The post Bitcoin price forms bullish reversal pattern while weekly ETF outflows hit $681M appeared on BitcoinEthereumNews.com.

U.S. spot Bitcoin exchange-traded funds shed around $681 million over the past week as institutional demand appears to be losing momentum. Despite this, charts show a highly bullish pattern remains at play. Summary Bitcoin price has rebounded back after a bearish week. Bitcoin ETFs logged $681 million in net outflows over the past week. An Adam and Eve pattern was observed on the daily chart.  According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $681 million in net outflows over the past week, dated Jan. 5-Jan. 9.  Fidelity’s FBTC was hit the hardest, losing $481 million from the fund, while Grayscale’s GBTC and ARK Invest’s ARKB followed with $171.8 million and $45.4 million in outflows, respectively. Grayscale’s mini Bitcoin Trust and HODL and BITB ETFs also saw a combined outflow of $46.1 million. Offsetting a small part of these outflows, BlackRock’s IBIT had drawn in $25.9 million over the week while the remaining ETFs contributed another $37.7 million. These outflows followed a strong week in which investment products drew in $458.7 million, a surge that helped push Bitcoin back above $94,000 for the first time since losing this level in early December. However, the momentum was short-lived as widespread profit-taking and intense volatility triggered by massive liquidations in the Bitcoin market placed renewed downward pressure on the flagship digital asset. It is likely that the downturn has dampened institutional demand as investors wait for the volatility to cool off. Bitcoin (BTC) price has recovered from some of its weekly losses, changing hands at $91,652 as of Jan. 12, afternoon Asian time. Despite this recovery, the asset still remains nearly 27.3% below its all-time high of $126,080 reached on Oct. 6, 2025. Bitcoin price has formed an Adam and Eve pattern on the daily chart — Jan. 12 |…

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Filed under: News - @ January 12, 2026 12:28 pm