Bitcoin spot exchange-traded funds have experienced steep outflows over four trading days, losing a combined total of $1.62 billion.

The exit has raised a question on whether hedge funds are withdrawing their Bitcoin exposure as the market conditions change.

The withdrawals occur as Bitcoin fails to regain momentum around critical price points, while a once-popular institutional arbitrage strategy steadily loses its appeal.

BlackRock’s IBIT Leads Bitcoin ETF Outflows as BTC Slips Below $90K

As of January 22, 2026, US-listed spot Bitcoin ETFs recorded net daily outflows of $32.11 million, extending a streak of redemptions that peaked at $708.71 million on January 21, following $483.38 million on January 20, Sosovalue data shows.

In the last one week, net outflows amounted to 1.22 billion.

Trading activity stayed strong on January 22, with Bitcoin spot ETFs recording $3.30 billion in volume, even as assets under management dipped to $115.99 billion, about 6.49% of Bitcoin’s market cap.

BlackRock’s iShares Bitcoin Trust led daily outflows, with $22.35 million redeemed, equivalent to roughly 249.5 BTC.

Despite the withdrawal, IBIT remains the dominant product, holding $69.84 billion in assets and nearly 4% of the Bitcoin supply represented in ETFs.

Fidelity’s FBTC followed with $9.76 million in outflows, while Grayscale’s GBTC reported flat daily flows but remains deeply negative overall, with $25.58 billion in cumulative net outflows as investors continue rotating away from its higher 1.5% fee.

Other issuers, including Bitwise, Ark and 21Shares, VanEck, Invesco, Valkyrie, Franklin, and WisdomTree, recorded largely unchanged flows, showing a pause rather than broad panic selling.

The ETF pullback has unfolded alongside weakness in Bitcoin’s price.

BTC was trading around $89,982 on January 22, down 1.3% on the day and nearly 5% over the past week, after briefly dipping to $88,600.

Trading volume has also cooled, falling nearly 28% to $37.77 billion, a sign that market participation is thinning as prices consolidate below $90,000.

Compressed Yields Trigger Hedge Fund Exit From Bitcoin ETFs

Market observers point to hedge fund positioning as a key driver behind the ETF outflows.

Amberdata shows that yields on the Bitcoin basis trade, a strategy that buys spot Bitcoin via ETFs while selling futures to capture price spreads, have dropped below 5%, down from around 17% a year ago.

As returns compress and approach the yield available on short-dated US Treasuries, fast-moving capital has less incentive to stay deployed.

Analyst noted that while hedge funds likely represent only 10% to 20% of ETF holders, their activity can overwhelm flows in the short term when the trade stops working.

Bloomberg data shows that the unwind is visible in derivatives markets as well.

Bitcoin futures open interest on Chicago Mercantile Exchange (CME) has fallen below Binance’s for the first time since 2023, showing reduced participation in cash-and-carry trades by US institutions after ETFs launched there.

One-month annualized basis yields now hover near 4.7%, barely clearing funding and execution costs, as spreads tighten and arbitrage opportunities fade.

CryptoQuant indicators show apparent demand turning negative, whale and dolphin wallets shifting from accumulation to distribution.

Also, the Coinbase premium remained deeply negative, suggesting weaker appetite from US institutions.

At the same time, leverage in Bitcoin futures has climbed to its highest level since November, increasing the market’s sensitivity to sharp moves in either direction.

Flows in other crypto ETFs underline that the sell-off is not uniform.

Ethereum spot ETFs also recorded heavy outflows this week, including $41.98 million on January 22, while XRP and Solana-linked products saw modest inflows, pointing to selective institutional repositioning rather than a wholesale exit from digital assets.

The post Bitcoin ETFs Bleed $1.62B in Four Days — Are Hedge Funds Dumping BTC? appeared first on Cryptonews.

Bitcoin Magazine

Nasdaq Moves to Remove Position Limits on Bitcoin ETF Options

Nasdaq has filed a rule change with the U.S. Securities and Exchange Commission seeking to remove position and exercise limits on options tied to spot Bitcoin exchange-traded funds, a move that would further integrate crypto-linked products into traditional derivatives markets.

The proposal, originally filed on Jan. 7 and made effective this week on the 21st, eliminates the current 25,000-contract cap on options linked to Bitcoin and Ethereum ETFs listed on Nasdaq. 

