Bitcoin drops below $90,000 after early January pop as BTC ETFs see $480 million outflows

BTC < $90K | ETF outflows ≠ on-chain weakness

Bitcoin dipped below $90,000 after the early January pop.

Trigger: $480M BTC ETF net outflows.

On-chain reality check:

• No abnormal exchange inflows

• No cascade liquidations

• Long-term holder supply steady

• Leverage cooling, funding reset

Headlines are loud. On-chain is calm. #bitcoin #etf #ETFvsBTC