BTC Price At Risk Of Sliding Below $100,000 As Demand Slows Down
The post BTC Price At Risk Of Sliding Below $100,000 As Demand Slows Down appeared on BitcoinEthereumNews.com.
Key Insights: Bitcoin dominance takes a dive to a 61.87% low after BTC price’s sizable slide in the last 7 days. Institutional demand signal declining interest in Bitcoin. Exchange flows signal rising sell pressure Bitcoin demonstrated waning demand above $104,000 as evident by its sideways price action in the last 6 days. As a result, investors were concerned about the risks of price potentially dipping below $100,000. Among the key reasons for those concerns was the steady drop in Bitcoin dominance in the last 7 days. Dominance peaked at 65.38% on Wednesday last week and has since tanked to 6.86% in the last 24 hours. Bitcoin dominance/ source: TradingView The sliding Bitcoin dominance was confirmation that liquidity flow in the crypto segment shifted in favor of altcoins. As a consequence, the bullish momentum that previously fueled its rally past the $100,000 milestone last week disappeared. Weak ETF demand for BTC signaled higher risk of a bearish pivot Bitcoin’s rally in the first week of May was characterized by healthy institutional inflows. However, things have since shifted as evident by the weak ETF flows this week, which also pointed towards growing directional uncertainty. Bitcoin ETFs collectively experienced $86.2 million worth of outflows between Monday and Tuesday. This was indicative of some profit-taking perhaps in anticipation of some downside. However, it is also worth noting that the outflows were still relatively low, meaning ETFs may have been testing the markets. Bitcoin ETF flows/ source: Farside Institutional activity has previously been a decent measure of the level of attention that Bitcoin received from the big players. However, it may not always be the case especially when whale activity moves differently. That might be the case with the market this week and it may explain why the king of the cryptocurrencies was still resisting…
Filed under: News - @ May 15, 2025 2:22 am