Affected products include funds from BlackRock, Fidelity, Grayscale, Bitwise, ARK/21Shares and VanEck, according to the filing.

The SEC waived its standard 30-day waiting period, allowing the rule change to take effect immediately, while retaining the authority to suspend it within 60 days if further review is deemed necessary. 

A public comment period is now open, with a final SEC determination expected by late February unless the rule is paused.

Nasdaq argued that lifting the limits would allow crypto ETF options to be treated “in the same manner as all other options that qualify for listing,” eliminating what it described as unequal treatment without undermining investor protections. 

The exchange said the change would support market efficiency while maintaining safeguards against manipulation and excessive risk.

Options are derivative contracts that give traders the right, but not the obligation, to buy or sell an asset at a predetermined price before a set expiration date. Position and exercise limits are typically imposed to prevent concentrated positions that could amplify volatility or destabilize markets.

The filing builds on Nasdaq’s approval in late 2025 to list options on single-asset crypto ETFs as commodity-based trusts. While that decision allowed Bitcoin and Ethereum ETF options to trade on the exchange, existing position limits remained in place.

Nasdaq has steadily expanded its involvement in crypto markets in recent years. 

Nasdaq’s bitcoin and digital asset push

In November, the exchange filed a separate proposal to raise position limits on options tied to BlackRock’s iShares Bitcoin Trust (IBIT) to as much as one million contracts, citing growing institutional demand and increased use of options for hedging strategies.

The exchange has also pushed into crypto indexing and tokenization. In January, Nasdaq and CME Group announced plans to unify their crypto benchmarks under the Nasdaq-CME Crypto Index, which tracks major digital assets including Bitcoin, Ether, XRP, Solana, Cardano and Avalanche.

If approved permanently, the latest rule change would mark another step toward normalizing Bitcoin derivatives within U.S. regulated markets, further blurring the line between traditional financial instruments and crypto-native assets.

This post Nasdaq Moves to Remove Position Limits on Bitcoin ETF Options first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

U.S.-listed spot Bitcoin and Ethereum exchange-traded funds saw over $1 billion in outflow in a single trading day on January 21, as investors moved out of the two largest cryptocurrencies during a broader market downturn.

Meanwhile, smaller altcoin-linked products linked to Solana and XRP experienced net inflows, which points to an apparent institutional positioning difference during the most recent volatility.

According to SoSoValue, on January 21(ET), Bitcoin spot ETFs saw a total net outflow of $709 million yesterday, marking three consecutive days of net outflows, while Ethereum spot ETFs recorded a total net outflow of $298 million. Meanwhile, Solana spot ETFs saw a total net… pic.twitter.com/rQZrHfM8LK

— Wu Blockchain (@WuBlockchain) January 22, 2026

Bitcoin and Ethereum ETFs recorded more than $1 billion in withdrawals, despite both asset classes recording positive cumulative inflows since inception.

Bitcoin ETFs Post November-High Redemptions During Global Market Rally

Bloomberg reported that outflows from Bitcoin ETFs were the biggest one-day redemption since November, and came at a time when the conventional risk assets reversed against calmer geopolitical tensions.

The remarks by U.S. President Donald Trump at Davos, where he dismissed military action over Greenland and indicated a halt to tariffs imposed on Europe, contributed to the boost in equities in the U.S., Europe, and Asia.

The iShares Bitcoin Trust at BlackRock recorded the highest outflow of $356.64 million, with Fidelity’s FBTC in second place at $287.67 million. Grayscale’s GBTC still experienced smaller yet steady redemptions and has had a total cumulative net outflow of over $25 billion since conversion.

The HODL was the only big Bitcoin ETF that recorded a net inflow, which was $6.35 million.

Bitcoin ETFs have already registered weekly net outflows of $1.19 billion, while January remains slightly positive overall, with net inflows of $17.56 million.

At the time of writing, Bitcoin was trading at approximately $89,100, a loss of almost 7% over the past week, and the trading volume was decreasing, indicating a low level of activity in the short term.

Selling Pressure Hits Ethereum ETFs, Led by BlackRock’s ETHA

Ethereum ETFs mirrored the pressure seen in Bitcoin. On January 21, spot Ether ETFs posted net outflows of $297.51 million, following another heavy outflow the previous day.

