Bitcoin falls to $83,000 amid ETF outflows and gold rally
Bitcoin extended its decline overnight, falling more than 6% in 24 hours and briefly touching $81,000, a level last seen in November 2025. The drop brings the asset roughly 33% below its October peak of $126,000, marking one of the sharpest pullbacks of the current cycle. Market pressure intensified during Asian trading hours, with selling accelerating after key technical levels failed to hold.Selling pressure from funds and long-term holders
One of the main drivers behind the decline has been sustained capital outflows from spot Bitcoin exchange-traded funds. Over the past week, net redemptions exceeded $1.1 billion, with nearly 92% of that amount concentrated in three of the largest products. The scale and concentration of withdrawals added to concerns about institutional risk appetite in the current macro environment.At the same time, on-chain data indicates that long-term holders have been actively reducing exposure. Over the past month, approximately 143,000 BTC were sold, with the total value of these transactions estimated at around $9.5 billion. This pace of distribution is reported to be the fastest since August 2025, increasing short-term supply pressure in the market.
Capital rotation toward gold
As cryptocurrencies weakened, capital appeared to rotate into traditional safe-haven assets. Gold prices reached a new all-time high during the previous session, briefly approaching $5,600 per ounce before retreating toward the $5,200 level. The metal has gained more than 24% since the beginning of January, marking its strongest monthly performance since the 1980s.The divergence between Bitcoin and gold has drawn attention from market participants, as the two assets have often been compared as alternative stores of value. The recent move suggests a preference among investors for lower-volatility hedges amid rising geopolitical and monetary uncertainty.
Macro and geopolitical factors weigh on sentiment
Broader macroeconomic signals have also contributed to the sell-off. The US Federal Reserve kept its benchmark interest rate unchanged at 3.50–3.75% and offered no indication of near-term easing, reinforcing expectations that restrictive financial conditions may persist. This stance has continued to pressure risk assets across global markets.Geopolitical tensions added further strain, following renewed friction between the United States and Iran after public statements by former President Donald Trump regarding the possibility of military action. In parallel, newly announced tariffs on rare earth metals increased volatility in commodities and equities, spilling over into digital asset markets.
Technical outlook and accumulation signals
From a technical perspective, Bitcoin has now broken below its 100-week moving average, located near $85,000, which had supported prices over the past two months. Analysts are increasingly focused on the $75,000 area as the next key support zone, while some forecasts allow for a deeper correction toward $70,000 if selling pressure persists.Despite the broader downturn, accumulation activity has been observed among large holders. Wallets holding more than 1,000 BTC reportedly added over 100,000 coins in recent weeks, suggesting that some long-term investors are using the pullback to increase positions, even as short-term sentiment remains fragile.
The coming weeks are expected to test whether institutional demand and on-chain accumulation can offset macroeconomic headwinds and restore stability to the Bitcoin market.
Editorial Team - CoinBotLab
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