashing back below $110K. Bitfinex says this price level is a critical warning signal - break below and we're in for prolonged sideways action.
"If weakness persists or ETF inflows fail to recover meaningfully in the coming weeks, it would point to growing demand-side fragility. Such a scenario could undermine one of the primary forces behind previous rallies — consistent institutional accumulation, heightening the risk of a more prolonged consolidation phase."
But the hopium is still real: BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee still betting on $250K by year-end. Galaxy Digital CEO Mike Novogratz threw some cold water though - says "crazy stuff" needed to hit those numbers, but worst case BTC should hold above $100K this year.
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