Bitcoin Regains $90,000 Even As BTC ETFs Record 2-Month High Outflows
Bitcoin reclaimed $90,000 despite record ETF outflows, driven by short-term buying amid mixed sentiment.Summary
Bitcoin briefly dipped below $90,000 but quickly bounced back, exhibiting classic late-cycle volatility fueled by short-term dip-buying, possibly linked to easing geopolitical tensions reflected in a sharp Money Flow Index (MFI) upswing. However, the broader flow picture remains cautious, as spot Bitcoin ETFs recorded significant outflows this week, totaling about $1.6 billion, with Wednesday seeing the largest single-day redemption since November 2025. On-chain data indicates realized losses are concentrated among holders who bought near cycle highs, suggesting risk reduction rather than new bearish conviction. Technically, BTC is trading in a broadening ascending wedge, and while it regained $90,000, upside momentum is fragile and dependent on institutional flows flipping positive; continued ETF outflows could stall rallies near resistance levels like $91,298.
(Source：BeInCrypto)