Bitcoin is testing critical support levels between $108,600 and $113,000 after a ~10% pullback from its ATH; holding this zone may signal institutional accumulation and a potential stabilization, while a decisive breach would likely shift short-term market structure toward deeper declines.
Bitcoin testing $108,600–$113,000 support: decisive hold needed to prevent further downside.
Institutional flows dominate trading volume; retail transfers account for roughly 0.6% of activity.
Nearly $1 billion in recent Bitcoin ETF outflows highlight short-term redemptions amid ongoing institutional accumulation.
Bitcoin support levels between $108,600–$113,000 are crucial after a 10% correction; read expert analysis and market signals to act. (Coinotag)
What is the current status of Bitcoin support levels?
Bitcoin support levels at $108,600–$113,000 are under test after a roughly 10% correction from the all-time high. Market data shows heavy institutional participation, ETF outflows near $1 billion, and retail transfers contributing ~0.6% of trade volume, all shaping near-term price action.
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Institutional trading now dominates spot and ETF markets, reducing the relative impact of retail flows. Recent data indicates institutions continue accumulation even amid temporary outflows from certain ETF products. This institutional footprint supports current prices but also concentrates downside risk if large holders reallocate.
That zone corresponds to recent high-volume on-chain transfers and price rejections, marking a demand area where institutions previously accumulated. A sustained hold would indicate buyers remain active, whereas a break below could shift realized price metrics and invite technical selling.
Macro drivers include expectations of U.S. Federal Reserve rate cuts and a weakening dollar, both of which historically support risk assets. Market commentary notes that rate policy speculation is a primary near-term tailwind for Bitcoin, while regulatory updates drive episodic volatility.
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Source: https://en.coinotag.com/bitcoin-may-test-108600-113000-support-as-institutional-interest-persists-amid-fed-rate-cut-speculation/