Bitcoin Struggles to Rebound as Market Fatigue Persists, With Tepid ETF Flows and 200-Day MA Near $110K
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According to Bloomberg via COINOTAG News, Bitcoin has yet to secure a meaningful rebound after last month’s decline, while the cryptocurrency market shows signs of fatigue as traders reassess risk and curb exuberance.
$107,000 briefly topped the price level for Bitcoin before sliding back under $105,000, underscoring fragile market sentiment after broad selling and a sizable erosion of market value.
Profit-taking by large holders near this year’s highs and lingering anxiety from the October liquidation event contributed to the softness, while Bitcoin ETF inflows on U.S. exchanges remained modest.
From a technical viewpoint, Bitcoin remains below its 200-day moving average, currently around $110,000, a pivotal threshold for any sustained rally, according to analysts.