Asia Morning Briefing: Bitcoin Retreats Under $110K With Traders Citing Exhaustion Signals

Asia Morning Briefing: Bitcoin Slips Under $110K as Bulls Pause, Eyes on Macro Risk Events

Bitcoin edged lower in early Asia trading Tuesday, falling below the $110,000 level after a weekend rally lost momentum. The pullback follows a 3.7% weekend surge, driven by short liquidations and renewed spot buying—but signs of cooling are starting to appear.

The benchmark cryptocurrency is now trading near $109,480, holding above key support at $107,600 but failing to establish a foothold above resistance at $110,500. Analysts say the market is waiting for macro clarity before committing to the next leg higher.

“The market is at an inflection point,” QCP Capital wrote in a note, highlighting low volatility and declining perpetual open interest as signs of indecision.

Ethereum hovered near $2,580 after a strong weekend performance, with investor focus shifting to institutional staking growth. Platforms like Alluvial are seeing increasing ETH deposits from funds seeking regulated exposure.

Across the board, altcoins posted mixed results. Hyperliquid (HYPR) and SUI outperformed, while meme coins and gaming tokens lagged.

Markets now turn their attention to Wednesday’s U.S. CPI data and ongoing U.S.-China trade negotiations in London. A hotter-than-expected inflation print could reignite Fed hawkishness, pressuring risk assets.

Quick Take:

BTC: $109,480 ▼ 0.6% – Slipping after weekend highs as traders take profits.
ETH: $2,582 ▲ 0.2% – Holding firm; institutional staking flows support sentiment.
Macro Focus: U.S. CPI due Wednesday; China trade talks ongoing.
Watch Levels: BTC support at $107,600; resistance at $110,500.