“In the absence of renewed ETF inflows, upside attempts remain vulnerable to failure,” Bitfinex analysts wrote, adding that institutional demand has “softened materially at current price levels.”
Bitfinex analysts said:
In other words, traders appear to be bracing for headlines, not rewriting their long-term playbooks. Bitfinex added that “the options market is pricing transitory risk rather than a sustained disruption to market structure,” noting that expectations further out the curve remain largely intact despite elevated near-term noise.
“Having fallen back into the established $85,000–$94,500 range, stronger spot demand is needed to support a more durable breakout,” the report said, warning that repeated failures near resistance historically extend consolidation phases rather than resolve them quickly.
FAQ Why did bitcoin pull back from its January high? Bitcoin retraced after failing to hold resistance near $98,000 amid ETF outflows and fading spot demand. How much money has left bitcoin ETFs recently?Spot bitcoin ETFs recorded more than $1.3 billion in net outflows over five consecutive trading days. What does the options market signal right now?Short-dated volatility has spiked, indicating tactical hedging tied to near-term uncertainty rather than long-term fear. What price range is bitcoin likely to trade in?Bitfinex expects bitcoin to remain range-bound between $85,000 and $94,500 without a clear demand catalyst.
