Bitcoin Bears Surge, Aiming for $110K Support as ETF Flows Slow Down

Retail sentiment is at its lowest point since June, signaling a potential rebound. Bitcoin’s price has dipped below the $113,000 mark, pushing traders toward bearish territory. This decline highlights technical indicators suggesting a potential downward trend towards the $110,000 support zone. Analysts suggest this shift in sentiment is often followed by trend reversals. The decline also pushes Bitcoin under its 200-day moving average (EMA). Traders are currently near $113,381, showing mounting selling pressure.