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Home News Bitcoin Price Targets $110K Amid ETF Surge and Short Squeeze Risk

Bitcoin Price Targets $110K Amid ETF Surge and Short Squeeze Risk

BTC-USD Builds Bullish Structure as Institutions Accumulate, Shorts Stack | That's TradingNEWS

TradingNEWS Archive 6/29/2025 3:49:05 PM

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Bitcoin Approaches $110K: Bullish Structure Builds Underneath

Bitcoin (BTC-USD) climbed to $108,220 as of the latest session, putting it within striking distance of the critical $110,000 resistance. The rally has been supported by consistent ETF inflows and declining exchange reserves, yet traders remain cautious as open interest and liquidity heatmaps show whales and institutions building heavy positions just below resistance.

ETF Inflows Accelerate as Spot Supply Tightens

U.S. spot Bitcoin ETFs recorded $294 million in cumulative inflows this week, with BlackRock’s IBIT and Fidelity’s FBTC leading net additions. Daily flows have steadily risen since mid-June, reversing the outflows that capped upside near $105,000. This supply absorption has intensified pressure on the short side, with Glassnode reporting BTC balances on exchanges have dropped to a 5-year low.

Shorts Stack Around $110K: Squeeze Setup in Motion

Data from Hyblock Capital shows a liquidity cluster between $109,500 and $111,200, where overleveraged shorts are concentrated. The market has repeatedly rejected the $110,000 zone, but each test leaves more aggressive short positioning behind. This creates a layered short squeeze risk: any breakout above $110K could send BTC rapidly toward $115,000 or $120,000 as stops trigger en masse.

Technical Levels: Tight Coil Between $107K Support and $110K Barrier

Bitcoin’s 4H chart reveals a narrowing ascending triangle, with support around $107,200 and higher lows forming consistently since June 21. RSI hovers near 65—bullish but not overheated. If the $106,800–$107,200 range holds, bulls may push for a breakout before July begins. Failure to hold