Bitcoin Breaks $92K Amid ETF Outflows
Bitcoin pushed above the $92,000 mark, showing that buyers are still willing to step in, but the move higher is starting to face selling pressure. ETF flows suggest institutions are staying cautious, with roughly $1.37 billion leaving spot Bitcoin ETFs between Tuesday and Friday last week, according to SoSoValue. That hesitation was echoed by Fidelity’s global macro director Jurrien Timmer, who noted that Bitcoin is now tracking an internet-style adoption curve rather than an aggressive power-law move. He warned that if BTC spends the next year consolidating, the $65,000 area could become a critical long-term line in the sand. Still, long-term conviction remains strong among corporate buyers. Strategy, the world’s largest public Bitcoin holder, added 13,627 BTC last week at an average price just above $91,500, lifting its total holdings to more than 687,000 BTC.
On the DeFi front, World Liberty Financial has entered the onchain lending space with the launch of World Liberty Markets. The platform allows users to lend and borrow crypto using collateral such as ETH, tokenized BTC and major stablecoins, signaling renewed confidence in onchain credit as regulatory clarity improves. The move follows World Liberty’s application for a national trust bank charter in the US, aimed at supporting broader use of its USD-backed stablecoin for payments and treasury operations.
Macro uncertainty is also feeding into the crypto narrative. A criminal investigation involving Federal Reserve Chair Jerome Powell has added political noise to traditional markets. While this creates short-term volatility, analysts argue that any deeper loss of confidence in central banks could strengthen Bitcoin’s appeal as a non-sovereign asset. Regulatory winds in Asia are also shifting, with South Korea Financial Services Commission preparing to allow corporations to invest up to 5% of their equity in digital assets, reversing a ban that has been in place since 2017. Meanwhile, Ethereum co-founder Vitalik Buterin has stressed the need for Ethereum to become quantum-resistant, highly scalable and resilient enough to operate safely even without constant core developer intervention.
The broader crypto market remains cautiously constructive but far from risk-on. Bitcoin holding above $92,000 is encouraging, yet repeated ETF outflows suggest rallies may continue to face selling pressure in the short term. A sustained move above the mid-$90,000s is needed to shift momentum decisively back to the bulls. Until then, choppy price action and range trading remain likely. Ethereum’s long-term fundamentals continue to strengthen, but price will still be influenced by macro sentiment and broader market risk appetite. Regulatory developments in Asia are a clear positive for long-term adoption and institutional participation. Political and monetary uncertainty in the US could increase volatility across risk assets. In that environment, Bitcoin may benefit from its non-sovereign narrative, but patience will be required. Traders should stay selective, manage risk tightly, and look for confirmation before chasing breakouts.
Bitcoin pulled back from the $94,789 resistance but found solid support at the moving averages, showing that buyers are stepping in on dips rather than rushing to exit. This kind of price action suggests demand is still healthy at lower levels. Bulls will now try to regain momentum by pushing BTC back above $94,789. A clean break and close above this level could open the door for a move toward the psychological $100,000 mark, followed by a possible extension to $107,500. If that happens, it would signal that the recent correction is likely behind us. However, if BTC gets rejected again at $94,789 and slips below the moving averages, it would confirm that sellers are still active on rallies. In that case, Bitcoin may continue to range between $84,000 and $94,789 as the market waits for a stronger catalyst.
Ether has bounced off the 20-day EMA near $3,088, indicating that buyers are defending this short-term support. This rebound shows growing confidence among bulls, who will now look to push ETH above the triangle’s resistance line. A close above that resistance would tilt the momentum in favor of buyers and could drive a rally toward $3,569, with $4,000 coming into view next. That said, ETH is not out of danger yet. If the price turns lower from resistance and breaks below the moving averages, it would suggest continued indecision and range-bound trading. A breakdown below the triangle support would give bears control and could drag Ether down toward $2,623.
BNB continues to trade in a tight range between the moving averages and the overhead resistance at $928, reflecting a balance between buyers and sellers. The rising 20-day EMA near $887 and a positive RSI suggest that buyers have a slight edge. If BNB breaks above $928, it would confirm a bullish ascending triangle and could trigger a strong rally toward $1,066. On the flip side, failure to hold above the moving averages would show that sellers are defending higher levels aggressively. That scenario could pull BNB back toward the uptrend line and possibly down to the $790 support zone.
Bitcoin remains constructive as long as it holds above the moving averages, with $94,789 acting as the key breakout level. A move above this resistance could quickly attract momentum traders targeting $100,000 and higher. Failure at resistance keeps BTC stuck in a wide range, favoring short-term range trades. Ethereum looks slightly stronger, with buyers defending the 20-day EMA and pressing against triangle resistance. A breakout in ETH could lead to faster upside compared to Bitcoin in the near term. However, traders should stay cautious until ETH confirms strength with a daily close above resistance. BNB is coiling for a larger move, and the tightening range suggests a breakout may be close. Bulls have the edge as long as price stays above the rising 20-day EMA. A confirmed breakout above $928 could trigger aggressive trend-following buys. Overall, the market leans cautiously bullish, but confirmation through key resistance levels is still needed before increasing risk exposure.
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