Bitcoin (BTC) price faced bearish momentum, marking a low point this week. BTC rate down due to President Donald Trump establishing tariffs on Asian countries, such as India 28% and a major reason is a huge ETF outflow. Political instability and inflation rates have changed the broader crypto market trend.
At the time of writing, the leading coin was trading at $114,987.50, reflecting a 2.94% down over the 24 hours. However, its market volume has risen 14.92% and reached $81.85 billion, which marked a positive sign for the market. According to CoinMarketCap, the BTC dominance rate is 61.2%.
Bitcoin ETF Outflows Spike as Price Faces Bearish Pressure Below $115K
According to the Farside data, the US Spot Bitcoin Exchange Traded Fund saw $114.8 million outflow after five days of straight inflows. On Thursday, ARKB investment firm recorded the largest outflow with $89.9 million. Although Fidelity FBTC and Grayscale GBTC added outflows of $53.6 million and $9.2 million, respectively.
Crypto analyst CryptoWizard101 believes that Bitcoin is trading below $115,000. If it selling pressure from bears continues, the price could fall further toward $110,000.
However, Macro uncertainty from Trump’s tariff policy triggered a total $630M liquidations. CoinGlass data showed that Bitcoin experienced a liquidation of $175.95 million over the past 24 hours.
Bitcoin Battles Key Levels As MACD Signals Bearish Momentum & RSI Weakens
Looking ahead, if the Bitcoin price today managed $115000, bears could target the next dynamic support zone at $117000 (100 EMA on 4H), followed by $117165 (200 EMA).
The Moving Average Convergence Divergence (MACD) Histogram at -630.15 confirms bearish momentum acceleration. However, the RSI (Relative Strength Index) is 14 Neutral at 49.44 but trending downward, signaling weakening buying pressure.
Related Reading | Bitcoin Dips As Political Rift Triggers $1 Billion Crypto Liquidation
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