BlackRock’s ETHA accounted for the bulk of the redemptions, shedding more than $250 million, while Fidelity’s FETH and Grayscale’s ETHE also saw net withdrawals. Grayscale’s lower-fee ETH mini trust was a notable exception, recording a modest inflow.

Despite the outflows, Ethereum ETFs still managed close to $18.3 billion in assets, roughly 5% of Ethereum’s market capitalization.

Ethereum itself briefly reclaimed the $3,000 level before slipping back, trading near $2,900, and was down nearly 13% over the past week.

Capital Shifts to Solana and XRP ETFs Amid Broader ETF Selloff

In contrast to the sell-off in Bitcoin and Ethereum products, Solana and XRP spot ETFs attracted fresh capital. Solana ETFs recorded net inflows of $2.92 million on January 21, lifting cumulative inflows to nearly $870 million.

Assets under management rose to about $1.10 billion, supported by steady interest in products from Fidelity, VanEck, and Grayscale, even as SOL’s price fell more than 11% on the week.

XRP ETFs also rebounded, posting $7.16 million in net inflows after starting the week with outflows. Cumulative inflows since launch now stand at $1.23 billion, with total assets around $1.39 billion.

Funds from Bitwise, Franklin Templeton, and Canary Capital led the day’s inflows, despite XRP trading lower alongside the broader market.

Market watchers said the divergence reflected positioning, not fundamentals, with Bitcoin and Ethereum ETFs reacting to macro-driven rebalancing, while smaller Solana and XRP funds drew selective inflows after earlier declines.

The post Bitcoin & Ethereum ETFs Shed Over $1B – But Solana and XRP See Inflows appeared first on Cryptonews.

Spot Bitcoin ETFs (exchange-traded funds) in the United States have had a relatively positive start to the new year after a wobbly ending to 2025. In this spirit of market positivity, the crypto-linked investment products have just recorded their best weekly performance since early October.

This latest weekly inflow of capital signals the return of demand among the US institutional investors, with the price of Bitcoin also reacting positively in the same period. Over the past week, the premier cryptocurrency saw the return of bullish momentum, surging to as high as $97,500.

Bitcoin ETFs Record $1.42B In Weekly Inflows

According to the latest market data, the US spot Bitcoin ETFs registered a total net inflow of $1.42 billion in the past week. As earlier mentioned, this round of capital influx marked the strongest weekly performance by the crypto-linked investment products in nearly three months.

This $1.42 billion weekly performance also stands in stark contrast to the Bitcoin ETFs’ previous week record of over $681 million in withdrawals. Before this renewed investor attention, the BTC exchange-traded funds had pulled in approximately $1.26 billion in capital since the week ending 17th October, 2025.

On Friday, January 16, though, the US-based Bitcoin ETFs saw a total of $394.64 million in net outflow, ending a mini 4-day streak of capital influx. Leading the outflows was Fidelity Wise Origin Bitcoin Fund (FBTC), with $205.22 million of value withdrawn  on the day.

This was followed by Bitwise Bitcoin ETF (BITB), which posted a total net outflow of $90.38 million on Friday. Ark 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust (GBTC) were the only other exchange-traded funds that recorded a negative daily net outflow ($69.42 million and $44.76 million, respectively) to close the week.

It is worth mentioning that BlackRock’s iShares Bitcoin Trust (IBIT) tried absorbing some of the shock from the withdrawals with its lone $15.09 million inflow on Friday. This daily performance added to the leading ETF’s weekly $1-billion positive inflow performance.

Similar to the Bitcoin ETFs, Ether exchange-traded funds also saw positive activity over the past week, including its largest single-day performance since launch. According to data from SoSoValue, the ETH ETFs recorded nearly $480 million in positive capital inflows over the past week.

Bitcoin Price At A Glance

As inferred earlier, the BTC price and Bitcoin ETFs moved in tandem over the past week, as demand seemingly returned to the market. While the flagship cryptocurrency had crossed the $97,000 mark earlier in the previous week, it is now trading slightly above the $95,000 level following a minor dip in recent days.

