- Bitcoin ETF outflows in 2025 are now among the steepest.
- $113,558 to $112,624 is a critical Fibonacci support zone.
- A break below support targets $110,530 and $108,780 levels.
Bitcoin is approaching a critical technical zone as broader financial markets pull back. The cryptocurrency is trading lower alongside equities, raising concerns about short-term momentum.
At press time, Bitcoin sits at $113,763.01, reflecting a 0.95% decline over the past 24 hours. Analysts suggest the coming sessions may determine the asset’s next major price direction.
Key Support Levels and Wave Structure in Focus
Recent analysis shows Bitcoin is now positioned within wave 2 of a broader bullish Elliott Wave structure. Analysts say the asset is testing key support levels, and a successful defense could spark the next wave 3 rally toward $126,000.
Fibonacci retracement indicators place the immediate retracement zone between $113,558 and $112,624. A breakdown below this range may invalidate the bullish structure, exposing Bitcoin to further downside levels.
Technical projections suggest that if current support fails, the next targets could be $110,530 and $108,780. These levels are now considered critical for short-term price direction.
ETF Outflows Add to Downward Pressure
Meanwhile, Coinglass data highlights one of the steepest outflow phases for Bitcoin ETFs in 2025. The chart shows pronounced red bars, signaling sustained withdrawals from spot ETF products.
This marks a notable shift after a year-long trend of steady inflows beginning in early 2024. Analysts interpret the decline in ETF inflows as a sign of reduced investor confidence.
The BTC price line, shown in yellow on the Coinglass chart, appears to follow the ETF outflows, adding to concerns about short-term weakness. Traders are now closely monitoring both ETF activity and technical levels for further clues on price movement.
At this stage, traders are watching to see whether Bitcoin can hold the support near the Fibonacci zone. A bounce could confirm continued bullish momentum, while a drop below key levels could signal a deeper retracement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
