Bitcoin Plunges Below $100,000 Amidst Market Pressure from ETF Outflows

Bitcoin’s recent surge has been halted as investors pull funds out of ETFs and face heightened pressure on the market. While Bitcoin briefly bounced back above $101,500 on Thursday, a decline below $100,000 triggered large liquidations in leveraged trading positions. This reflects a shift from bullish sentiment to cautious uncertainty about future price direction. Analysts point to several contributing factors: Weak corporate earnings reports and the looming risk of recession are casting a shadow over the crypto market.