Crypto Market Cools as Bitcoin Stays Within Death Cross: Analysis

Market Overview - The crypto market is experiencing a downturn, with Bitcoin trading around $90,600 after briefly exceeding $93,000 earlier in the week, and the total market cap at $3.06 trillion, down approximately $35 billion or 1.14% [1] - The broader crypto market is in bearish territory, needing to hold above the $3.2 trillion mark for traders to consider a recovery [3] Institutional Investment - Bitcoin ETFs saw significant inflows of $1.2 billion in the first two trading days of 2026, marking the largest single-day inflow since October, but faced immediate outflows of $243 million and $476 million in subsequent days, indicating a fragile institutional interest [4][5] Technical Analysis - Bitcoin's current price is $90,673, down about 0.66% for the day but up 3% over the past week, following a major spike earlier [6] - The "death cross" pattern remains, indicating potential for further downside or prolonged sideways action, as prices are below both the 50-day and 200-day exponential moving averages [7] - The gap between bulls and bears is narrow, suggesting a slower bearish pace compared to previous months when Bitcoin was sliding from its all-time high above $126,000 [8]