NewsBTC
Jan 10, 2026
0 0

Bitcoin Holds $90,000 Support Amid Positive Exchange Netflows Shift

Bitcoin has retraced to a key support level at $90,000 after facing resistance at $94,000. This correction aligns with notable changes in on-chain dynamics.

Exchanges Record Netflow Shift

  • The Bitcoin: Exchange Netflow metric indicates the net amount of BTC entering or leaving exchanges.
  • A recent shift from deep negative values (-11,500 BTC) to positive (+1,100 BTC) suggests more BTC is now on exchanges.
  • Positive inflows typically suggest potential bearish pressure, though current volumes are relatively low.
  • The retracement could be due to traders taking partial profits near the psychological $94,000 level.

Bitcoin

Importance of the $90k Support Level

  • The $90,000 support level is pivotal for determining short-term market sentiment.
  • An increase in exchange netflows towards positive could increase bearish pressure and push prices lower.
  • If prices remain above $90,000 with stable inflows, it suggests a maintained bullish outlook.

Currently, Bitcoin is valued at approximately $90,463 with minimal movement in the past 24 hours.

Bitcoin