Binance founder Changpeng Zhao (CZ) believes that the Bitcoin price could still reach $200,000. This bullish prediction comes after the cryptocurrency has seen years of strong performance, climbing past $126,000 and setting a new all-time high in 2025. With ETFs driving demand, whales accumulating, and global adoption steadily rising, a surge to $200,000 seems inevitable for the crypto founder. 

Binance Founder Predicts Bitcoin Price Could Hit $200,000

Bitcoin spent the past few years in a major uptrend, reaching multiple ATHs after the launch of Spot Bitcoin ETFs in January 2024. Following this, adoption and demand for the cryptocurrency skyrocketed, and for months, its price continued to appreciate with minimal pullbacks. 

In 2025, Bitcoin hit a peak above $126,000. While many anticipated this achievement, some raised doubts, especially critics like Peter Schiff. Against this backdrop, the recent statement by CZ foresees another significant milestone for BTC that some analysts still believe won’t happen, at least not for another couple of years. 

Although Bitcoin has since shed a significant portion of its gains since its peak, the Binance founder has boldly stated that BTC reaching $200,000 is “the most obvious thing in the world.” He emphasized that it was only a matter of time before the Bitcoin price rises to this level, representing almost double its current ATH. While CZ acknowledged that the exact timing of the projected rally remains uncertain, his confidence in Bitcoin’s long-term outlook remains unwavering.

Notably, CZ’s bullish prediction for Bitcoin comes as the US regulatory landscape continues to evolve, aiming to create a safer, potentially bullish environment for digital assets. With bills like the CLARITY Act under consideration, the crypto market could benefit from clearer guidelines, increased institutional adoption, and greater investor confidence. Although the bill was initially scheduled for a vote by the US Senate Banking Committee on January 15, the decision was ultimately delayed, leaving the timeline for regulatory clarity uncertain.

Related Reading: Why The $2.9 Billion Bitcoin Whale Buy Could Spell Doom For The Market

In addition to his bullish Bitcoin forecast, CZ has also predicted that a crypto “Super Cycle” could be approaching. The Binance founder pointed to recent developments involving the US Securities and Exchange Commission (SEC) as a key factor behind his optimism. He highlighted a report on X, revealing that the SEC had officially removed crypto from its 2026 priority risk list, a move that could provide the industry with greater regulatory relief and create more room for future bullish growth. 

Analyst Forecasts $200,000 BTC In 2026

Sharing a similar outlook to CZ, a popular crypto analyst, Rekt Fencer, who has over 336,000 followers on X, has also predicted that Bitcoin could surge to $200,000. Despite the broader crypto market still recovering from a prolonged bear market, the analyst remains confident in BTC’s near-term prospects, noting that the cryptocurrency could replicate its explosive growth seen during the 2020 bull cycle. 

Unlike CZ, who has not provided a specific timeline for his $200,000 forecast, Rekt Fencer believes that BTC could hit this level before the end of 2026. His price chart even points to a potential target of $240,000, which he suggests Bitcoin could reach without major dumps. 

Crypto analyst TARA has predicted that the Bitcoin price will still rally despite bearish signals that have surfaced. She highlighted why the flagship crypto could reach this level and what could happen once it touches the price target. 

Analyst Predicts Bitcoin Price Surge To $99,000

In an X post, TARA opined that the Bitcoin price will reach $99,300, even though the flagship crypto is printing a bearish candlestick. She stated that BTC wants to touch this price target before it retraces deeper so that the correction does not break the critical support at $90,000. The analyst added that retracement levels for BTC will continue to be adjusted, with the new 2026 high above $97,000, while revealing subwaves on the way to the full target at $103,000. 

Notably, crypto traders are currently betting on the Bitcoin price rallying past the $99,000 level and reaching the psychological $100,000 level. Polymarket data shows a 48% chance that BTC will rally to $100,000 this month. This follows the flagship crypto’s recent rally from around $92,000 to above $97,000 following the release of the soft CPI inflation data earlier this week. 

The spot Bitcoin ETFs have also contributed to the Bitcoin price surge to start the year. In an X post, Bloomberg analyst Eric Balchunas highlighted that ETFs recorded net inflows of $843 million on January 14 and now boast 1-week net inflows of $1 billion and $1.5 billion year-to-date (YTD). With BTC rallying to $97,000 after trading sideways towards the end of last year, Balchunas opined that the buyers may have exhausted the sellers. 

