Bitcoin’s long-term price outlook remains technically constructive despite Monday’s sharp reversal, according to some analysts, as durable ETF flows offset short-term volatility.
The top crypto has stabilized around $92,000 and has remained little changed over 24 hours, according to CoinGecko data. The recovery follows Monday’s sell-off, driven by escalating U.S.-Europe trade tensions that resulted in over $865 million in liquidations.
“The market recovered relatively quickly with Bitcoin finding its feet in this range, suggesting a strong underlying bid and that much of this macro noise is priced,” according to a Tuesday report from digital assets investment firm ZeroCap.
The firm’s analysts likened the current setup to an “early-stage risk-on rotation,” noting that strong structural flows from spot Bitcoin exchange-traded funds are proving more durable than short-term positioning.
While last week’s ETF netflows reached the highest level in three months, other analysts are still uncertain.
Sean Dawson, head of research at on-chain options platform Derive, also expressed caution to Decrypt.
“I think short-term volatility will dominate,” Dawson said, pointing to the 25-delta skew trend lower as evidence that investors are increasingly buying puts for downside protection.
High volatility norm
Still, investors need to keep a close eye on three macroeconomic and geopolitical catalysts that could sustain high volatility in crypto and broader financial markets.
Those include the escalating U.S.-Europe trade dispute over Greenland, the delayed regulatory clarity from the CLARITY Act, and the pending Supreme Court ruling on the legality of President Donald Trump’s global tariff policy.
The Greenland dispute intensified Monday when President Trump sent a text message to Norwegian Prime Minister Jonas Gahr Støre.
Støre confirmed the exchange, stating he and Finland’s president had messaged Trump urging de-escalation. The prime minister reaffirmed Norway’s position that Greenland belongs to Denmark and reaffirmed support for NATO, which he said is “taking steps” to bolster security in the Arctic.
“As regards the Nobel Peace Prize, I have clearly explained, including to President Trump, what is well known, the prize is awarded by an independent Nobel Committee, and not the Norwegian Government,' Støre said.
Trump has repeatedly argued he deserves the Nobel Peace Prize for his foreign-policy efforts, openly expressing frustration over the award’s refusal to recognize his role in past diplomatic agreements.
As a result, the president has stepped up his push in recent weeks to assert U.S. control over Greenland, a semi-autonomous Danish territory, saying Washington would take the Arctic island “one way or the other.”
He also threatened to impose tariffs of up to 25% on imports from several European countries from February 1 unless they dropped their objections.
“Historically, tariff threats and retaliatory measures have created significant headwinds for digital and other risk assets,” Farzam Ehsani, CEO of crypto trading platform VALR, told Decrypt in a statement. “The market is now pricing in the possibility that prolonged escalations could disrupt previous trade agreements, strain international relations, and further pressure risk assets. Early signs of on-chain stabilization have not offset the macro headwinds facing digital assets.”
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