Bitcoin’s brief rise above $107,000 before sliding under $105,000 underscores fragile market sentiment as ETF inflows remain muted and price lingers below the 200-day moving average.
Bitcoin briefly surpassed $107,000 before dropping below $105,000, reflecting delicate sentiment after a recent selloff erased billions in market value. Despite broader market gains, spot Bitcoin ETFs recorded only $1 million in net inflows. The cryptocurrency remains beneath its 200-day moving average of around $110,000, signaling ongoing technical resistance.