Bitcoin remains capped below $88K as spot BTC ETFs continue to see heavy outflows.
Over the past five trading days, Bitcoin ETFs have recorded more than $825M in cumulative outflows. On December 24, net outflows totaled $175.29M, with no ETF posting any inflows. IBIT led the declines, seeing the largest single-day outflow at $91.37M.
Market participants are also staying cautious ahead of the major Deribit options expiry on December 26, involving roughly $23.6B in notional value.
BTC continues to trade within a $86K–$88K range, with $85,200 standing out as the key support level to monitor closely.
Do you think these ETF outflows are mostly driven by holiday positioning and tax-related adjustments, or are we starting to see a real slowdown in demand?
