Hey crypto community, 
BTCUSDT continues to face pressure as the price slips below $114,000 during Thursday’s trading session. Although there was an attempt to break through the $116,000 resistance, buying power remains weak, mainly due to diminishing demand from institutional players.
A clear indication of this trend is seen in the ongoing outflows from US-listed Bitcoin ETFs – on Tuesday alone, $196 million was withdrawn, extending the losing streak to four consecutive days.
However, there’s a glimmer of hope from Asia: SBI Holdings in Japan has recently filed for approval of a dual-asset ETF that includes both BTC and XRP. This could be a sign of a fresh wave coming from the East.
On the chart, if BTC fails to reclaim the $114k – $116k range soon, further downside potential remains. But keep in mind, deep corrections often provide an opportunity for large players to accumulate.
👉 What do you think about this correction? Will BTC hold its ground against selling pressure? Let me know your thoughts!
BTCUSDT continues to face pressure as the price slips below $114,000 during Thursday’s trading session. Although there was an attempt to break through the $116,000 resistance, buying power remains weak, mainly due to diminishing demand from institutional players.A clear indication of this trend is seen in the ongoing outflows from US-listed Bitcoin ETFs – on Tuesday alone, $196 million was withdrawn, extending the losing streak to four consecutive days.
However, there’s a glimmer of hope from Asia: SBI Holdings in Japan has recently filed for approval of a dual-asset ETF that includes both BTC and XRP. This could be a sign of a fresh wave coming from the East.
On the chart, if BTC fails to reclaim the $114k – $116k range soon, further downside potential remains. But keep in mind, deep corrections often provide an opportunity for large players to accumulate.
👉 What do you think about this correction? Will BTC hold its ground against selling pressure? Let me know your thoughts!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.