Bitcoin Rebounds Above $104,300 as Tariff Volatility Triggers Nearly $1 Billion in Liquidations
BTC rebounded after a sharp drop due to US tariff news, with strong trading volume support near $103,000, and new institutional buying helping to stabilize the market.
Bitcoin experienced a significant pullback, dropping from $105,875 to a low of $103,156, with a fluctuation of $2,719 (2.57%).
The US spot Bitcoin ETF recorded net outflows of $358.6 million on Thursday, ending a 10-day streak of net inflows (totaling $4.26 billion).
As Bitcoin recovers from its recent pullback, global economic tensions and trade policy uncertainties continue to impact the cryptocurrency market.
Despite the pullback, institutional interest remains strong, with companies like Strategy (formerly MicroStrategy) and GameStop continuing to accumulate BTC as corporate reserves.
Technical Analysis Highlights
According to CoinDesk Research's technical analysis data model, the past 24 hours showed a clear bottoming formation, with strong trading volume support in the $103,200-$103,400 range, and continuous buyer participation.
After breaking through the $104,000 resistance level, recovery momentum strengthened, with increased trading volume confirming buyer confidence.
This technical structure suggests that the pullback may have completed, with prices establishing a new support base, laying the groundwork for continuing the overall upward trend.
In the last hour, Bitcoin showed a significant recovery, climbing from $104,146 to $104,303, with strong bullish momentum emerging at 14:01.
Significantly expanded trading volume (429 BTC traded) drove the price from $104,188 to $104,323.
Breaking through the previous price range of $104,077-$104,263, a clear consolidation pattern formed, with key support established in the $104,080-$104,090 zone.
