Bitcoin Price Holds Above $90K as Spot ETFs Face $681M Outflows

The Bitcoin price has surged by a fraction of a percentage in the last 24 hours to trade slightly above $90,000 as spot Bitcoin ETFs experienced sharp outflows in the first full trading week of 2026.

According to SoSoValue, these funds shed a combined $681 million, with four consecutive days of net redemptions from Tuesday to Friday. Wednesday recorded the largest single-day outflow at $486 million, followed by $398.9 million on Thursday and $249.9 million on Friday.

Early in the week, Bitcoin ETFs had drawn inflows of $471.1 million on Jan. 2 and $697.2 million on Jan. 5, highlighting the swift reversal. Spot Ether ETFs followed a similar path, posting weekly net outflows of about $68.6 million, leaving total net assets at roughly $18.7 billion.

Spot Bitcoin ETFs weekly flows. Source: SoSoValue

The sell-off reflects broader risk-off sentiment among investors navigating uncertain macroeconomic conditions. Vincent Liu, chief investment officer at Kronos Research, cited shifting expectations around monetary policy and rising geopolitical risks as primary drivers of the pullback.

Macro Uncertainty Drives Bitcoin ETF Outflows

“With Q1 rate cuts looking less likely and geopolitical risks rising, macro conditions have turned risk-off,” Liu explained. He added that investors are closely watching upcoming U.S. Consumer Price Index data and Federal Reserve guidance, which could provide signals for easing measures and influence crypto positioning.

Despite the outflows, institutional interest in crypto remains strong. Morgan Stanley has filed with the U.S. Securities and Exchange Commission to launch two spot crypto ETFs, tracking Bitcoin and Solana, while Bank of America recently allowed wealth management advisers to recommend four Bitcoin ETFs to clients.

The week’s flows highlight the delicate balance between short-term volatility and growing institutional adoption, as investors weigh macro uncertainties against the appeal of regulated crypto investment products.

Bitcoin Price Eyes Bullish Reversal After Pullback

The Bitcoin price is currently trading around $90,512 following a recent pullback from the $94,000 resistance zone. The chart shows a clear major support area between $87,500 and $88,500, which has consistently held as a base for buyers over the past month.

The Relative Strength Index (RSI) with a 14-period setting is hovering around 44–45, indicating neutral momentum. This means Bitcoin is neither overbought nor oversold, leaving room for upward movement if buying pressure picks up.

The chart highlights a potential bullish reversal forming within the consolidation area, with technical indicators showing a curved upward trajectory pointing toward the previous resistance near $94,000. Traders are likely watching for a breakout above short-term resistance, which could confirm the continuation of the bullish trend.

BTCUSD Chart Analysis. Source: Tradingview

Repeated tests of the support zone strengthen the possibility of a strong upward move once buying pressure intensifies. Bitcoin is in an accumulation phase following a bullish breakout from prior resistance. The price is consolidating above a major support zone, while the RSI indicates room for momentum to shift upward.

If Bitcoin maintains this consolidation and manages to break above the $92,000–$93,000 range, it could trigger a resumption of the bullish trend, potentially reaching $94,000 and higher levels. On the other hand, a breakdown below the $88,000 support zone would invalidate this bullish scenario and may lead to further downside.