Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin slips below $109K as ETF outflows mount ahead of US inflation data

Bitcoin slips below $109K as ETF outflows mount ahead of US inflation data

The BlockThe Block2025/09/25 16:00
By:By Naga Avan-Nomayo

Quick Take Bitcoin has dipped below $109,000 ahead of the U.S. core PCE release, as risk appetite has stalled following the FOMC meeting. An analyst reiterated the bullish seasonality in the upcoming quarter but said that price confirmation remains unclear.

Bitcoin slips below $109K as ETF outflows mount ahead of US inflation data image 0

Bitcoin slumped on Friday as risk appetite for cryptocurrencies has cooled ahead of the U.S. core PCE inflation report, with U.S. spot bitcoin ETFs reversing to net outflows and 24-hour liquidations approaching $1 billion across crypto markets.

According to The Block’s price page , BTC changed hands under $109,000 and was down nearly 6% in the past week. Ether logged double-digit losses over the last seven days, as did several altcoins.

U.S. spot bitcoin ETFs posted about $258 million of net outflows on Sept. 25, with BlackRock’s iShares Bitcoin Trust the only fund to record net inflows, The Block’s data dashboard shows. Spot ether ETFs saw roughly $251 million in net outflows on the same day, marking their fourth consecutive session of withdrawals.

Derivatives markets have borne the brunt of the unwind. CoinGlass data reported almost $1 billion in crypto liquidations over the past 24 hours, primarily driven by long positions, indicating forced deleveraging following this week’s market drop. Over 225,392 traders were stopped out, and the largest single liquidated trade was a $19.3 million ETH-USDT position on HTX.

The price action extends this week’s post-FOMC shakeout and puts key levels back in focus, BRN’s Head of Research Timothy Misir said.

Misir wrote that a “leveraged washout” has pushed bitcoin through near-term support. He noted BTC briefly touched $108,652 before stabilizing and remains up about 4.5% in September, with October seasonality historically favorable.

Also, whales have been net sellers since Aug. 21, while long-term holders have realized profits. This dynamic has pressured spot markets even as ETF inflows have swung day-to-day, according to the analysts.

Attention now turns to today’s core PCE price index, the Fed’s preferred inflation gauge. Misir surmised that the release could recalibrate rate-cut expectations and, by extension, risk sentiment. However, he added that the market remains in limbo till a confirmed price breakout arrives.

“Long-term flows and seasonality still favor crypto’s medium-term case, yet the market is fragile,” Misir shared with The Block through email. “Confirmation arrives when ETF flows stabilize and BTC reclaims the $113,500–$116,000 corridor with volume. Until then, prioritize capital preservation over aggressive upside chasing.”


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!