Bitcoin Rejects $94.5K Resistance as ETF Flows Turn Negative

Bitcoin extended its decline toward the $90,000 mark on Friday after it faced rejection near a crucial resistance area. The pullback came after midweek selling pressure and as institutional demand eased. Net outflows were also seen in spot Bitcoin exchange-traded funds for the week, underlining circumspection in the market.

The biggest cryptocurrency in terms of market capitalization began the week on an uptrend. After robust inflows into U.S.-traded spot Bitcoin ETFs, prices went up on Monday. By midweek, that strength had collapsed, causing a correction and tightening around a key support level.

Bitcoin Tests $91K Support Amid ETF Outflows

The price of cryptocurrency was hovering at $91,000 by Friday. This stage has served as important technical support during the last few sessions. Market participants are still monitoring whether the price can remain above this zone, considering the dynamics of capital flows.

According to SoSoValue data, US-listed spot Bitcoin ETFs saw $697.25 million in inflows on Monday. The trend reversed quickly. Three straight days of outflows reached $1.12 billion by Thursday. This pushed weekly flows to a $431.02 million net withdrawal. The shift signals weaker institutional demand. If outflows persist or grow, BTC could face a deeper correction.

The flow reversal corresponds with the price of BTC rejecting resistance levels. This lowers inflows, reducing support during selling pressure. Continued outflows could increase the downside risk if the current trend persists.

Source: SoSoValue

Glassnode reports on Wednesday show that the market is not shifting toward defensive and distribution-oriented behavior. It outlined how there was a tendency of selective re-risking and phased rebuilding of participation.

Also Read: Bitcoin (BTC) 250K Breakout: Draper’s Bold 2026 Call

The report further shows that Bitcoin made its entry into the year having cleared a high proportion of old positions. These were positioned in the spot, futures, and options markets. The reset was subsequent to a late-2025 deleveraging and year-end expiry cycle.

Source: Glassnode

Bitcoin Supply Pressure Builds Near $92K–$117K Zone

Analysts identified wallets containing between $92,100 and $117,400 of Bitcoin. These investors purchased BTC around the peaks of the cycle and retained their holdings during the slump to $80,000. Sell-side pressure could intensify as the prices return to such levels.

Analyst Crypto Patel highlighted an ascending triangle on the eight-hour chart. The trend indicates an escalation of the lows toward a horizontal supply area of around $94,500.

The key resistance levels were $94,500 and $107,000. There was a dynamic trendline support near $88,000. The higher timeframe for structural support was observed at around $78,000.

Source: X

The market is still in a compression stage. The expansion of volatility should happen when the prices reach predominant levels. Directional confirmation will rely on a confident movement either on the opposite of the resistance or on the trendline support.

Also Read: Bitcoin (BTC) Slips Below Key 50-Day EMA, Analysts Warn of $90K Retest