Bitcoin Tests $112K as Altcoins Defy ETF Exodus with Bullish Momentum

• Bitcoin under pressure at $112,000 amid $323.5M ETF outflows.
• Altcoins show strength, led by LTC and MNT’s bullish setups.

On August 5, 2025, Bitcoin traded under pressure, testing the crucial $112,000 support level after failing to maintain momentum near $115,000. U.S. spot Bitcoin and Ethereum ETFs recorded significant institutional redemptions earlier in the week, with net outflows of $323.5 million and a record $465 million, respectively, as reported by Cointelegraph. These outflows reflect short-term caution among institutional investors trading through ETFs.

In contrast, corporate treasuries exhibited a long-term accumulation strategy. They purchased over 800 BTC during the price dip on the same day, highlighting opposing approaches among institutional players—some reduced exposure, while others took advantage of lower prices.

Altcoins displayed resilience despite Bitcoin’s slump. Litecoin (LTC) rebounded from $107 and moved above $122, with potential targets at $130 and $140 if support holds. Similarly, Cronos (CRO) reclaimed levels above its 20-day simple moving average. If it clears the $0.15 resistance, prospects point toward levels at $0.17 and $0.19.

Other cryptocurrencies like Ethena (ENA) and Mantle (MNT) defied the broader downtrend. ENA gained support at its 20-day SMA of $0.54, signaling potential moves toward $0.70 and resistance levels at $0.82 and $0.96. Meanwhile, MNT formed an inverse head-and-shoulders pattern. A breakout above $0.85 could confirm bullish momentum, targeting $1.15.

Institutional market activity reflects mixed sentiment. ETF outflows continue, but over-the-counter (OTC) accumulation suggests alternative strategies are being pursued. Large Ether transactions indicate that while some institutions exit ETFs, others remain active via other trading avenues. This split demonstrates cautious short-term adjustments alongside strategic long-term positioning.

As of August 5, 2025, 23:09 UTC, Bitcoin (BTC) trades at $114,014.45, registering a 1.13% drop in 24 hours, per CoinMarketCap. Litecoin (LTC) is priced at $120.99, marking a slight 0.20% rise. Mantle (MNT) at $0.893 has surged 5.92%, while Cronos (CRO) trades at $0.139, down 0.95%. Ethena (ENA) is valued at $0.583, with a 4.30% decline during the same period.

All data reflects market conditions as of the reported timestamp and is subject to future developments.