Overview
- Price action remains confined to the mid-$80,000s, with repeated defenses of the $86,600–$86,800 band and sellers capping rebounds below $90,000.
- Spot Bitcoin ETFs recorded $188.64 million of net outflows on Tuesday, marking a fourth straight withdrawal day since December 18, even as price reclaimed $87,000.
- Short-term on-chain gauges show an uncommon neutral balance of buy and sell pressure among recent holders, signaling weak conviction on both sides.
- Technicians highlight a lower high/lower low pattern on short timeframes and say a hold above near-term moving averages is needed to shift bias.
- Analysts outline split paths, from a fractal-driven slide toward roughly $70,000 to a continued range before a clearer test of trend direction in early 2026.