#bitcoin Crashes to $108K before going back to $110k — #ETFs Flip Green Amid Chaos
$BTC ’s sharp drop below key support rattled markets, but the big twist came from ETFs: after 6 days of outflows, spot Bitcoin ETFs saw $219M in inflows — led by Fidelity ($65M) and #BlackRock ($63M). None reported outflows, signaling some investors see the dip as a buying opportunity. 📈
But danger looms — funding rates stay positive, meaning leveraged longs are piling in. If $BTC slips further, a long squeeze could accelerate losses.
🔑 Levels to watch:
Support: $108K → $105K → $100k
Resistance: $117.8K / $121.3K
ETF inflows hint at bullish confidence, but derivatives risk and weak momentum suggest caution.
