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Bitcoin’s early week rally collapsed on 5 December 2025, as heavy Exchange Traded Fund (ETF) outflows and sharp derivatives deleveraging pulled the crypto market lower. Despite stable global equities, crypto assets faced intense selling pressure, pushing Bitcoin back near the $91K level.
Bitcoin Price Today & Market Update
As of today, Bitcoin (BTC) is trading around $90,070, extending its decline shortly after hitting a weekly high of $94,200 on Wednesday.
Fresh data shows BlackRock’s IBIT ETF suffered $113 million in outflows, undermining market confidence and accelerating the downside move.
A derivatives desk expert remarked,
“Large outflows from top ETFs are weighing on sentiment, and derivatives traders are rapidly reducing leverage.”
Why the Market Is Falling
- Futures open interest dropped to $21 billion, signaling widespread deleveraging.
- Funding rates and basis remain quiet, reflecting caution.
- Options markets still show bullish skew, suggesting traders expect recovery later.
Elsewhere, Ether lost its post-Fusaka gains, CD20 tokens and memecoins weakened, while ZEC and TRX stood out with strong performance against the market trend.
Bitcoin attempted to build momentum earlier in the week, briefly crossing $94K, but persistent institutional selling via ETFs especially from major issuers like BlackRock has capped upside strength.
U.S. equities were mostly flat, and FTSE100 edged up 0.15%, confirming that this drop is crypto specific rather than a broader risk off environment.
Analysts expect continued volatility as ETF flows remain the dominant market driver. Sustained outflows could push Bitcoin toward lower support zones, though options market optimism hints at potential rebounds later in December.
