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Bitcoin Faces Pressure at $108K After ETF Exodus

Bitcoin Faces Pressure at $108K After ETF Exodus

TheCryptoUpdatesTheCryptoUpdates2025/10/23 22:18
By:Shivi Verma

Bitcoin’s hanging around $108,000 right now after getting hit with massive institutional selling. Last week saw $513 million leave digital asset investment products, making it the second-biggest withdrawal of 2025. Bitcoin itself accounted for a brutal $946 million in redemptions as fund managers backed away following October’s wild price swings.

The selling was heavily concentrated in America. US funds dumped about $621 million in just one week. But interestingly, European investors did the opposite: Germany, Switzerland, and Canada actually bought the dip with combined inflows of $144 million after that nasty October 10th liquidation event that wiped nearly $19 billion off exchanges.

BlackRock and Grayscale got hit the hardest, losing over $1 billion combined. Fidelity and Bitwise saw smaller withdrawals, while European multi-asset funds only had mild outflows around $29 million.

On the charts, Bitcoin’s consolidating in an ascending channel near $107,950 after getting rejected at $111,730. The moving averages are flattening out, showing traders can’t decide which way this goes next. There was some dip-buying interest around $107,700, which lines up with the channel’s lower edge.

If Bitcoin holds above $107,400, it could bounce back toward $111,700 and maybe even $115,900. But breaking below that support would expose downside targets near $104,400 and $101,100.

Conclusion

Bitcoin trades near $108,000 under pressure from $946 million ETF outflows and $621 million US fund redemptions, with key $107,400 support determining potential rebound or further decline.

Also Read: Dogecoin Getting Crushed

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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