- Bitcoin, Ethereum, and XRP are showing signs of weakness amid declining trading volumes, cautious sentiment, and bearish technical signals.
- Despite rising institutional ETF inflows, prices continue to falter as bulls lose momentum across the crypto market.
Bitcoin Slips Below $108K Amid Weak Volume and Cautious Sentiment
Bitcoin (BTC) is once again in retreat mode, falling to around $107,399 as of Thursday, following a failed attempt to hold above the psychological $110,000 level. Despite hitting highs near $111,980 earlier this week, a combination of declining funding rates, lower open interest in futures, and soft trading volume have rattled bullish momentum. According to K33 Research, the market is growing increasingly defensive, with funding rates dropping to levels last seen near market bottoms.
Institutional inflows via spot ETFs remain steady, with BlackRock’s IBIT pulling in $131 million on Wednesday. However, overall inflows shrank to $165 million from Tuesday’s $431 million, reflecting waning retail enthusiasm. With open interest dropping from $80 billion to $74 billion and RSI sliding toward neutral territory, the path forward for Bitcoin could involve more downside — potentially testing support near $106,000 or even the 50-day EMA at $102,472.
Also read: Tron Leads USDT Surge in 2025 as Whale Activity Boosts Stablecoin Dominance
Ethereum’s Uptrend Falters Despite ETF Strength
Ethereum (ETH) is also flashing warning signs. Trading at $2,747, ETH is down 4.6% from its weekly high, despite robust ETF inflows that surged to $240 million on Wednesday. While institutional appetite continues to grow, it hasn’t translated into price stability.
Technical indicators paint a cautious picture. The RSI is flattening, and the MACD has confirmed a bearish crossover. Ethereum is now eyeing critical support zones at $2,646, $2,597, and $2,488, which could come into play if selling pressure intensifies.
XRP Struggles as Bears Eye the 200-Day Support
XRP is faring no better, with prices subdued below key moving averages. Now trading around $2.09, XRP is facing a bearish MACD crossover, and red histogram bars suggest continued downward momentum. Immediate resistance sits between $2.25 and $2.26, with any upward attempt likely to be capped by the 200-period EMA.
Despite growing institutional adoption, XRP has yet to reflect that in price action, making it a prime target for bears aiming at the 200-day support level.
With momentum fading and risk appetite cooling, Bitcoin, Ethereum, and XRP could face deeper corrections unless bulls reclaim key technical levels. Until then, traders may want to stay cautious and watch for signals confirming a broader market reversal.