Bitcoin Price Analysis: BTC Back In The Red As Trade Tensions Persist

Bitcoin (BTC) slipped below $110,000 during the ongoing session, dropping to a low of $109,945 as US-China trade tensions ￰0￱ retreat cut short a market recovery that saw the flagship cryptocurrency briefly cross $116,000 on ￰1￱ flagship cryptocurrency is down nearly 3% during the ongoing session, trading around $112,030. Bitcoin, Ethereum ETFs Register Heavy Outflows US-listed spot Bitcoin and Ethereum ETFs registered a combined $755 million in outflows on October 13 as trade tensions between the US and China ￰2￱ to data from SoSoValue, US Bitcoin ETFs recorded $326.5 million in net outflows on Monday, with Grayscale’s GBTC accounting for the bulk of ￰3￱ saw $145.3 million in outflows, followed by Bitwise’s BITB with $115.6 million, and Fidelity’s FBTC with $93.2 million.

However, BlackRock’s IBIT registered $60 million in inflows. Meanwhile, spot Ethereum ETFs registered $428.5 million in net outflows. BlackRock’s ETHA led the redemptions with $310 ￰4￱ Ethereum ETFs registered any ￰5￱ Trader Doubles Down On Bitcoin (BTC) Short The Hyperliquid whale, who netted $192 million after shorting the market, has doubled down on their new short position, loading up nearly half a billion over the past two ￰6￱ to data from Hypurrscan, the whale’s short position is currently worth $496 million at 10x leverage, and a Bitcoin liquidation price of $124,270. The whale doubled their bet over the past 24 hours, initially opening the position with $163 ￰7￱ investor first appeared on the crypto community’s radar two months ago, holding a staggering $11 billion in ￰8￱ trader opened up $900 million in short positions on BTC and ETH last ￰9￱ whale gained even more attention after opening a short position minutes before US President Donald Trump announced 100% tariffs on Chinese goods, leading to a crash in the crypto ￰10￱ identity behind the whale is yet to be confirmed.

However, blockchain investigators hinted at a potential connection with Garrett Jin, former CEO of BitForex, a defunct cryptocurrency exchange. On-chain investigator Eye alleged the whale was Jin, leading to Binance CEO reposting the thread. However, ZachXBT suggested it was likely one of Jin’s ￰11￱ essentially confirmed the connection when he replied to Zhao, stating, “@cz_binance, thanks for sharing my personal and private ￰12￱ clarify, I have no connection with the Trump family or@DonaldJTrumpJr — this isn’t insider trading.” Only minutes later, Jin made another post, stating, “The fund isn’t mine — it’s my clients’. We run nodes and provide in-house insights for them.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) has registered a sharp drop during the ongoing session, falling to a low of $109,945 before reclaiming $110,000 and moving to its current level of $111,288.

The flagship cryptocurrency fell 1.96% on Saturday, settling at $110,768. However, it made a strong recovery on Sunday, rising nearly 3% to reclaim $115,000 and settle at $115,067. The price faced volatility and selling pressure on Monday but ultimately registered a marginal increase, settling at $115,274. BTC is down nearly 4% during the ongoing ￰13￱ decline cut short BTC’s recovery, which had seen it reclaim $115,000.

Markets were rattled as the latest trade war flashpoint showed few signs of ￰14￱ hit back at Washington, stating it was prepared to “fight to the end” in a trade ￰15￱ also accused the US of discriminatory trade ￰16￱ latest escalation could undermine an earlier framework between the US and ￰17￱ also justified its export controls on rare earth minerals, and gave little indication of caving in to US ￰18￱ Beijing noted that working-level talks were ongoing, it warned against imposing more ￰19￱ October 14 analysis by CryptoQuant contributor Chairman Lee revealed that the BTC on centralized exchanges has fallen to around 2.4 million BTC , the lowest level since ￰20￱ fewer coins are available on exchanges, selling pressure tends to ease, often leading to major price rallies, as seen in 2020 and ￰21￱ to Lee’s analysis, while prices may appear weak in the short term, the underlying bullish structure is ￰22￱ long-term holders, institutional investors, and ETFs transfer their assets into cold storage, the supply could get even more ￰23￱ traded in bullish territory last week, and began the previous week with a 1.41% increase to $122,318.

The price registered a marginal rise on Saturday before reaching an intraday high of $125,750 on ￰24￱ ultimately ended the weekend at $123,520, up 0.87%. Buyers retained control on Monday as the price rose 0.97% and settled at $124,720, but not before reaching an intraday high of $126.296. BTC lost momentum on Tuesday, falling almost 3% to $121,393. The price recovered on Wednesday, rising nearly 2% and settling at $123,343.