Bitcoin Reclaims $90k as ETF Flows Turn Cautiously Positive

Key takeaways

• Bitcoin reclaimed the $90,000 band and trades near $91,000 as spot ETF flows returned small net inflows.
• Ethereum led flow activity with $61 million of spot ETF inflows, marking four straight days of positive demand.
• Macro prints are benign: initial jobless claims eased to 216,000 and the Beige Book shows cooling activity; policy ambiguity remains.
• On-chain indicators show retail pain but selective accumulation: USDT flow dynamics and institutional buys are reducing immediate downside risk.
• Range to watch: $84,000–$95,000; a sustained break above $95,000 would signal tactical recovery, while losses below $84,000 deepen capitulation risk.