Arthur Hayes Predicts Bitcoin Rally On Rising Liquidity

In his latest blog post, BitMEX co-founder Arthur Hayes predicted that the Bitcoin price could sustain this rally as dollar liquidity rapidly increases. Hayes expects dollar liquidity to increase as U.S. President Donald Trump finds more ways to inject liquidity into the economy. The BitMEX co-founder highlighted how Trump plans to lower mortgage rates, which could cause Americans to borrow more.  

Hayes also mentioned that the liquidity in 2025 didn’t support crypto portfolios, which is why the Bitcoin price underperformed. He urged market participants not to draw wrong conclusions from the 2025 underperformance, as it was always a liquidity story rather than a cyclical bear market, as some analysts suggested. 

More liquidity could also flow into the market as Trump nominates a rate-cut advocate to replace Fed Chair Jerome Powell. This could lead to larger rate cuts, which would be bullish for the Bitcoin price and the broader crypto market. 

At the time of writing, the Bitcoin price is trading at around $95,300, down in the last 24 hours, according to data from CoinMarketCap.

According to analysts at JPMorgan, crypto-focused exchange-traded funds (ETFs), particularly for Bitcoin (BTC), are expected to see inflows in 2026 that will far exceed those from 2025. 

Led by Nikolaos Panigirtzoglou, the analysis highlights a significant trend where capital flowing into the crypto market through ETFs reached a record high of $130 billion last year, driven by a growing interest in digital asset treasuries (DATs).

DAT Companies Lead Crypto Inflows In 2025

Panigirtzoglou explained that the inflows observed in 2025 were largely attributed to Bitcoin and Ethereum (ETH) ETFs, which the analyst suggests were primarily fueled by retail investors, as well as Bitcoin acquisitions by DAT companies. 

In contrast, participation from institutional investors and hedge funds, as indicated by the buying activity in Bitcoin and Ethereum Chicago Mercantile Exchange (CME) futures, appeared to have declined compared to 2024. 

The analysts noted that over half of the total digital asset inflows in 2025, approximately $68 billion, came from DAT companies. Another $23 billion was attributed to formal strategies, marking a slight increase from $22 billion in Bitcoin buying from the previous year. 

Notably, other DATs acquired about $45 billion in digital assets, a significant rise from just $8 billion in 2024. However, most of these purchases occurred earlier in the year, and by October, the momentum in crypto buying from DATs had markedly decreased.

Crypto venture capital funding also contributed to the overall capital flows, though this area remained substantially lower than the peaks experienced in 2021 and 2022. 

While total crypto venture capital funding saw a modest increase in 2025 compared to 2024, the number of deals declined sharply, and investment activity became increasingly concentrated in later-stage funding rounds. 

JPMorgan further suggested that this muted growth in venture funding was, in part, due to the increasing allocation of capital toward DATs. Funds that might have otherwise been directed to early-stage startups were increasingly diverted toward treasury strategies that provide immediate liquidity.

Regulatory Changes Anticipated To Boost Institutional Interest 

Looking forward, the analysts expect a rebound in institutional crypto flows in 2026, which could be spurred by the anticipated passage of additional regulatory measures, such as the Crypto Market Structure Bill (CLARITY Act) in the US. 

This anticipated legislation is expected to further entrench institutional adoption of digital assets, along with renewed institutional engagement in areas like venture capital funding, mergers and acquisitions, and initial public offerings (IPOs). 

However, the expected markup of this bill has been delayed late on Wednesday, as crypto industry leaders, including the cryptocurrency exchange Coinbase (COIN), have withdrawn their support for the legislation. 

This is attributed to issues related to key provisions, which the firm’s CEO, Brian Armstrong, has described as making this version “materially worse than the current status quo”.

At the time of writing, the market’s leading cryptocurrency, Bitcoin, was trading at $96,050, having recorded gains of 10% over the previous fourteen days, as broader inflows have already returned to the market since the beginning of the year. 

Featured image from DALL-E, chart from TradingView.com 

21Shares is set to launch its Dogecoin ETF after gaining approval from the U.S. Securities and Exchange Commission (SEC) and Nasdaq. This is expected to provide some bullish momentum for the meme coin even as DOGE funds see muted interest from institutional investors. 

