"Bitcoin held steady near $115,000 on Monday, recovering part of previous losses after fears of escalating U.S.-China trade tensions briefly drove it to a three-and-a-half-month low. Over the weekend, President Trump softened his stance after threatening a 100% tariff on Chinese imports. The shift in tone helped restore risk sentiment, prompting a modest rebound in crypto markets. Liquidation data reflected improving momentum, with $622 million in positions closed over the past 24 hours, including $415 million in shorts, signalling a short-covering rally."
"ETF flows were subdued on Friday, showing a small outflow of $4.5 million, the first since late September, though total inflows last week exceeded $2.7 billion, underscoring resilient institutional appetite. In corporate activity, MARA Holdings took advantage of recent price weakness, acquiring 400 BTC. The miner's opportunistic purchase reinforces long-term confidence in the asset despite near-term volatility, painting a bullish short-term scenario for the cryptocurrency."
Bitcoin held near $115,000, recovering part of losses after fears of escalating U.S.-China trade tensions drove it to a three-and-a-half-month low. President Trump softened his stance after threatening a 100% tariff on Chinese imports, restoring risk sentiment and prompting a modest crypto rebound. Liquidation data showed $622 million in positions closed over 24 hours, including $415 million in shorts, signalling a short-covering rally. ETF flows recorded a $4.5 million outflow on Friday, the first since late September, while total inflows last week exceeded $2.7 billion, indicating resilient institutional appetite. MARA Holdings acquired 400 BTC, reinforcing long-term confidence despite near-term volatility and supporting a bullish short-term scenario.
Read at London Business News | Londonlovesbusiness.com
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