Bitcoin Price News: Bitcoin ETF Outflows Threaten $107K Support as Institutional Demand Weakens

Bitcoin’s $107,000–$108,000 support zone is under pressure as spot Bitcoin ETFs in the United States continue to record outflows, raising concerns about waning institutional demand and potential “demand-side fragility,” according to a new report from Bitfinex analysts.ETF Apathy Weighs on Bitcoin’s Critical Support ZoneAnalysts from Bitfinex warned Tuesday that the lack of sustained ETF inflows has made Bitcoin’s current support increasingly fragile, following a string of red days across institutional investment products.“The lack of institutional accumulation has made the $107,000 to $108,000 zone increasingly difficult to defend as support,” the report said, highlighting how ETF outflows intensified after U.S. President Donald Trump’s tariff announcement earlier this month.Between Oct. 13 and Oct. 17, U.S.-listed spot Bitcoin ETFs recorded $1.23 billion in net outflows, data from Farside Investors shows. The trend underscores investor caution following the recent market correction and risk-off sentiment across broader financial markets.Mixed ETF Flows Show Fragile DemandDespite two outflow-heavy trading sessions this week, strong inflows on Tuesday kept total ETF net flows slightly positive at $335.4 million, signaling some resilience among long-term holders.However, Bitfinex analysts cautioned that persistent outflows could continue to weigh on sentiment:“If weakness persists or ETF inflows fail to recover meaningfully in the coming weeks, it would point to growing demand-side fragility,” they said. “Such a scenario could undermine one of the primary forces behind previous rallies — consistent institutional accumulation.”Bitcoin Price Faces Pressure Near $108KAt the time of writing, Bitcoin (BTC) was trading around $108,864, according to CoinMarketCap — down roughly 3.4% over the past 30 days. BTC briefly climbed above $113,000 earlier in the week before retracing below the $110,000 mark as sellers regained control.Bitfinex analysts described this level as a “key warning signal” for potential extended consolidation if prices fail to rebound convincingly. A break below $107,000 could open the door to a retest of the psychological $100,000 level, which many traders view as the last major line of defense before deeper corrections.Analyst Outlook: Consolidation vs. Year-End RallyDespite short-term weakness, market sentiment remains cautiously optimistic. BitMEX co-founder Arthur Hayes and Fundstrat’s Tom Lee both maintain that Bitcoin could reach $250,000 by year-end, citing long-term ETF adoption trends and macro liquidity cycles.In contrast, Galaxy Digital CEO Mike Novogratz struck a more measured tone, saying on Tuesday that “a number of crazy things” would need to happen for such an explosive rally to materialize. In his view, Bitcoin should still hold above $100,000 in a worst-case scenario this year.With institutional inflows slowing and price consolidation deepening, Bitcoin’s near-term trajectory hinges on whether ETFs can return to net-positive inflows. For now, analysts warn that the $107,000–$108,000 support remains the market’s most important battleground.