Bitcoin (BTC) jumped back above $110,000 on Monday, erasing part of last week’s slide even as U.S. spot bitcoin ETFs posted their second-largest weekly net outflows on record ($1.2 billion).

The swift rebound, from lows near $103,700, has traders asking whether the market just completed a “controlled deleveraging” and is now basing for the next advance. Ether reclaimed $4,000 alongside broader crypto green shoots, aided by cooling trade-war headlines and growing odds of additional Fed rate cuts.

Short term, BTC is attempting to hold the $107,000–$110,000 support band. A clean break and hold above $112,000–$115,500 would strengthen the bullish case and set sights on $120,000–$123,000.

Institutions Still Bullish; Rare BTC–Gold Signals Flash “Bottom”

Despite the outflows, institutional co

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