Bitcoin Price Forecast: Surge in ETF Withdrawals, Intense Davos Discussion – Is $86K the Threshold?

Bitcoin is facing pressure around $89,800 as macroeconomic concerns, ETF outflows, and technical setbacks converge. An intense discussion at Davos regarding Bitcoin’s credibility, significant losses in US equities due to tariff fears, and nearly $500 million in ETF withdrawals have unsettled market sentiment. However, whale accumulation and the narrative of BTC‘s fixed supply continue to sustain long-term confidence, even as charts indicate $86,000 as a pivotal downside level.

Coinbase CEO Asserts Bitcoin Lacks an Issuer in Davos Discussion

During the World Economic Forum in Davos, Coinbase CEO Brian Armstrong participated in a heated debate with France’s central bank governor, François Villeroy de Galhau, where Armstrong stood up for Bitcoin. The French official challenged BTC’s credibility and expressed greater trust in independent central banks over what he termed “private issuers” of the cryptocurrency in a panel focused on tokenization.

He emphasized Bitcoin’s capped supply and absence of a “money printer,” arguing that, similar to gold, it acts as a restraint on excessive government expenditure.

Despite recent price fluctuations, Armstrong reaffirmed his conviction that BTC could reach $1 million by 2030 and encouraged investors to concentrate on long-term trends.

JUST IN: Coinbase CEO confronts French Central Bank governor:
“Bitcoin doesn’t have a money printer. It’s more autonomous” pic.twitter.com/2eW02mEaCy

— Bitcoin Magazine (@BitcoinMagazine) January 21, 2026

These prominent discussions elevate Bitcoin’s image as an unbiased, independent asset. Even if short-term market volatility continues, this fosters long-term acceptance and trust in BTC.

Bitcoin, Ether ETFs Experience Significant Outflows as Institutions Exercise Caution

Spot Ether and Bitcoin ETFs experienced considerable withdrawals as institutions were forced to mitigate risk amid global economic uncertainties. Grayscale’s GBTC and Fidelity’s FBTC were responsible for the $483 million in outflows from spot Bitcoin ETFs on Tuesday. XRP ETFs also saw record withdrawals, while Ether ETFs lost $230 million, breaking a five-day inflow streak. Minor inflows were noted in Solana ETFs.

Institutional hesitance in light of global macro challenges is driving the sell-off. Global liquidity has been constrained by escalating US-EU trade tensions, tariff fears, and a sell-off of Japanese government bonds. Consequently, BTC dipped below $89,000, and Ether fell beneath $3,000.

Data from on-chain analysis shows that large BTC holders are still increasing, indicating that long-term confidence persists despite the ETF outflows.

BTC + ETH ETFs see another $700m in outflows
On Tuesday, spot bitcoin ETFs recorded $483M in outflows, while ether ETFs noted $230m.
Analysts suggest that outflows signify institutional derisking amid US-EU tensions over Greenland.
“Trump’s tariff threats over Greenland were not well… pic.twitter.com/RHvky5AX0w

— Danny Kunwoong Park (@ParkKunwoong) January 21, 2026

The ETF withdrawals could impose short-term pressure on the cryptocurrency; however, ongoing whale accumulation indicates a promising outlook. Institutional demand for BTC may quickly resurface once macroeconomic worries alleviate.

Bitcoin Price Forecast: $89K Breakdown Highlights $86K Support

The Bitcoin price forecast is bearish as BTC trades near $89,800 following rejection at the $92,000–$93,000 range. On the 2-hour chart, the price has dropped below the rising trendline of January’s uptrend, indicating a structural loss rather than a mere pullback. Strong bearish candles propelled the sell-off, and smaller recovery candles suggest sellers remain active while buyers are hesitant.

BTC/USD Price Chart – Source: Tradingview

The price resides within a descending channel. Both the 50-EMA and 200-EMA now serve as resistance near $92,000. This decline corresponds with a 38.2% Fibonacci retracement, emphasizing this consolidation area. Key support levels are at $87,400 and $85,900, while resistance is found at $90,400 and $92,300.

The Relative Strength Index (RSI) has bounced from 25 and is currently below 50, suggesting weak momentum with no definitive reversal.

Trade idea: Sell below $90,500, target $86,000, stop at $92,600.

Bitcoin Hyper: The Next Advancement of BTC on Solana?

Bitcoin Hyper ($HYPER) is ushering in a new era for the Bitcoin ecosystem. While BTC remains the benchmark for security, Bitcoin Hyper introduces what it has always lacked: Solana-like speed. The outcome: rapid, low-cost smart contracts, decentralized applications, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the project prioritizes trust and scalability as adoption grows. The momentum is already robust, with the presale surpassing $30.8 million, and tokens priced at only $0.013605 before the next increase.

As Bitcoin activity increases and the demand for efficient BTC-based applications rises, Bitcoin Hyper emerges as the connecting link between two of crypto’s largest ecosystems. If Bitcoin established the foundation, Bitcoin Hyper could enhance it to be fast, flexible, and enjoyable once more.

Click Here to Engage in the Presale

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