Bitcoin Holds Below $88K as Spot ETFs Record $825M+ in 5-Day Outflows
#Bitcoin continues to trade below the $88K level while spot BTC ETFs remain under pressure. Over the past five trading days, total ETF outflows have exceeded $825M.
On December 24 alone, net outflows reached $175.29M, with no ETF recording inflows. IBIT led the declines, posting the largest single-day outflow at $91.37M.
At the same time, traders are staying cautious ahead of the major Deribit options expiry on December 26, with roughly $23.6B in contracts set to roll off.
Price action remains range-bound between $86K and $88K. The key downside level to monitor is $85,200.
Are these outflows mainly driven by holiday season and tax-related positioning — or is underlying demand starting to cool?
