Bitcoin (BTC) maintained trading above $90,000 despite U.S. spot Bitcoin ETFs recording $681 million in net weekly outflows during the first trading week of 2026.
The cryptocurrency traded at $90,200 as of Friday afternoon in New York, down roughly 2% from its yearly opening price.
Four consecutive days of institutional redemptions starting Tuesday erased initial $1.2 billion in inflows from Monday and January 2.
What Happened
Wednesday marked the heaviest single-day withdrawal with $486 million leaving Bitcoin ETFs.
The Fear and Greed Index declined from 44 points to 25, returning to extreme fear territory.
Bitcoin briefly pushed toward $94,800 on Monday before retreating, unable to break through resistance that has held since October's selloff.
Strategy continued accumulating with 1,286 BTC purchased during December 29-January 4.
The company holds 673,783 BTC worth approximately $63 billion, representing over 3% of Bitcoin's total supply.
Andreessen Horowitz raised $15 billion across multiple funds including AI, crypto, biotech, health, infrastructure, and growth investments.
The firm's announcement emphasized crypto as critical to U.S. technological leadership but did not specify Bitcoin allocation percentages.
Read also: Why USDC Suddenly Dominates $33T Stablecoin Market Despite USDT's Bigger Size
Why It Matters
Bitcoin's resilience above $90,000 despite institutional outflows suggests retail and non-ETF demand provides support.
ETF products represent a fraction of total Bitcoin trading volume.
The outflows coincided with macroeconomic uncertainty including geopolitical tensions and tariff policy concerns.
Treasury companies like Strategy provide consistent buying pressure offsetting temporary ETF volatility.
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