As October 11, 2025 rolls around, the Bitcoin market has hit a sudden rough patch that's caught everyone off guard. It's now trading around $113,000, down more than 10% in the past 24 hours a drop that's triggered over $5 billion in liquidations. Fingers are pointing to escalating US-China trade tensions, pushing investors toward safer havens. But is this just a brief hiccup, or a sign of deeper cracks in the fundamentals? Let's take a closer look and unpack what's really going on. Despite the short-term chaos, Bitcoin ETF inflows remain a cornerstone of strength. October has already seen over $5.95 billion in fresh capital pour in a record that underscores steady institutional faith. BlackRock, for one, added $74.2 million on October 11, sending a positive vibe. That said, the previous day (October 10) flipped to a $4.5 million net outflow, highlighting the market's mood swings. These flows have shifted Bitcoin from a speculative play to something more like gold in big portfolios, though it's still twitchy on macro news. Some analysts figure this record could act as a buffer against external shocks. On the on-chain front, metrics are holding up pretty solidly. The network's hash rate is at all-time highs, locking in security, and monthly transaction volumes are climbing even boosted by those recent liquidations that ramped up activity. Post-2024 halving, new supply is throttled, with about 20 million BTC in circulation and top addresses hoarding 14-15%. That concentration's a bit eyebrow-raising, sure, but it screams long-term holding. The Mayer Multiple indicator even hints at $180,000 down the line, aligning with current demand vibes. Still, in this tension, suspicious volume spikes suggest some panic selling's in the mix. The regulatory picture, as ever, is a mixed bag. In the US, the SEC's eyeing innovation exemptions, and the GENIUS Act for stablecoins is gaining traction, which could smooth adoption paths. Senator Lummis is pushing Bitcoin tax breaks too. Globally, Dubai's VARA slapped fines on unlicensed ops, and Europe's MiCA is bringing more order. These steps toughen Bitcoin against local pitfalls, but the current trade spat like ramping tariff wars might stall momentum. Notably, even here, Bitcoin's played hedge role, just not as bulletproof as gold. Turning to recent price action, Bitcoin peaked at an ATH of $126,293 earlier this month, but it's consolidating below $115,000 now. Key support sits at $110,000; a break there eyes $100,000 next. High volumes point to lingering interest, and RSI's nearing oversold territory, which could flag a buy signal. Pundits peg $131,500 as a month-end target if tensions cool a potential 16% ROI from here. Macro-wise, tamed inflation and Fed rate cuts set a favorable backdrop, but geopolitical jitters are calling the shots. Bitcoin's four-year cycle might be adapting, with institutional sway dialing down volatility daily swings hit 1.8% before this tumble. On October 11, 2025, it's facing a real stress test. Wrapping up, Bitcoin's fundamentals on October 11, 2025, paint a picture of resilience. Record ETFs and robust on-chain data keep the long-term upside alive, even as trade tensions cloud the near term. For traders, it's about patience watch $110,000 for entries, and diversify to trim risks. Bitcoin's always bounced back; maybe this time's no different.