Bitcoin is consolidating below $94,000 as strong ETF inflows offset broader macro uncertainty and market sentiment remains neutral.

The ISM manufacturing PMI declined for a third straight month to 47.9 in December, recording the lowest reading since October 2024.

Bitcoin ETFs saw $697.3 million in net inflows on Monday, while Ethereum ETFs reported $168.1 million in net inflows.

Short Consolidation Before Breakout?

The Cryptomist said Bitcoin may be forming a falling wedge, with the potential for a final dip into support before a squeeze toward the mid-$95,000 range. After that move, bearish pressure could begin to build.

Michael van de Poppe said the scale of recent inflows makes a deep…

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