Overview
- Bitcoin slipped back after a brief move above $90,000 on Dec. 29 and is hovering near $87,000 within a symmetrical triangle, with $86,000 support and the $91,500–$94,000 zone the next resistance.
- U.S. spot bitcoin ETFs posted $19.29 million of net redemptions on Dec. 29, the smallest daily outflow in over a week, bringing cumulative withdrawals since October to roughly $4.6 billion.
- Fund flow gauges show scarce fresh capital, as CoinShares logged $446 million in weekly product outflows and industry net capital flows fell below $4.5 billion for the first time in nearly two years.
- Ether trades around $2,950 as ETF demand weakens and network fees drop about 57% over 30 days, with charts warning that a loss of the $2,700–$2,800 support could extend declines.
- On-chain metrics point to easing forced selling since November’s capitulation, but holiday-thin liquidity and upcoming FOMC minutes keep the near-term outlook balanced between consolidation and a break.