Bitcoin (BTC) has staged a strong rebound above $104,300, recovering from a sharp drop triggered by U.S. tariff headlines and widespread risk-off sentiment. The move comes amid nearly $1 billion in liquidations and a notable break in institutional ETF inflows.
Key Takeaways
- BTC Price Action:
- Low: $103,156
- High: $105,875
- Correction: -2.57%
- Current Price: ~$104,300
- Spot Bitcoin ETFs:
- Recorded $358.6M in net outflows on Thursday, snapping a 10-day streak of $4.26B in total inflows.
- Market Trigger:
- U.S. tariff uncertainty and broader geopolitical trade concerns spooked markets, briefly dragging Bitcoin below key support levels.
Technical Analysis Highlights
- Support Zone: Strong buyer defense emerged at the $103,200–$103,400 level.
- Recovery Confirmation: Breakout above $104,000 with rising volume suggests correction may have completed.
- Bullish Signal:
- Clear bottoming pattern and bullish volume spikes indicate potential uptrend continuation.
- Notably, at 14:01 UTC, BTC jumped from $104,188 to $104,323 on 429 BTC in trade volume, signaling institutional buying strength.
Institutional Activity & Treasury Moves
Despite the volatility, institutional confidence appears intact:
- Strategy (formerly MicroStrategy) and GameStop have added BTC to their corporate balance sheets.
- Firms view Bitcoin as a hedge amid macroeconomic instability and a weakening fiat environment.
Market Outlook
With a new support base forming near $104K, and technical recovery confirmed by volume, BTC looks poised to resume its broader bullish trend—provided macro conditions don’t deteriorate further.
This rebound also reaffirms that whale accumulation zones and ETF-driven support continue to act as strong backstops in volatile environments.
