Bitcoin price outlook: $95k support faces selling pressure from ETF outflow
Bitcoin Struggles Below $100K as ETF Outflows Hit $552 Million.
Bitcoin price has struggled to maintain momentum under the six-figure mark, opening the new week at $96,100 after two weeks of consolidation.
The cryptocurrency faced early selling pressure during the Asian session, declining 1% to test the $95,000 support level—a price point that has repeatedly held over recent weeks. Currently, Bitcoin is trading near $95,650 in early European trading.
The $95,000 level remains a critical support, reinforced by the Fibonacci 0.786 retracement level. This zone has provided a buying opportunity for traders in previous sessions. However, the daily and 4-hour RSI readings indicate that Bitcoin remains in bearish territory, raising concerns about potential downside risks toward last week’s low at $93,400.
Bitcoin price dynamics (Feb 2025). Source: TradingView.
Bitcoin ETF outflows intensify with $552 million withdrawal
Beyond price action, Bitcoin ETFs market dynamics are influencing Bitcoin’s outlook. Spot Bitcoin ETFs in the U.S. have seen substantial inflows since their January 2024 launch, accumulating around $39 billion in net inflows. However, only $17.5 billion of this total less than half represents genuine long-term buying interest. The majority, about 56%, is tied to arbitrage strategies where traders buy spot Bitcoin through ETFs while simultaneously shorting Bitcoin futures, capitalizing on price differences between the two markets.
Last week, Bitcoin ETFs recorded four consecutive days of outflows, with $552 million exiting the products, according to Farside Investors. While Bitcoin’s spot price remained range-bound, these outflows have weighed on market sentiment as media coverage often portrays ETF outflows as bearish signals
Looking ahead, Bitcoin’s ability to hold the $95,000 support will be crucial. A failure to do so could accelerate selling pressure toward lower support levels, while sustained buying at this level may help the cryptocurrency stabilize.
Bitcoin broke above $98,940 but reversed sharply forming a bearish engulfing pattern. The decline followed a $1.4 billion Bybit hack, which triggered broad market liquidations.
