Bitcoin defends $92,000 amid ETF outflows and macroeconomic concerns

Bitcoin (BTC) fell about 3.4% over the weekend as investors cut risk, retesting the $92,000 level and triggering roughly $215 million in leveraged BTC futures long liquidations, a move that surprised bulls and raised concerns of a deeper correction. Investors sought safety in cash and precious metals while US markets were closed for a holiday; gold rose above $4,650 and Bitcoin briefly reclaimed the $93,000 level.

The Bitcoin futures annualized premium hovered near a neutral-to-bearish 5%, suggesting demand for leveraged bullish positions was not seriously dented after a failed attempt to reclaim $98,000, even as derivatives metrics signaled diminished enthusiasm. Spot Bitcoin ETFs recorded $395 million in net outflows, the BTC options delta skew at Deribit climbed to about 8% with puts trading at a premium, and daily active addresses on the network fell to 370,800, down 13% from two weeks earlier.

Nasdaq futures traded lower after President Trump proposed additional tariffs on eight European countries, according to Yahoo Finance, and China’s economy grew 4.5% year over year in the last quarter of 2025, down from 4.8% the prior quarter, the Associated Press reported. Deutsche Bank FX research head George Saravelos noted European countries own $8 trillion of US bonds and equities and may be less willing to support the dollar if the western alliance is disrupted.

Key Topics

Crypto, Bitcoin, Bitcoin Etfs, Deribit, Gold, China Economy