Bitcoin Tests Critical $107K–$110K Support as ETF Outflows and Volatility Jump

Overview

• Bitcoin slipped to roughly $106,900–$109,000 and fell below its 200-day moving average near $107,500, placing price action squarely in a key support band.
• U.S. spot Bitcoin ETFs logged $536.4 million in net outflows on Oct. 16, led by ARK and Fidelity products, removing a recent source of institutional demand.
• On-chain data show miners transferred about 51,000 BTC to Binance over the past week, signaling increased potential sell pressure from a major supply cohort.
• Option markets reflect stress with 30-day implied volatility above 50% and puts priced at a premium, while crypto liquidations topped roughly $700 million over 24 hours.
• Analysts say a decisive close above about $115,000–$117,000 would help restore bullish momentum, whereas a failure to hold current support risks a move toward $100,000.