Bitcoin Price Eyes Recovery as ETFs Face Major Outflows

BTC Price Shows Potential for Recovery Amid ETF Outflows & CPI Data

Bitcoin price saw a 1.20% increase over the last 24 hours, reaching $109,393.65. This rise marks a brief departure from its recent downtrend, which saw a 1.25% decline over the past week and a 3.26% drop in the last 30 days. The cryptocurrency market as a whole also experienced a slight recovery, with the total market capitalization rising by 1.18%.

Bitcoin ETFs Face $101M Outflow, BlackRock’s IBIT Sees Positive Inflow

On October 22, 2025, U.S. Bitcoin ETFs experienced a significant outflow, totaling $101 million. In contrast, BlackRock's IBIT fund saw a positive influx of $73.63 million. Ethereum ETFs also faced losses, with $18.77 million in net outflows. The BlackRock ETHA, however, was the sole exception, recording an inflow of $111 million for the day.

The latest data highlights the fluctuating trends in cryptocurrency investments, with the BTC-focused ETFs struggling amid a volatile market.

Is BTC Ready to Surge? CPI Data and Trump’s Remarks Could Hold the Key

It has once again bounced back from its $106,000-$107,000 support range. The price is showing resilience, hinting at possible bullish momentum ahead.

President Donald Trump mentioned the prospect of a major deal with China, which could positively influence the market. This statement adds an optimistic outlook for the cryptocurrency world.

Tomorrow's Consumer Price Index (CPI) report could have a significant impact on BTC price action. If the CPI figure is lower than expected, it would likely provide a bullish catalyst for Bitcoin.

However, if the CPI results come in higher than anticipated, the market might face further challenges and pain ahead. Investors are eagerly watching for these economic indicators, as they could shape the next moves for BTC.

Will Bitcoin Price Break Through $113k Resistance?

BTC price is currently at $109,500, marking a slight 2% increase over the past few hours. The recent movement in Bitcoins price has been underlined by notable resistance and support levels around $113,000 and $108,000, respectively.

The Moving Average Convergence Divergence (MACD) shows a neutral to bearish tone. The MACD histogram, although less negative, remains below the signal line, indicating that momentum is not entirely bullish. The RSI (Relative Strength Index) is at 51.86, suggesting a neutral stance on BTC strength. 

Source: BTC/USD 4-hour chart:  TradingView

With the current trend forming a rising wedge pattern, the next few hours could be crucial. A sustained break above $110,000 could provide further upside momentum, targeting the $113,000 resistance zone. On the other hand, a rejection at these levels could see Bitcoin drop to $108,000 or even test lower support.