21Shares To Launch Dogecoin ETF After Filing Final Prospectus

Crypto ETF issuer 21Shares has filed the prospectus for its Dogecoin ETF, signaling plans to launch this fund this week. However, the asset manager has yet to announce a specific launch date. This will be the third spot DOGE fund to launch after Grayscale and Bitwise’s DOGE ETF, which launched last year. 

21Shares Dogecoin ETF will launch on the Nasdaq under the ticker ‘TDOG.’ Crypto exchange Coinbase is listed among the Trust’s custodians alongside BitGo and Anchorage. Meanwhile, the fund will offer in-kind creations and redemptions, similar to other existing spot crypto ETFs. 21shares will charge a 0.50% management fee for the fund. 

The Dogecoin ETF will be 21Shares’ fifth spot U.S. crypto ETF, as the asset manager already offers Bitcoin, Ethereum, Solana, and XRP ETFs. The DOGE fund’s launch is bullish for the foremost meme coin as it could attract more institutional flows into its ecosystem. However, it is worth noting that the other existing spot U.S. DOGE funds have only seen moderate demand so far. 

SoSoValue data shows that the inflows into these Dogecoin ETFs have been minimal, with these funds currently boasting net assets of just under $10 million, which is less than 1% of the meme coin’s market cap. They have also mostly recorded zero-flow days since launching, with most inflow days below $1 million. However, it is worth noting that these funds saw greater demand at the start of the year, when DOGE rose to around $0.15. As such, they could attract more inflows as the market recovers. 

A Generational Buying Opportunity

Crypto analyst Hokage described the current DOGE price level as a generational buying opportunity amid the imminent launch of the Dogecoin ETF. This came as the analyst remarked that while the short-term is extremely hard to figure out, the long-term support will eventually get hit. His accompanying chart showed that the leading meme coin could rally to as high as $1.6 in the long term. 

The crypto analyst highlighted the potential integration of Dogecoin into Elon Musk’s X as one catalyst that could spark this run. He opined that the meme coin will eventually get integrated into X as a payment and tips feature. Hokage added that it is just a matter of time and not if. 

Related Reading: Dogecoin Is Breakout Ready: Analyst Shows Major Target For The Meme Coin King

At the time of writing, the Dogecoin price is trading at around $0.137, down over 2% in the last 24 hours, according to data from CoinMarketCap.

• Bitcoin currently trades in a tight range near $90K amid a 3-day streak of ETF outflows.
• The current market consolidation mirrors pre‑2025 surge patterns with low volatility.
• The key levels to watch include the support at $90K, the immediate resistance at $95K, and $100k in case of a breakout.

Bitcoin (BTC) price has remained stuck in a narrow trading range around $90,000.

The cryptocurrency is showing signs of consolidation after a volatile start to 2026.

Bitcoin ETF flows and macroeconomic uncertainties are playing a key role in the price movement.

Bitcoin ETF outflows weigh on BTC price

In early January, Bitcoin spot ETFs initially attracted strong inflows, signalling renewed institutional interest.

However, a three-day streak of outflows totalling over $1 billion has nearly erased those gains.

This shift indicates waning conviction among institutional investors.

The outflows have contributed to Bitcoin’s inability to break above $95,000.

Traders are cautious as geopolitical tensions between the USA, Latin American countries and Iran, and broader risk-off sentiment, weigh on the market.

ETF redemption patterns are currently a major driver of near-term price behaviour.

These flows may represent tactical rotation rather than long-term liquidation.

Investors could be reallocating capital to other assets while maintaining exposure to Bitcoin.

Nonetheless, the short-term pressure has kept BTC trading in a tight range between roughly $88,000 and $95,000.

Echoes of pre‑2025 rally patterns

Bitcoin’s current sideways trading resembles the consolidation phase before its 2025 rally.

In the months leading up to the surge, BTC spent nearly 50 days in a narrow range, a phenomenon called time-based capitulation.

This period allowed weak hands to exit and set the stage for a powerful upward move.

The current market consolidation mirrors that pattern, suggesting the market may be quietly building momentum.

Unlike traditional capitulation, this phase does not involve panic selling or sharp drops.

Instead, low volatility and a steady range characterise this pre-rally accumulation period.

