"Bitcoin recorded a decline on Monday that saw prices fall from around USD 95,400 to near USD 92,000 before stabilizing, but sentiment remains fragile following a broad deterioration in global risk appetite. The abrupt move lower was driven by renewed trade tensions after Donald Trump threatened to impose 10% tariffs on several European countries from February 1, citing escalating tensions linked to Greenland."
"Data underlined the intensity of the move. Over the past 24 hours, liquidations were heavily skewed to long positions, with roughly USD 787 million wiped out versus just USD 86 million in shorts, suggesting that price action remains vulnerable to further losses as markets digest the geopolitical shock. Despite the sharp price drop, institutional demand held up last week. Spot Bitcoin ETFs recorded net inflows of more than USD 1.4 billion, their strongest weekly intake in several weeks, although they recorded USD 394 million in outflows on Friday."
Bitcoin fell from around USD 95,400 to near USD 92,000 before stabilizing as sentiment turned fragile following a broad deterioration in global risk appetite. The decline followed renewed trade tensions after Donald Trump threatened 10% tariffs on several European countries from February 1, with the possibility of rising to 25% by June if no progress is made. Liquidations over the past 24 hours were heavily skewed to long positions, with roughly USD 787 million wiped out versus USD 86 million in shorts, leaving price action vulnerable to further losses. Institutional demand remained resilient last week, with spot Bitcoin ETFs seeing net inflows exceeding USD 1.4 billion despite USD 394 million of outflows on Friday, while Ethereum products attracted nearly USD 480 million.
Read at London Business News | Londonlovesbusiness.com
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