The Bitcoin (BTC) market broke a 10-day streak of aggressive tides yesterday, when funds cited in the stock market (ETF) happened to meet at the $358 million register register exit yesterday, breaking a 10-day streak of aggressive tides in which funds cited in the stock market (ETF) were accidentally encountered at the $358 million register register exit.
This move, coupled with new tensions in the US tariff war Bitcoin bit is under $105,000.
Yesterday marked the biggest daily departure for Bitcoin ETFs since March 11th. Among the most affected funds are the Fidelitywise Origin Bitcoin Fund (FBTC) Lead at $166 million exitfollowed by the Grayscale Bitcoin Trust (GBTC), losing $107 million.
Other funds, such as the ARK 21Shares Bitcoin ETF (ARKB) and the Bitwise Bitcoin ETF (BITB), recorded outputs of $89 million and $70 million, respectively. The withdrawal was also reported in the Vaneck (HODL) ETF, the Coinshares Valkyrie Bitcoin Fund (BRR), and the Franklin Bitcoin ETF (EZBC).
However, not all funds suffered losses. The BlackRock-managed iShares Bitcoin Trust (IBIT) is the exception, collecting $125 million in tickets. Integrate as the only ETF with positive flow on that day.
Despite this performance, total net outings reduced the accumulated entries of 12 ETFs of Bitcoin to cash $44,990 million from $453.4 million on Wednesday Thursday.
Impact on Bitcoin Price
The ETF’s capital withdrawal directly affected the price of Bitcoin. These funds operate the purchase and maintenance of Bitcoin to support their actions; Therefore, the exit forces the manager to sell some of the holdings to cover the redemption.
This supply increase without comparable demand puts bear pressure on BTC to negotiate under $105,000 after reaching the historic maximum of $111,000 last week.
For that part, the macroeconomic context added more uncertainty. US Customs War Notice that has intensified among investors.
Yesterday morning, a federal court ruled that President Donald Trump had no authority under the Economic Power Act in the era of International Emergency (IEPA) that imposes global tariffs. Void taxes applied after April 2ndas reported by Cryptootics.
However, a few hours later, the Court of Appeals filed a blockade of these tariffs and revived the dispute.
To “take more fire,” President Trump says today that China violated the trade deal.
A new layer of uncertainty
Legal approval has been added to this scenario of Bitcoin uncertaintyOne big beautiful building ACAccording to CNBC, the law introduces the most significant change in the tax treatment of US foreign capital in decades.
Among the measures, a 5% percentage point increase per year will be established in US income taxes for foreign investors. What can raise the rate to 20%?.
George Saravelos, director of global exchange research at Deutsche Bank, said the law “creates margins to ensure that the US administration will turn commercial wars into capital wars if you wish.”
Furthermore, he emphasized that Section 899 of the project uses taxation on foreign assets as a lever to promote US economic targets and challenge the open nature of capital markets.
Bitcoin’s long-term beadist perspective
Despite current uncertainty, expectations for Bitcoin in the medium and long term remain positive. Bitcoin could reach $120,000 in the short term. Facilitated by institutional benefits and market dynamics.
The scarcity of Bitcoin, with its supply limited to 21 million units, is enhancing its appeal as a value reserve. Moreover, resistance to censorship and its indistinguishable nature become shelter in times of crisis, allowing governments to resort to extreme measures to fund the deficit.