Some analysts see this as a signal that Bitcoin could be preparing for a significant breakout.

The ETF outflows and geopolitical pressures may simply be temporary obstacles.

If history repeats, a sustained push above resistance could trigger renewed bullish momentum.

The key Bitcoin price levels to watch

One of the key price levels to watch out for is the key support that remains near $90,000.

A break below this support could open the door to further declines toward $86,000–$88,000.

However, a sustained move above $95,000 would signal renewed institutional buying and potential acceleration.

If Bitcoin overcomes $100,000, the market could revisit mid‑2025 highs and even target $110,000 in the medium term.

Moving forward, traders and investors should monitor both technical levels and macro catalysts to gauge the timing and scale of the next potential surge.

The post Bitcoin extends consolidation amid ETF outflows, echoing pre‑2025 surge patterns appeared first on CoinJournal.

The post Bitcoin ETF flows turn negative after explosive start to 2026 appeared first on CoinJournal.

• Fidelity’s FBTC dominated inflows, with BlackRock’s IBIT also posting strong demand.
• Cumulative net inflows into US spot Bitcoin ETFs have exceeded $57 billion.
• Shifting US rate expectations are shaping institutional ETF positioning.

Spot Bitcoin exchange-traded funds listed in the US recorded a sharp revival in inflows on Wednesday, signalling renewed institutional engagement after weeks of uneven activity.

The move marked the strongest single-day intake in more than a month and coincided with shifting expectations around US monetary policy.

While Bitcoin’s price action remains constrained by heavy supply levels, ETF flows suggest investors are reassessing exposure through regulated products as macro conditions evolve.

Inflows rebound across major funds

US spot Bitcoin ETFs recorded $457 million in net inflows on Wednesday, their highest daily total since mid-November.

Fidelity’s Wise Origin Bitcoin Fund led the session, attracting roughly $391 million and accounting for the bulk of the inflows.

BlackRock’s iShares Bitcoin Trust followed with around $111 million, according to data from Farside Investors.

The latest intake pushed cumulative net inflows for US spot Bitcoin ETFs above $57 billion.

Total net assets climbed past $112 billion, equivalent to about 6.5% of Bitcoin’s total market capitalisation.

The figures underline the growing role ETFs play in shaping institutional access to Bitcoin exposure.

Shift after weeks of uneven flows

The inflow revival comes after a choppy period through November and early December, when ETF activity swung between modest inflows and sharp outflows.

That instability reflected cautious positioning amid uncertain price direction and tightening liquidity conditions.

The last time spot Bitcoin ETFs recorded inflows above $450 million was on November 11, when funds drew roughly $524 million in a single day.

The renewed activity suggests investors may be positioning earlier in anticipation of changing macro conditions, rather than responding to short-term price momentum.

ETF flows have increasingly become a barometer for how institutions interpret broader financial signals.

US rate signals influence positioning

Macro expectations shifted further on Wednesday after US President Donald Trump said he plans to appoint a new Federal Reserve chair who strongly supports cutting interest rates.

Speaking during a national address marking the first year of his second term, Trump said he would announce a successor to current Fed Chair Jerome Powell early next year.

He added that all known finalists favour lower rates than current levels.

Lower interest rates are generally viewed as supportive for risk assets such as crypto, as they ease financial conditions and improve liquidity.

Against this backdrop, spot Bitcoin ETFs appear to be attracting capital as a relatively direct way to express macro-driven positioning.

Price pressure and fragile demand persist

Despite stronger ETF inflows, Bitcoin’s market structure remains under pressure.

The asset has returned to price levels last seen nearly a year ago, leaving a dense supply zone between $93,000 and $120,000 that continues to cap recovery attempts.

This has pushed the amount of Bitcoin held at a loss to around 6.7 million BTC, the highest level of the current cycle, according to Glassnode.

Glassnode data also points to fragile demand across both spot and derivatives markets.

Spot buying has been selective and short-lived, corporate treasury flows episodic, and futures positioning continues to de-risk rather than rebuild conviction.

Until sellers are absorbed above $95,000 or fresh liquidity enters the market, Bitcoin is likely to remain range-bound, with structural support forming near $81,000.

The post Spot Bitcoin ETF sees sharp inflow revival amid shifting US rate signals appeared first on CoinJournal.