Asia Market Update: BTC Rebounds Near $115K on ETF Flow Recovery, but Traders Stay Cautious

Bitcoin Reclaims $115K as ETF Inflows Return, But Traders Remain Cautious

Bitcoin (BTC) is showing signs of stabilization in early Asia trading, rising to just over $115,000 after a turbulent end to last week that saw over $1 billion in long liquidations and a brief dip to $113,000.

The rebound coincides with renewed institutional activity. Bitwise reported $18.74 million in net inflows, potentially reversing last Friday’s major ETF outflow—one of the worst on record. This shift has been enough to restore some confidence following a sharp three-week correction.

Friday’s decline, Bitcoin’s third straight weekly loss, was triggered by a mix of macro headwinds: disappointing U.S. jobs data and a fresh round of tariff announcements from Washington. The resulting risk-off sentiment hit both equities and digital assets. Altcoins suffered deeper losses, with SOL dropping nearly 20% on the week and ETH sliding close to 10%.

Still, not all market participants are bearish. In a Monday update, QCP Capital noted that Bitcoin’s highest-ever monthly close in July keeps the broader uptrend intact. The firm described the drop as a typical leverage flush, not a structural breakdown—comparing it to past drawdowns that eventually cleared the path for fresh accumulation.

However, traders remain wary of downside risks. On Polymarket, odds of BTC falling below $100,000 before year-end have risen to 49%, up 2 percentage points in 24 hours. This shift in sentiment highlights lingering uncertainty despite improving long-term fundamentals like stablecoin adoption, tokenization growth, and regulatory progress.

Attention now turns to the midday Hong Kong ETF flow reports, which could shape market direction through the Asia session. If inflows persist and volatility eases, it may trigger renewed buying and help restore risk appetite across crypto markets.

Market Snapshot:

BTC: Rebounding to $115K, recovering from leveraged washout
ETH: Trading near $3,700; sentiment leaning bullish for a move above $4,000 in August (per Polymarket odds)
Gold: Extends rally to a two-week high; traders now pricing in an 86% chance of a Fed rate cut in September
Nikkei 225: Opens 0.54% higher following Trump’s announcement of steeper tariffs on Indian goods
S&P 500: Snaps four-day losing streak with a 1.47% gain, its best single-day performance since May