Bitcoin Climbs Back Above $115K as ETF Inflows Resume, But Traders Stay Wary
Bitcoin (BTC) rebounded above $115,000 in early Asia trading, staging a modest recovery after last week’s sharp selloff triggered more than $1 billion in liquidations and sent prices briefly below $113,000.
The recovery follows signs of stabilizing institutional demand, with Bitwise reporting $18.74 million in net ETF inflows—a positive shift after last Friday’s heavy outflows, which ranked among the largest on record.
Friday marked Bitcoin’s third straight weekly decline, fueled by a combination of disappointing U.S. jobs data and new tariffs from the White House, igniting a risk-off wave that hit both crypto and equities. Altcoins took a deeper hit, with Solana (SOL) tumbling nearly 20% on the week and Ethereum (ETH) losing close to 10%.
Despite the volatility, some analysts see underlying strength. QCP Capital noted in a Monday report that Bitcoin’s record-high monthly close in July reflects a resilient long-term trend. The firm described last week’s drop as a typical leverage reset, not a shift in broader market direction—echoing similar post-rally corrections that historically precede accumulation phases.
Still, traders remain cautious. Polymarket data shows a 49% chance that BTC will fall below $100,000 before year-end, up slightly from the day before. The pricing highlights ongoing uncertainty even as long-term fundamentals—like regulatory progress, stablecoin integration, and real-world asset tokenization—continue to advance.
The next potential catalyst could emerge during the Asia session, with U.S. ETF flow updates expected by midday Hong Kong time. A continuation of inflows and easing volatility could help shift sentiment back toward risk-on and reinforce a buy-the-dip narrative.
Market Overview:
- Bitcoin (BTC): Recovering above $115K as ETF inflows resume.
- Ethereum (ETH): Steady around $3,700; Polymarket odds rising for a $4,000 breakout this month.
- Gold: Extended gains for a third day, hitting a two-week high as soft U.S. data boosted expectations of a September Fed rate cut (CME now pricing in 86% odds).
- Nikkei 225: Opened 0.54% higher following President Trump’s proposed tariff hikes on Indian imports.
- S&P 500: Rebounded 1.47% to 6,329.94, ending a four-day losing streak and posting its best session since May.
