The ETFs are a positive factor in the Bitcoin price recovery.

The following are key points.

• Bitcoin “getting closer” After a dip below $109,000, the market is now headed to its local bottom.

• Coinbase Premium’s positive returns have raised hopes that the US market will recover.

• ETF flows ended Monday positively, despite BTC’s price decline.

BitcoinBTC() was up around $110,000 on Tuesday at the Wall Street opening amid signs of a cryptocurrency market recovery.

Coinbase Premium returns after $700 Million liquidation

Data from Cointelegraph Markets Pro The following are some examples of how to get started: TradingView BTC’s price fluctuation cooled after another round of losses.

Data from CoinGlass.

Bitstamp has a BTC/USD price of $108,717. This is below previous all-time records set at the beginning the year. 

Despite fears of another $100,000 or even worse support retest, certain market participants found reason to be optimistic.

“BTC is now getting closer to the bottom,” BitBull is a popular trading platform. wrote Part of the latest X Analysis. 

“There is still a chance of $106K-$108K level retest, but for now I’m expecting a bounceback.”

BitBull mentioned encouraging signals from the US where they are located. Coinbase Premium Index The market returned to positive territory Tuesday.

When green, the Index indicates a stronger US market.

“Coinbase Bitcoin Premium turned positive during bottom and long liquidations were huge. This shows that max. pain is here and a short rally is expected,” BitBull concludes.

Other traders also predicted a recovery. Mister Crypto, a fellow trader, saw a squeeze on short positions next due to an accumulation of significant short positions above $115,000 in exchange order books.

Bitcoin Analyst “uncanny” Q2 rerun

Cas Abbe is a contributor to the onchain analysis platform CryptoQuant. He suggested that this current price movement was familiar.

Related: Bitcoin drops under $109K: How low can BTC price go?

Bitcoin had acted similarly in June during a retracement, when the BTC/USD pair reached peaks of 112,000 USD before falling back to about $98,000.

“BTC chart resemblance to Q2 2025 fractal is uncanny. Similar lower-lows and a capitulation which forced everything to think ‘it’s over,'” He commented The day of the event

A chart illustrating the similarity between them is included.

The two have a lot in common previous price drawdownsEcoinometrics, a resource for analytics, has drawn attention to US Bitcoin Exchange-Traded Funds (ETFs).

“The macro uncertainty of the past few weeks is showing up directly in the flows,” You can also find out more about us here. concludedETFs are outflowing, according to the report. “pulling Bitcoin lower.”

The ETFs were still trading on Monday. achieved positive flows Data from UK investment firm shows that the total value of investments is around $220 Million Farside Investors.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.