Bitcoin ETF Withdrawals Indicate Soft Sentiment as Ethereum Stabilizes Around $4,100
The Bitcoin price dipped in the early part of the session, momentarily dropping to around $108,000 before bouncing back to $111,000.
This decline triggered approximately $825M in liquidations over the previous day, with about $653M related to long positions.
Currently, the crypto market is keen to see if Bitcoin can reclaim the $113,000–$115,000 range, which traders regard as a significant barrier level zone. Surpassing it could potentially lead to $120,000.
WuBlockchain reported that Spot BTC ETFs experienced about $471 M in net outflows on October 29.
On October 29 (ET), spot Bitcoin ETFs had total net outflows of $471 million, with no inflows recorded across all 12 ETFs. Spot Ethereum ETFs showed total net outflows of $81.44 million, with BlackRock’s ETHA being the sole fund to report net inflows.https://t.co/Hj2Gs49bWa pic.twitter.com/V3lk6iUqKB
— Wu Distributed ledger (@WuBlockchain) October 30, 2025
None of the listed 12 products saw any new inflows, representing one of the largest single-day withdrawals since their launch earlier this year.
ETF outflows amounted to roughly $81.44M, with only the BlackRock ETF experiencing slight inflows. This shift indicates a diminished short-term institutional interest following trading market fluctuations.
Why Is Bitcoin’s Price Lagging in Comparison to the 5- and 10-Year Bull-Cycle Models?
Market analyst Jason Pizzino cautioned that Bitcoin might be approaching a pivotal moment in its longer-term cycle.
He presented a comparative graph titled “Bitcoin Curves vs. Actual (2011–2025)” illustrating the widening gap between current price action and the historical 5- and 10-year composite bull-cycle models.
Earlier in the year, BTC mostly adhered to the projection. However, since September, its price movements have stagnated while the model has continued to rise.
This slowdown is prompting doubts about whether BTC is deviating from its usual cycle pattern.
According to CryptoQuant data, the Whale Ratio on Binance Trading protocol has gradually increased, reflecting a higher percentage of substantial Bitcoin transfers to exchanges.
Traders typically interpret this as a sign that major holders might be ready to sell.
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ETH Price Forecast: Are Low Volumes Indicating Indecision Among ETH Investors?
On the other hand, Ethereum is maintaining a more solid position.
As per Coingecko data, Ethereum is advancing from about $3,900 to over $4,100. In the previous month, the coin briefly peaked at $4,700 before retracting.
Analyst Daan Crypto observed that Ethereum is currently trading within a tight mid-range following another unsuccessful attempt to surpass its prior cycle peak.
Ethereum is resting just below the $4,089–$4,100 range, a price point where sellers have consistently intervened in recent weeks. The scenario remains largely unchanged.
The price consistently returns to this region, indicating the market is engaged in a close contest.
The chart identifies the previous cycle high around $4,089 as a significant resistance level. Ethereum has made numerous attempts to breach this threshold, yet each initiative has been thwarted. Candles are gravitating toward this level and wicking off, suggesting a perpetual token supply.
A definitive closure of price above this line at the end of the day would bolster a long-term upward trajectory.
The most notable upward signal is related to the 2021 high of $4,864, yet this can only be achieved if the price holds above the lower boundary first.
$ETH No variation here. Attempted to climb above its prior cycle peaks but faced rejection again. Now reverting back to this area.
The thresholds are clear. No need to get agitated until then. https://t.co/xNJtY20B08 pic.twitter.com/i9snEib4HS
— Daan Crypto Trades (@DaanCrypto) October 30, 2025
The critical price floor level, the Daily 200-EMA, rests at $3,593. The latest price movements exhibit a sharp drop into the 0.382 Fib zone, which has since been reclaimed, adding weight to this area.
Should ETH fail to sustain itself here, the next price floor lies around $3,319. The chart marks this as a vital “must-hold” level.
A clean break beneath it could significantly weaken the overall structure and open the pathway for a deeper decline towards earlier congestion zones.
Trading volume has diminished compared to the robust buying experienced earlier in the cycle. This contraction implies that traders are ambivalent regarding their next steps.
There is currently no clear sign of vigorous buying at these recent price points, indicating a cautious wait-and-see approach.
Price action is trapped within a range, with Ethereum oscillating between the base level level of the 200-EMA and the price ceiling level near the last cycle peak.
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