Bitcoin slipped under $112,000 today, with traders bracing for further downside after failing to hold key support.
Analyst Michaël van de Poppe noted that the decline could reset Ethereum’s positioning, bringing ETH back to neutral and creating what he described as a “massive opportunity” for the market.
According to van de Poppe’s chart, liquidity levels around $110,000–$108,000 may be tested next if selling pressure continues. Historically, similar retracements have provided attractive entry points before a rebound.
Ethereum’s potential reset is also in focus, as neutral territory could encourage new inflows into altcoins.
A flush toward lower levels may trigger fresh accumulation phases for both Bitcoin and Ethereum ahead of September’s trading cycle.
With volatility heating up, traders are closely watching whether the correction deepens – or sets up the next major rally.
Spot Bitcoin ETFs recorded $219 million in inflows on August 28, ending a six-day streak of outflows that had totaled $1.37 billion. Fidelity’s FBTC led the rebound with $65 million in inflows, though BlackRock’s IBIT saw softer demand.
Analysts say the moves highlight profit rotation among institutions after Bitcoin’s 84% year-to-date rally. ETF assets under management slipped to $145 billion, down from the $151 billion peak in July, reflecting cautious repositioning despite renewed inflows.
