**Bitcoin Holds Steady Above $100K Despite $2.7B ETF Outflows This Month**
Bitcoin has maintained its position above the $100,000 mark despite ongoing ETF outflows. At press time, data from CoinGecko shows BTC trading at $102,321, down 0.91% in the last 24 hours. Over the past week, the asset has declined by just 0.98%, signaling resilience amid selling pressure.
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### ETF Flows Reflect Cautious Market Behavior
According to data shared by Bloomberg’s Eric Balchunas, Bitcoin ETFs have seen $2.7 billion in outflows over the past month. He noted that this represents about 1.5% of total Bitcoin ETF assets, meaning 98.5% of funds remain invested. This data suggests investors are reducing exposure but not exiting the market entirely, indicating a measured sentiment rather than a wholesale retreat.
Crypto trader Daan Crypto Trades observed that ETF flow patterns often act as short-term sentiment indicators. He explained that large outflows without a corresponding price drop may indicate the market is forming a short-term base. Conversely, when inflows fail to push prices higher, it can mark a local top. This perspective highlights the importance of monitoring price reactions to ETF movements for valuable context during ongoing market cycles.
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### Price Resilience Signals Potential Accumulation
Bitcoin’s current position mirrors these dynamics. Despite notable outflows and fading sentiment, the price has held firm near $100K. Market participants view this consolidation as a potential sign of absorption ahead of the next decisive move.
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### Traders Eye Possible $150K Target Amid Mixed Outlook
Market analyst HovWaves offered a bullish outlook, suggesting Bitcoin could be setting up for an extended fifth wave surge toward the $150K region once the current correction phase concludes. However, he cautioned that a deeper pullback could occur if the market confirms a local top.
In a bearish scenario, a retracement to $69K—or even near $40K—remains possible, consistent with Bitcoin’s historical drawdowns. Yet traders emphasize that holding above the six-figure mark reflects sustained institutional support despite temporary ETF outflows.
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### Continued Trading Activity and Market Watch
Price data from CoinGecko shows steady trading volume at $70.1 billion, underlining continued market activity. As ETF flows stabilize, investors are closely watching whether Bitcoin can reclaim upward momentum or remain range-bound through November.
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**Summary:** Despite $2.7 billion in ETF outflows this month, Bitcoin remains resilient above $100K, with outflows accounting for just 1.5% of total Bitcoin ETF assets. Analysts suggest this stability may indicate short-term accumulation. Traders are debating the next move, eyeing a potential surge to $150K if bullish momentum continues, while remaining cautious of possible deeper pullbacks.
https://blockonomi.com/bitcoin-etf-outflows-ease-as-btc-holds-100k-analysts-eye-price-reaction/
