Overview
- Bitcoin slipped below $90,000 early Thursday after failing to clear the $94,000–$95,000 zone, with recent trading holding mostly in the $90,000–$92,000 range.
- U.S. spot bitcoin ETFs recorded $486 million in net outflows over two consecutive days after a $243 million single-day loss, as BlackRock’s IBIT drew inflows but Fidelity and Grayscale led redemptions.
- Nearly $100 million in concentrated sell orders near $94,000–$95,000 capped the advance and helped trigger roughly $460 million in leveraged liquidations during the pullback.
- Signs of rotation cooled midweek as Ethereum and XRP ETFs logged net outflows on Jan. 7, though Solana funds still saw modest inflows; earlier, XRP ETFs had attracted nearly $100 million and outperformed major tokens.
- Flow and on-chain gauges, including a rising bitcoin-to-stablecoin ratio on Binance, indicate sidelined buying power and a leverage reset consistent with a range-bound market influenced by evolving macro signals.