Bitcoin Faces Resistance Amid ETF Slowdown, Altcoins Deepen Losses

Bitcoin Struggles With Resistance as ETF Inflows Decline

The cryptocurrency market started on a bearish trajectory in New York on October 25th, with Bitcoin (BTC) and prominent altcoins encountering downward pressure. Bitcoin traded at $111,615, marking a decrease of 1.32% over the past 24 hours and a 4.97% slide across the week. Having tested the critical support level around $111,000 earlier, concerns about potential short-term corrections have grown.

Data from Glassnode, a leading on-chain analytics firm, reveals a notable deceleration in Bitcoin ETF-driven inflows since September. Net inflows for Bitcoin spot ETFs dropped by a staggering 54% within a week, declining from $2.03 billion in one week to $931.4 million the next. This reduced institutional investment has sparked discussions about increased near-term price volatility.

Analysts caution that Bitcoin must maintain support within a tight $112,000–$111,000 range to avoid further price erosion. Should this critical support level falter, downside risks could materialize, potentially pushing Bitcoin toward $108,000 or even as low as $90,000 in the most bearish scenarios.

Altcoins Experience Greater Losses Amid Market Weakness

The bearish sentiment rippled through the altcoin sector, where declines were even more pronounced. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a sharp drop of 4.43% in 24 hours, trading at $3,993. Over the last week, Ethereum has lost 12.89%, with selling pressure intensifying around the psychologically significant $4,000 level.

Other altcoins also saw steep losses:

• XRP declined by 1%, trading at $2.84, marking an 8.71% weekly loss.
• Solana (SOL) suffered one of the most substantial losses, dropping 5.28% to $200.99 on the day and 18.65% across the week.
• Cardano (ADA) slid 1.97% in daily trading to $0.7923, accumulating a sharp 13.44% loss over the week.
• Dogecoin (DOGE) fell 4.69% to $0.2319, while Tron (TRX) declined 1.66% to $0.3325.

Further losses were observed across major cryptocurrencies such as Avalanche (AVAX), Stellar (XLM), and Hedera (HBAR), which posted weekly declines ranging between 7% and 15%.

Shrinking Market Cap and Dampened Investor Sentiment

The total cryptocurrency market capitalization dipped by 2.1% over the last 24 hours, settling at $3.82 trillion, equivalent to approximately 5.385 quadrillion won. Despite this decline, Bitcoin's dominance remained steady at around 58%.

Investor sentiment continued to weaken, as reflected in the Fear & Greed Index, which registered a reading of 41—emphasizing a neutral yet cautious stance among market participants. The Altcoin Season Index hit 68, indicating heightened volatility in altcoins compared to Bitcoin.

Experts attribute this broader downturn to a combination of slowing ETF inflows and deteriorating technical indicators. "The $111,000–$110,000 zone is emerging as a pivotal area of support for Bitcoin," analysts remarked.

Mixed Outlook: Risk of Corrections or Opportunity for Accumulation

Market professionals warn that a decisive break below $111,000 could pave the way for additional corrections, with potential fallback levels at $105,000 and $100,000. However, a contrasting perspective suggests that this correction could also attract long-term investors and institutions, seeing lower prices as an opportune moment for accumulation.

For now, the cryptocurrency market remains on edge, with traders eyeing critical support zones and institutional activities closely. As volatility increases, both risks and opportunities stand amplified within this dynamic landscape.