Bitcoin prices suddenly dropped below the $90,000 key level early Thursday, triggering intense volatility in a short period. According to data from multiple derivatives platforms, the long liquidation amount in the past hour has exceeded $100 million, and market sentiment has quickly shifted to caution. As of press time, Bitcoin price has been fluctuating around $90,000, with data showing a total decline of approximately 3% over the past 24 hours.
This decline is highly correlated with the capital flow of Bitcoin investment products. Data from Farside Investors shows that the US spot Bitcoin ETF experienced a net outflow of about $486 million on Wednesday, marking the largest single-day redemption since November 20. The day before, ETF capital flows had turned negative, with a single-day outflow of $243 million, contrasting sharply with Bitcoin’s strong performance earlier in the year.
From the market performance perspective, recent Bitcoin price movements are highly synchronized with ETF capital changes. Although there are still differing opinions on the core drivers behind Bitcoin’s rebound to near $94,000, institutional fund withdrawals in stages have clearly increased short-term selling pressure and amplified liquidation risks in the leverage market.
Some analysts believe that macro-level variables remain worth monitoring. There is an opinion that if the geopolitical situation related to Venezuela changes and drives international oil prices down, it could indirectly reduce inflationary pressures and Bitcoin mining costs, which in the medium to long term could be beneficial for Bitcoin’s fundamentals.
CryptoQuant analyst Cauê Oliveira offers a relatively cautious view from on-chain data. He states that on-chain demand has not yet shown a substantial recovery; activity remains insufficient to support an effective push of Bitcoin price through the $100,000 mark. In the context of complex market sentiment and low trading volume, on-chain transaction demand has not shown significant improvement.
Oliveira added that as holiday effects gradually fade, some investors may return to the market. Whether trading activity and genuine demand will rebound at that time will be key indicators for the future trend of Bitcoin.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
US Treasury Yields Rise, Iran Tensions Persist, Inflation Risks Press Bitcoin Prices
Bitcoin tests the $67,500 support level again, gold prices pull back significantly, and markets reduce risk assets due to concerns about Iran conflict and inflation impacts. U.S. Treasury yields rise, indicating investors shifting to cash amid economic uncertainty.
金色财经_8m ago
Bitunix Analyst: Energy Suppression and War Uncertainty Mismatch, BTC Maintains Liquidity Range Structure
Market activity is influenced by policy, with energy price volatility and Middle East risks coexisting, leading capital flows toward safe-haven assets. BTC exhibits liquidity-driven oscillatory movements, lacking conditions for trend continuation in the short term. We need to await a one-way breakout in either energy or liquidity.
BlockBeatNews12m ago
Bitcoin Faces New Threat as US PMI Stokes Stagflation Concerns
Business activity in the US slowed down in March, and the latest PMI data is sending a signal that the market is beginning to reflect: growth momentum is weakening just as price pressures are returning.
This creates a rather unfavorable backdrop for Bitcoin. As the economy cools but inflation remains high,
TapChiBitcoin13m ago
Bitcoin under pressure as yields rise, Iran conflict, inflation risk
A risk-off mood swept across crypto and traditional markets as geopolitical tensions and stubborn inflation kept investors cautious. Bitcoin tested the $67,500 support level on Monday as traders paused after a run higher, while gold endured a sharp pullback described as one of its steepest
CryptoBreaking13m ago
A newly created address withdrew 474.54 BTC from a certain CEX 10 minutes ago
Gate News reported that on March 25th, according to Onchain Lens monitoring, a newly created address withdrew 474.54 bitcoins from a certain CEX 10 minutes ago, valued at approximately $33.59 million.
GateNews17m ago
