Bitcoin (BTC) was trading around $88,600 on January 2, with the cryptocurrency remaining in a range between $85,000 and $90,000.
The total market capitalization of cryptocurrencies reached $3.08 trillion, up 1.2% from the previous day.
Bitcoin spot ETFs recorded their worst two-month period with $4.57 billion in combined outflows between November and December.
The cryptocurrency gained around 1.3% over 24 hours after a volatile end to 2025.
What happened
Bitcoin price has consolidated in a tight range of $85,000 to $90,000 for two weeks.
US spot Bitcoin ETFs saw $348.1 million in net outflows as of December 31.
The 11 spot ETFs saw outflows of $1.09 billion in December, following $3.48 billion in November.
This is the largest two-month buyback since the products launched in January 2024.
The price of Bitcoin fell approximately 20% during the November-December period, coinciding with ETF outflows.
Ethereum (ETH) was trading at nearly $3,000, gaining 1.5% over 24 hours.
Altcoins showed stronger percentage gains with Cardano (ADA) up 6.3% and Dogecoin (DOGE) up 7.1%.
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Why it matters
The record ETF outflows reflect a decline in institutional appetite as the end of the year approaches, despite Bitcoin ending 2025 down around 6%.
Market volatility as measured by Bollinger Bands has reduced to its lowest level since July, suggesting potential significant price movement ahead.
The Bitcoin ETF’s total net assets stood at $113.29 billion as of Dec. 31, down 33% from its October peak of $169.54 billion.
Despite year-end outflows, Bitcoin ETFs have accumulated cumulative net inflows of approximately $56.9 billion since their January 2024 launch.
Analysts suggest the consolidation represents institutional positioning rather than panic selling as markets await new catalysts in 2026.
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