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Bitcoin stalls near $90k as $1.73B in ETF outflows hit sentiment
Spot Bitcoin and major altcoins weakened after digital asset funds recorded $1.73 billion in net outflows last week — the largest weekly decline since mid‑November 2025. The wave of redemptions in spot Bitcoin ETFs has drained intraday momentum, leaving BTC trading in a tight but volatile band that matters for traders sizing positions and managing risk. Ethereum and Solana also softened, underscoring that ETF flows are a leading signal for price direction across crypto markets.
ETF outflows drive intraday weakness
US redemptions ripple into European desks
Analysts point to fresh outflows from US spot Bitcoin ETFs as the proximate cause of thinning bids around the psychologically important $90,000 round number. Coverage from German trading desks highlights the transmission mechanism: redemptions in New York can widen spreads, affect tracking for physically backed ETPs on Xetra, and create opening gaps between US close and EU open. For euro‑denominated accounts, that sometimes means the USD‑denominated $90k support level does not line up with local euro marks — traders should check broker FX conversion when sizing exposure.
ETF redemptions and liquidity dynamics
When ETF redemptions accelerate, liquidity often evaporates near round numbers. That pattern was visible as bids faded close to $90k and stops clustered below $86k. Market participants should watch flows in the late US session: ETF activity frequently sets the tone into Asian and European trading hours, increasing the chance of 3–4% daily swings in spot BTC and related markets.
On‑chain metrics show cooling demand
Transfer volumes, fees, and range bias
On‑chain indicators are signaling a digestion phase: transfer volumes and network fees have softened relative to recent runs higher. That typically supports a range‑trade bias until buying demand returns. Liquidity pockets have been observed just under $88,000, while technical models suggest stops clustered under $86,000. Internal projections cited a one‑month baseline near $92,791 and a longer quarterly target around $125,516, but authors stress that flows and tape should drive near‑term moves.
Levels to watch and practical trading guidance
Key pivots and risk management
Traders should monitor the $88k–$91k zone closely. The 50‑day moving average near $90,220 is a key pivot: a sustained move above it would improve the technical backdrop, while a close below the $88k band would increase downside risk. Size positions for typical 3–4% intraday swings, keep orders clear, and avoid excess leverage. If price closes beneath the established range, reassess position sizing and risk limits immediately.
Market snapshot: BTC, ETH, SOL
Bitcoin is trading in the high $87k range after a 24‑hour band roughly between $86.4k and $88.3k. Ethereum has slipped to the high $2,800s — near $2,887 — down about 1.8% on the day with a 24‑hour range from roughly $2,787 to $2,942. Solana is softer, trading around $122, off roughly 3.3% over the session. These moves reflect the broader message: watch crypto ETF flows, respect intraday volatility, and maintain disciplined risk management.
Bottom line for crypto investors
Last week’s $1.73B outflows make clear that macro expectations, rate‑cut hopes, and the narrative of crypto as an inflation hedge continue to influence fund flows. For investors and traders focused on Bitcoin, Ethereum, and large‑cap altcoins, ETF flows are a primary short‑term driver. Keep a close eye on late US session activity, watch the $88k–$91k band for BTC, and prioritize liquidity and leverage controls while markets digest these redemptions.
Source: crypto
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