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Bitcoin Shatters $110K Support as Tariff Turmoil and ETF Exodus Rattle Crypto Markets

Bitcoin Shatters $110K Support as Tariff Turmoil and ETF Exodus Rattle Crypto Markets

Published:
2025-10-17 08:59:03
25
3

Bitcoin's fortress crumbles at the $110,000 level—tariff shocks and massive ETF outflows trigger market tremors.

The Perfect Storm

Regulatory uncertainty meets institutional cold feet as Bitcoin's key support level vanishes. ETF bleeding continues unabated while global tariff tensions amplify the sell-off pressure.

Market Mechanics Unraveling

Institutional players retreat faster than you can say 'risk-off'—proving once again that Wall Street's crypto love affair remains strictly conditional. The $110K floor wasn't just broken—it was demolished by a combination of macro fears and sector-specific headwinds.

Another day, another reminder that digital gold still dances to traditional finance's tune when the music gets loud enough.

Bitcoin Breaks $110K Floor as Tariff Shock, ETF Outflows Hit Markets

  • BTC failed $110,000 and dropped to ~$106,409 as shorts accelerated the move; total crypto market cap fell ~4.9% to $3.6 trillion.
  • Spot Bitcoin ETFs recorded $536 million of net outflows yesterday; Ethereum ETFs saw $56.88 million of outflows.
  • Options flow shows heavy put demand and a material short-term risk repricing; roughly $690 million was liquidated in the past 24 hours.
  • Onchain nuance: small-to-mid holders are accumulating while miners deposited ~51,000 BTC since October 9, indicating mixed supply dynamics.
  • Macro shock: 100% tariff rhetoric and an ongoing U.S. shutdown pushed Fear & Greed index down to 22; gold topped a $30 trillion market cap as safe-haven demand surged.

|Square

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