Market uncertainty weighs bitcoin
Bitcoin has extended his loss sequence for the fourth consecutive day, decreasing 0.9% in the last 24 hours to exchange around $ 111,678. This downward movement reflects the growing prudence of investors while the markets are preparing for the main American inflation data. Merchants do not seem sure of the next political direction of the federal reserve, creating a broad feeling of risk that affects bitcoin and other risk assets.
I think the timing is particularly interesting here. We see this decline, just as investors try to assess whether the Fed will take a more bellicist or more fortuitous position. This uncertainty seems to be the main engine of the current sales pressure.
ETF outputs and liquidations add pressure
The market was faced with significant opposite winds from ETF outputs and large -scale liquidations. The FNB Bitcoin classified by the United States recently recorded $ 466 million in outings, exceeding the smallest entries earlier in the week. This occurs after the massive liquidation event of $ 1.7 billion on Monday, one of the largest we saw in 2025.
Taking profit seems to be accelerating as investors reduce their exposure to Bitcoin. The wider recharge time makes everyone more careful, perhaps too cautious in some cases. But then again, with the $ 22.6 billion of $ 22.6 billion in term options on future approach, caution could be justified.
Historically, Bitcoin tends to undergo sales pressure before large expirations as lever effects relax and traders hide their risk. It is possible that we can see a certain relief once this expiration passes and that the wider uncertainty has dissipated.
Technical indicators report weakness
From a technical point of view, the Bitcoin graphic does not seem particularly strong at the moment. The price has dropped significantly lower than its peak of September 19 nearly $ 117,000, forming a model of lower upper and lower stockings – this classic lower structure that traders watch.
The RSI fell to 42.30, which suggests declining the purchase interest. Meanwhile, the MacD has knocked down with an increasing negative histogram. The volume remains stifled, indicating the indecision of the two bulls and bears around the next major movement.
If Bitcoin does not hold above the level of support of $ 110,000, we could see other drops around $ 108,000. However, a recovery of more than $ 113,500 could help trigger a price rebound. The key levels to look at are fairly clear at this stage.
What is interesting for me is how all these factors converge – macroeconomic uncertainty, ETF flows, technical configuration. This creates a situation where the short -term management of Bitcoin is particularly difficult to predict. The market seems to expect lighter signals from both inflation data and how the expiration of options takes place.
The remaining low negotiation volume suggests that many participants are seated on the sidelines, awaiting more clarity before making significant movements. This could mean that we are for lateral action until we crossed these key events.
