Bitcoin (BTC0 remains firm under $ 115,000 after a sharp weekend drop that erased nearly $ 6,000 from local heights and triggered over $ 1 billion in liquidations across geared long positions.
While the markets have stabilized somewhat since Monday, the mood remains fragile in the middle of a fresh round of Donald Trump-issued tariffs and another week’s chopped ETF stream.
BTC traded near $ 114,200 in Asian afternoon hours on Tuesday and remained flat on the day, but still under the key $ 115,000- $ 118,000 range, which had served as short-term support in the last two weeks.
Ether (ETH) did a little better and got against $ 3,650 after dipping under $ 3,550 over the weekend, supported by sustained institutional interest and elastic streams.
“Although Bitcoin has not managed to regain the Earth over $ 115,000, Ethereum has almost recovered in this week’s dip,” said Nick Ruck, director of LVRG Research, in a note to Coindesk.
“Treasury strategies, IPOs and hunting for the next microstratey are burning demand. We are still positive that Bull Run can continue,” Ruck said.
ALTCOIN SEASON OVER?
Altcoins have meanwhile fought. Solana (Sol) is down nearly 20% from last week’s heights, and XRP (XRP) flat near $ 3 despite wider market stabilization. A colloquial tale of the “all -season” is imminent, is weakened, with dealers who rotate capital back to majors or move to the sidelines completely.
Part of the risk-off tone stems from Friday’s US Job Report, which came in weaker than expected, and a fresh round of merchant tensions from Washington. The result is a broad flight to security in global markets, with crypto trapped in the cross -fire.
Friday also marked the second largest outflow day for Bitcoin Spot ETFs and the fourth largest for Ether, attenuating hope that institutional currents would offer short -term pricing support.
Still, not all desks become Bearish. QCP Capital noted in a Monday note that the wider structure remains bullish.
“The recent step seems more corrective than capitulating,” the company said in a client note. It highlighted the growing activity in BTC option markets – specifically 29AUG25 Call Flys, targeted at $ 124,000 – as a sign that sophisticated players are placing for a rebound.
Set crooked remain elevated, but is not yet flashing panic. One step back over $ 115,000, combined with a rebound in ETF flow and compression of hinted volatility, could quickly turn the feeling, QCP said.
Until then, dealers carefully monitor ETF flow data. If institutional demand stabilizes and macro -jites fall, this week’s consolidation can set the stage for a renewed push towards new heights.
However, if outflows persist and the risk appetite continues to fade, especially in alternative assets, markets may face another wave of the risk before finding a real floor.
Read more: Bitcoin’s long -term bullishness evaporates from Options Market when inflation’s concern increases
