Bitcoin Slides Below $112,000 As Ethereum, XRP, Dogecoin Drop Over 3% On Early Tuesday

Bitcoin is back below $112,000 as rising spot BTC and ETH ETF outflows, combined with growing liquidations, drag the broader crypto market down 4.2% early Tuesday.

Spot Bitcoin ETFs saw $326.5 million in outflows, while Ethereum ETFs recorded a larger exit of $428.5 million.

Over the past 24 hours, around 223,291 traders were liquidated, totaling $716.72 million.

Standard Correction Ahead Of Clear New Trend

Bitcoin remains range-bound between $107,000 and $117,000.

A breakout above $117,000 potentially signals a new all-time high, while a drop below $107,000 risks bearish momentum, according to Daan Crypto Trades.

Michael van de …

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