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Bitcoin Price Falls Below $90K as BTC ETF Record $480M in Outflows
Bitcoin price fell below $90,000, capping its early January gain, as U.S. spot BTC ETFs saw net withdrawals of more than $486 million.
The initial January upswing for the crypto market appeared to have run out of steam, as the Bitcoin price fell below $90,000. This year's highest outflow was also seen in spot BTC ETFs in the United States.
Bitcoin Price Drops as BTC ETFs Post Outflows
The cryptocurrency fell below $90,000 in Thursday's market trade, offsetting some of the strong performance recorded in the first week of the new year. The value has fallen by 2% over the last 24 hours. Still, it is up more than 3% in the last week.
The decline follows a solid start to the week for the coin's value. Last week, the Bitcoin price soared beyond $94,000. This fueled anticipation that it could get much closer to the $100,000 milestone.
Investor sentiment fell further as U.S. spot BTC ETFs saw net outflows of more than $486 million. This is the first occasion in 2026 that net outflows have occurred on two consecutive days. The net withdrawals are in full contrast to the net inflows observed a few days ago.
BlackRock's IBIT is the only fund that has received net inflows. According to SoSoValue statistics, the majority of other issuers recorded redemptions, indicating a growing short-term trend.
These improvements come just a week after the BTC ETF experienced the largest inflow in a single day since October, when more than $697 million entered the market. It happened as analysts saw fresh interest in the market after weathering the lows of late 2025.
0xNobler, a cryptocurrency analyst, stated that significant market participants are pushing the Bitcoin price below $90,000 in order to remove over-leveraged traders.
Bullish Signals are Still Seen Under the Surface
This was a retreat despite favorable macroeconomic data that is generally supportive of cryptocurrency. JOLTS jobs data in the United States came in lower than expected in November. This strengthened the suggestion of a possible interest rate drop in the country. Normally, such numbers result in a positive adjustment in the coin, but not in this situation.
Meanwhile, Morgan Stanley has submitted S-1 filings with the US Securities and Exchange Commission for a Bitcoin ETF. Such institutional investor participation in regulated cryptocurrency ventures should not be associated with Bitcoin price volatility.
This is assisted by corporate treasury action. Strategy acquisitions continue, with another 1,286 BTC added to the pool this week. American Bitcoin related to Trump announced that they had raised their pool of total BTC and are now among the top 20 publicly listed treasuries of the coin.