Bitcoin Rebounds Above $115K Amid Institutional Inflows and Market Correction

Asia Morning Briefing reports bitcoin trading near $115K in a low-volume, corrective phase, as Glassnode highlights an 'air gap' between key support and resistance levels amid cautious sentiment.

BTC
ETH

Summary

Asia Morning Briefing reports that bitcoin is trading around $115K, up 1%, as it navigates an 'air gap' between $110K and $116K, with Glassnode noting low liquidity and mixed technical signals. ETH is up 2% just below $3,600, while ETF flows turned negative with a -1.5K BTC outflow. Broader market indicators and subdued altcoin activity underscore the fragile current sentiment.

Terms & Concepts
  • Air gap: A low-liquidity price zone between major support and resistance levels where trading is minimal, potentially signaling accumulation or deeper declines.
  • ETF outflow: A net outflow from exchange-traded funds, indicating investors are liquidating positions in crypto-focused products.