Bitcoin bulls defended the $107,000 level, but the net outflows from the spot Bitcoin ETFs increase the risk of a breakdown in the near term.
💡 DMK Insight
Bitcoin’s defense of the $107,000 level is crucial, but rising ETF outflows signal potential trouble ahead. The fact that bulls are holding this key support level is a positive sign, yet the increasing net outflows from spot Bitcoin ETFs suggest that institutional interest may be waning. This could lead to a breakdown if bearish sentiment takes hold. Traders should keep an eye on the volume around this level; a significant drop below $107,000 could trigger stop-loss orders and accelerate selling pressure. On the flip side, if bulls can reclaim momentum and push back above recent highs, it could reinvigorate buying interest. Watch for the next few days—if outflows continue, it may indicate a broader trend of profit-taking or risk aversion among larger players. Monitoring the ETF flows alongside Bitcoin’s price action will be key to gauging market sentiment and potential reversals.
📮 Takeaway
Keep an eye on the $107,000 level; sustained ETF outflows could lead to a breakdown, while a bounce might signal renewed bullish interest.






