Bitcoin spiked above $90,000 heading into the first weekend of 2026, even as spot Bitcoin and Ethereum ETFs recorded net outflows this week.

Notable Statistics:

Coinglass data shows 105,578 traders were liquidated in the past 24 hours for $381.05 million.        

SoSoValue data shows net outflows of $348.1 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $72 million.

In the past 24 hours, top losers include Pepe, Floki and Pudgy Penguins.

Notable Developments:

Trader Notes: CryptoCon said Bitcoin has opened the year with a Pi Cycle “death cross,” a signal that historically gains relevance later in the cycle.

According to halving-cycle…

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