(MENAFN- The Rio Times) Bitcoin and the wider crypto market slid into the Brazil morning after a rough U.S. session in which spot-Bitcoin ETFs saw heavy net outflows-about $531 million on Thursday.

That single number tells most of the story: when money leaves the easiest gateway for institutions, prices follow. By early Friday, Bitcoin hovered around $108,000–$109,000 (down ~2%), Ethereum near $3,900 (−2% to −3%).

Solana (~$186) and XRP (~$2.33) underperformed alongside BNB and Cardano, while gold-backed tokens PAXG and XAUT rose roughly 4%–5%, echoing bullion's strength.

The story behind the story is market plumbing. ETF redemptions forced market makers to sell spot or hedge in futures. That pressure broke the $110,000 level for Bitcoin late Thursday, triggered a wave of derivative liquidations, and kept Asia and Europe on the defensive overnight.

In thin liquidity, beta-alts fell faster. Exchange data also showed a split tape underneath the majors: small caps like KGEN and ZKC surged on idiosyncratic flows, while BLESS, MORPHO, and COAI dropped double digits-reminders that rotation, not fundamentals, often drives fringe names.



What the charts say, in plain English: the 4-hour Bitcoin view shows a tired market pressing the lower Bollinger Band, MACD below its signal, and RSI in the high-30s-weak but not yet capitulating.

That sets an intraday battleground around 107,000–108,000 support and 110,000–111,000 resistance. The daily chart is more consequential: a pullback into the rising trendline near 106,000–108,000, with momentum (MACD) pointing down.

Regaining roughly 112,000–113,000 would blunt the selloff; losing ~106,000 risks a slide toward 102,000–104,000. Ethereum's setup mirrors Bitcoin's: a slip below $4,000 on the 4-hour and a need to reclaim the $4,050–$4,150 area on the daily to ease pressure.

Bottom line: this was a flow-driven move, not a change in crypto's long-term narrative. If ETF outflows cool and forced selling fades, a short base can form. If redemptions persist, the path of least resistance-per the daily trend-still points lower.

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