Bitcoin Battles at $94.5K: ETF Flows Turn Negative in Key Resistance Rejection
Bitcoin slams into a wall at $94,500. The digital gold's latest charge toward six figures gets a cold shower from a sudden reversal in ETF sentiment.
The Resistance Holds—For Now
That $94.5K level isn't just a number on a chart. It's a psychological fortress where bulls and bears are waging a trillion-dollar war. Every test, every rejection writes another chapter in Bitcoin's volatile saga. The price action tells a story of immense buying pressure meeting an equally formidable sell wall.
When the Smart Money Hesitates
The real story isn't just on the spot market. It's in the flow of funds. After weeks of relentless inflows, the ETF spigot has tightened. Net negative flows suggest some institutional players are taking chips off the table—or at least pausing their accumulation. It's a classic 'buy the rumor, sell the news' maneuver, executed with the precision of a hedge fund manager timing their third espresso.
Is this a temporary breather or a sign of deeper fatigue? Momentum can shift on a dime when you're dancing near all-time highs. One day's profit-taking is the next day's panic selling if sentiment sours.
What's Next for the Bull Run?
Don't mistake a pullback for a collapse. Healthy markets need consolidation. This rejection could be the springboard for the next leg up—if support holds. Watch the key levels below. Watch the flows. And maybe watch those traditional finance pundits who've been waiting for any excuse to say 'I told you so' since Bitcoin was at $900.
The king of crypto isn't done yet. It's just catching its breath before the next assault on history.
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.
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.
