Bitcoin Bounces Back Over $110K After Massive ETF Outflows, Is the Next Bull Run Starting?

Bitcoin (BTC) jumped again above $110,000 on Monday, erasing a part of final week’s slide whilst U.S. spot bitcoin ETFs posted their second-largest weekly web outflows on document ($1.2 billion).

The swift rebound, from lows close to $103,700, has merchants asking whether or not the market simply accomplished a “managed deleveraging” and is now basing for the subsequent advance. Ether reclaimed $4,000 alongside broader crypto inexperienced shoots, aided by cooling trade-war headlines and rising odds of further Fed charge cuts.

Short time period, BTC is trying to carry the $107,000–$110,000 assist band. A clear break and maintain above $112,000–$115,500 would strengthen the bullish case and set sights on $120,000–$123,000.

Institutions Still Bullish; Rare BTC–Gold Signals Flash “Bottom”

Despite the outflows, institutional conviction seems to be resilient. A brand new Coinbase survey discovered 67% of establishments are bullish on Bitcoin over the subsequent three to 6 months, citing enhancing liquidity, sturdy ETF infrastructure, and stablecoin utilization close to document highs.

Macro tailwinds are supportive, with markets now pricing in additional Fed easing, a development that has traditionally redirected capital from money and money-market funds towards threat property.

On-chain and cross-asset alerts add weight. CryptoQuant’s Joao Wedson flagged uncommon backside readings in the BTC-to-gold ratio oscillator, ranges that beforehand preceded sturdy recoveries.

Separately, JP Morgan’s framework values BTC materially increased versus gold, mapping to a possible $165,000 by 2025 if the relationship normalizes.

Short-term holder MVRV Bollinger alerts are additionally in “oversold” territory, seen earlier at $49,000 and $74,000 earlier than subsequent rallies, supporting the notion that latest weak point was an accumulation section, not a prime.

Bitcoin (BTC) Levels, Risks, and the Road to a New Leg Higher

Technically, Bitcoin bulls need to defend $107,000–$110,000 and flip $112,000–$115,500 into assist. Above there, momentum merchants eye $120,000–$123,000 and the prior ATH zone close to $126K.

Funding and open curiosity have cooled, decreasing the threat of one other forced-liquidation cascade. Regardless, skeptics level to rising-wedge overhangs and headline threat (commerce tensions, information shocks), whereas gold’s document run fuels the “digital-gold vs. gold” debate.

The bounce above $110,000, regardless of heavy ETF redemptions, suggests sturdy dip-buying and enhancing liquidity. If macro circumstances cooperate and BTC can reclaim the mid-$110,000s with quantity, the market could also be transitioning from “reset” to re-accumulation, laying groundwork for a recent bull leg into late 2025.

Cover picture from ChatGPT, BTCUSD chart from Tradingview