{"id":18454,"date":"2025-12-22T10:46:52","date_gmt":"2025-12-22T10:46:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-stalls-at-89k-as-weekly-etf-outflows-top-nearly-500m\/"},"modified":"2025-12-22T10:47:00","modified_gmt":"2025-12-22T10:47:00","slug":"bitcoin-price-stalls-at-89k-as-weekly-etf-outflows-top-nearly-500m","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-stalls-at-89k-as-weekly-etf-outflows-top-nearly-500m\/","title":{"rendered":"Bitcoin price stalls at $89k as weekly ETF outflows top nearly $500M"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price hovered near the $89,000 mark on Monday, as demand for its spot exchange-traded funds continued to fade.<\/p>\n<div id=\"cn-block-summary-block_ee3a6e8744ee52ffefb145f07848431f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin ETFs recorded nearly 4500 million in outflows over the past week.<\/li>\n<li>BTC price chart hints at a prolonged bearish trend ahead.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"nofollow\">data<\/a> from SoSoValue, the 12 spot Bitcoin ETFs recorded $497.05 million in net outflows over the past week, between Dec. 15 and Dec. 19. BlackRock\u2019s IBIT saw the strongest outflows with $240.3 million exiting the fund. Bitwise\u2019s BITB and ARK 21Shares\u2019 ARKB followed with net outflows of $115.1 million and $100.7 million, respectively.<\/p>\n<p>VanEck\u2019s HODL and Grayscale\u2019s GBTC and BTC funds together also contributed to $74.1 million in outflows. Fidelity FBTC managed to buck the trend with $33.1 million in inflows over the week.<\/p>\n<p>Such outflows suggest that institutional demand for these investment products seems to be weakening, a trend that has continued over the past month, during which these funds recorded roughly $3.5 billion in net outflows. This is in stark contrast to the trend observed in October, during which these ETFs had drawn in nearly $7 billion in inflows as Bitcoin hit a new all-time high.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Bitcoin (BTC) dropped 6% from around $90,000 to a weekly low of $84,580 on Friday. It managed to recover back to around $89,800 earlier today, Dec. 22, before bears took over, dragging it back to around $89,100 at press time, up just 1% over the past 24 hours.<\/p>\n<p>Aside from the weak performance of its spot ETFs, Bitcoin price action remains subdued amid thin holiday-season liquidity and macro concerns. Traders are also in wait-and-watch mode ahead of key U.S. macroeconomic releases, including GDP data and jobless claims figures, both of which are set to be released on Thursday, Dec. 25.<\/p>\n<h1 class=\"wp-block-heading\">Bitcoin price charts multiple bearish patterns<\/h1>\n<p>On the daily timeframe, Bitcoin has triggered a confluence of bearish signals that historically precede significant market corrections.<\/p>\n<p>Notably, Bitcoin price has been forming a bearish flag since late October this year. At press time, Bitcoin price was close to breaking below the lower trendline of this pattern, a move that typically hints at more downside in the short term.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price has formed multiple bearish patterns on the daily chart \u2014 Dec. 22 | Source: crypto.news<\/figcaption><\/figure>\n<p>A breakdown from this bearish flag would also likely confirm a breakdown from a much larger inverse cup and handle pattern, as previously reported by crypto.news.<\/p>\n<p>With both of these bearish patterns appearing on the chart, Bitcoin is likely to remain under pressure at least until a clear reversal signal emerges or fundamental catalysts shift the trend.<\/p>\n<p>For now, traders are closely watching the $85,220 level, which serves as the immediate support and has previously acted as a strong price floor where bulls have stepped in to defend against deeper losses. A drop below this support could push prices towards the psychological support at $80k.<\/p>\n<p>On the contrary, $91,415, which aligns with the 23.6% Fibonacci retracement level drawn from its all-time high in October to its sharp drop in November, stands as the key resistance level that bulls need to breach for any meaningful upside move.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price hovered near the $89,000 mark on Monday, as demand for its spot exchange-traded funds continued to fade. Summary Bitcoin ETFs recorded nearly 4500 million in outflows over the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18454"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18454\/revisions"}],"predecessor-version":[{"id":18455,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18454\/revisions\/18455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15641"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}