Bitcoin News Today: BTC Tests $91K As Bulls Defend Support

Key takeawaysBTC ETF outflows total $934M over three daysOpen interest rises near $90K signaling leverage buildupAnalysts monitor $90K support and $86K downside zoneBTC Retreats After $93K RejectionBitcoin news shows BTC pulling back toward $89,250 after its third rejection near the $93,000 level. The decline followed an early-2026 rally that initially gained momentum on strong trading volumes.Despite the pullback, Bitcoin price remains above the monthly rolling VWAP, which turned positive at the start of the year. This suggests longer-term positioning has not fully weakened.Market context: ETFs and Macro PressuresBitcoin ETF data shows $934.8 million in net outflows over three days, led by major U.S. spot products. These outflows have weighed on broader crypto market sentiment, even as 2025 inflows remained structurally positive.At the macro level, expectations of a potential Federal Reserve rate cut later in 2026 continue to influence digital assets. Weaker labor data has supported easing bets, though persistent inflation remains a risk factor.Derivatives and On-chain SignalsBitcoin update from derivatives markets shows open interest increasing as BTC dipped toward $90,000. This pattern indicates new leveraged positions rather than broad position unwinding.Order book data highlights strong passive interest clustered near $90K. Analysts note that failure to hold above $89,000 could expose liquidity between $86,000 and $87,000.Bitcoin Outlook: Key Levels to WatchThe short-term Bitcoin forecast centers on whether BTC can reclaim the $91,600–$91,700 range. A recovery above this zone could reopen a test of $93,000.On the downside, sustained weakness below $89,000 would shift focus to lower support zones. ETF flows, Fed policy signals, and state-level adoption proposals remain key catalysts to watch.