Bitcoin risks drop to $103,500 if it fails $106,900.
Spot Bitcoin ETFs saw $129M outflows recently.
Ethereum ETFs gained $281M over four weeks.
Tariffs and trade war affect crypto markets.
Bitcoin Faces Critical Test at $106,900
Bitcoin struggles to hold above $106,573 as of June 9, 2025. Ali Charts highlighted a key resistance level, urging caution until a sustained close above $106,900. Failure could push prices to $105,000 or $103,500. The cryptocurrency faces pressure from recent market shifts.
ETF Trends and Macro Challenges
Spot Bitcoin ETFs recorded $129 million in outflows from June 2–6, signaling investor unease. In contrast, spot Ethereum ETFs saw $281 million in inflows, marking four consecutive weeks of growth. These movements coincide with escalating tariffs and a brewing trade war, impacting global markets.
Tariffs have intensified, affecting risk assets like Bitcoin. Trade tensions add uncertainty, influencing investor sentiment. The combination of ETF outflows and macro factors creates a volatile environment for Bitcoin.
Market Dynamics and Outlook
Bitcoin’s price dipped slightly, reflecting broader market concerns. The $106,900 threshold remains a pivotal point. A break above could signal bullish momentum, while a drop may trigger further declines.
Ethereum’s ETF inflows suggest growing confidence in the altcoin. This divergence highlights differing investor strategies amid global economic shifts.
The trade war’s ripple effects continue to unsettle financial markets. Tariffs on key trading partners exacerbate the situation, prompting outflows from Bitcoin ETFs. Ethereum’s gains offer a counterpoint, driven by sustained interest.
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