Bitcoin briefly climbed back above $90,000 while a bullish-leaning 4‑hour symmetrical triangle and momentum indicators (Aroon Up 100%, MACD > 0) signal a potential breakout. Twelve spot BTC ETFs recorded $782M in net outflows Dec. 22–26 (continuing $1.08B in December and $3.48B the prior month), showing weak institutional ETF demand. Derivative activity rose (funding rates near multi‑week highs; futures open interest +7% in 24h). A decisive break above $90,975 with volume could target ~$94,200; a close below $87,000 would invalidate the bullish case and risk a fall toward $85,000.

Technicals on the 4‑hour chart are bullish (symmetrical triangle leaning up, Aroon Up 100%, MACD above zero) and a measured breakout target (~$94,200) is defined; however, substantial spot ETF outflows ($782M over Dec. 22–26 and larger monthly outflows) indicate weak institutional ETF demand. Increased derivative activity (funding rates near multi‑week highs; futures OI +7% in 24h) adds short‑term trading relevance. These facts support a mildly bullish sentiment with meaningful short‑term impact for traders watching the breakout/invalidations.