Bitcoin Falters Below $91k as Institutional Interest Wanes Bitcoin is currently trading under $91,000, failing to hold the critical 50-day EMA support at $91,548. Institutional demand appears to be fading, with US spot ETFs recording $681.01 million in outflows last week over four consecutive days of selling. Bearish sentiment is further fueled by a rise in short positions in the derivatives market and looming macroeconomic pressures—including upcoming US CPI data, a Supreme Court ruling on tariffs, and geopolitical tensions involving the US, Venezuela, and Greenland
Derivatives Data Points to Selling Pressure According to Sosovalue data on US spot Bitcoin ETFs, the derivatives market is showing a bearish inclination. The long-to-short ratio currently stands at 0.9662, with short positions comprising 50.86% of the activity over the last 24 hours.
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Macro Hopes vs. Technical Hurdles: Can BTC Reclaim $90k? While CoinGlass data indicates bearish sentiment, relief may be on the horizon with Tuesday’s release of the US Consumer Price Index (CPI). Wells Fargo predicts Core CPI will land around 2.8%, following a soft November report influenced by the US government shutdown. If inflation continues to approach the Fed’s 2% target, the likelihood of an interest rate cut in early 2026 increases—a move that typically drives liquidity into high-risk assets like Bitcoin.
Technical Outlook: Bitcoin has retraced below $91,000 after an earlier high of $92,519, facing stiff resistance at the 50-day EMA ($91,548). A daily close above this level is essential to target the December 9 high of $94,588. However, momentum is waning; the RSI is flat at 51, and the MACD is threatening a bearish crossover, signaling potential downside risks.
BTC/USDT Daily Analysis: A breakdown below the psychological $90,000 support level could expose Bitcoin to further downside, potentially testing the swing low of $86,420 recorded on December 24.