"Bitcoin fell toward USD 107,500 on Tuesday, erasing most of the gains from the previous two sessions as bearish momentum reasserted itself. The move came despite an improvement in broader risk sentiment, with investors encouraged by signs of easing US-China tensions. ETF flows remained a headwind, with US spot Bitcoin funds posting another USD 40 million in outflows on Monday, extending the recent slowdown in institutional demand."
"At the same time, liquidations continued to paint a negative picture. Over the past 24 hours, USD 250 million in long positions were wiped out versus just USD 71 million in shorts, signalling persistent downside pressure in the near term and a market still dominated by forced deleveraging. On the geopolitical front, President Donald Trump reiterated optimism that a trade deal with China could be reached at the end of the month,"
Bitcoin retreated toward USD 107,500, erasing most gains from the previous two sessions as bearish momentum reasserted itself. Broader risk sentiment improved on signs of easing US-China tensions, but crypto failed to benefit from the rebound. US spot Bitcoin ETFs recorded another USD 40 million in outflows, extending a slowdown in institutional demand. Liquidations eliminated about USD 250 million in long positions versus USD 71 million in shorts over 24 hours, indicating persistent downside pressure and a market dominated by forced deleveraging. President Donald Trump expressed optimism about a potential end-of-month trade deal with China despite tariff and rare-earth disputes, which supported global risk assets but did not lift cryptocurrencies.
Read at London Business News | Londonlovesbusiness.com
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