• Bitcoin price struggles near the previously broken midpoint of a horizontal parallel channel at $87,787 on Monday.
• US-listed spot ETFs recorded an outflow of $1.33 billion last week, the second-highest weekly withdrawals since their launch.
• Bitcoin’s profit dynamics have turned negative, marking a regime change from profit-taking to loss realization over the past 30 days, report suggests.

Bitcoin (BTC) price recovers slightly, trading near the previously broken midpoint of a horizontal parallel channel around $88,000 at the time of writing on Monday, after falling over 7% in the previous week. The bearish outlook strengthens as BTC spot Exchange Traded Funds (ETFs) recorded an outflow of over $1.3 billion, the second-highest weekly withdrawals since their launch. In addition, CryptoQuant report highlights that Crypto King’s profit dynamics have turned negative, suggesting weakness in the near term.

Institutional demand weakens, fueling price dips 

Institutional demand for BTC weakened last week. According to SoSoValue data, spot Bitcoin Exchange Traded Funds (ETFs) recorded a total outflow of $1.33 billion in the previous week, the second-highest weekly outflow since their launch. If these outflows continue and intensify, BTC could see further correction.

The week ahead

QCP Capital reported on Monday that the crypto market traded in a narrow range over the weekend before coming under pressure during early Asian hours, triggering more than $550 millions in liquidations of leveraged long positions. 

The analyst further explained that the risk-off move appears to have been catalyzed by a confluence of macro developments. These include US President Donald Trump’s comments on the potential imposition of 100% tariffs on Canadian imports, renewed concerns over a partial US government shutdown, and lingering uncertainty about the possibility of coordinated US-Japan intervention to stabilize the Yen.

“Looking ahead, implied volatility is likely to remain elevated amid a dense macro calendar. In addition to ongoing geopolitical and fiscal headlines, markets face major tech earnings and a Federal Reserve policy decision on Wednesday. While the Federal Reserve (Fed) is widely expected to hold rates steady, investors will be closely attuned to Jerome Powell’s guidance on the path of policy in the coming months. With multiple macro risks unresolved, crypto prices are likely to chop around in the near term, pending greater clarity, particularly around the risk of a US government shutdown,” concluded QCP Capital analyst.

Shift in regime 

CryptoQuant’s weekly report highlighted a regime shift in Bitcoin’s market structure, as BTC profit dynamics have turned negative, signaling a transition from profit-taking to loss realization.

The chart below shows that Bitcoin holders began realizing net losses in December 2025 for the first time since October 2023. Since December 23 last year, holders have realized cumulative losses totaling approximately 69,000 BTC over the past 30 days. Moreover, realized profits peaks have been declining since March 2024, an indication that prices are losing momentum as the bull market ends.

The current pattern closely mirrors that one of the 2021–2022 bull-to-bear transition, when realized profits peaked in January 2021, formed lower highs through 2021, and then turned into net losses ahead of the 2022 bear market.

Bitcoin Price Forecast: BTC momentum indicators show bearish signs 

Bitcoin price closed below the midpoint of a horizontal parallel channel at $87,787 on Sunday, following a 7.4% correction last week. At the time of writing on Monday, BTC recovers slightly, nearing this broken level.

If BTC fails to close above the $87,787, it could extend the fall toward the lower consolidation boundary at $85,569, which coincides with the 78.6% Fibonacci retracement level.

The Relative Strength Index (RSI) on the daily chart is 40, below the neutral 50 level, indicating bearish momentum gaining traction. Traders should remain cautious, as the Moving Average Convergence Divergence (MACD) also showed a bearish crossover last week and has remained intact, suggesting a downward move.

On the other hand, if BTC breaks and closes above $87,787 on a daily basis, it could extend the recovery toward the upper boundary of the horizontal pattern at $90,000.