Bitcoin Remains Below $115,000 as Altcoins Struggle Amid Market Uncertainty

Bitcoin (BTC) remains below $115,000 after a weekend drop of nearly $6,000, leading to over $1 billion in liquidations of leveraged long positions. Current trading is around $114,200.

Ether (ETH) recovered to approximately $3,650 after dipping below $3,550, supported by institutional interest. Key points include:

Altcoins struggle; Solana (SOL) down nearly 20% and XRP stagnant near $3
Recent U.S. jobs report weaker than expected, increasing market caution
Significant outflows from Bitcoin and Ether spot ETFs noted on Friday
QCP Capital suggests that the market structure is still bullish despite current drawdowns
Interest in BTC options markets indicates some anticipation for a rebound

Traders are monitoring ETF flow data closely. A recovery above $115,000 could shift sentiment positively, while continued outflows may lead to further de-risking in markets.