Bitcoin ATH window faces $1.29B Dec outflows, $1.32B Jan exodus before Jan 27–28 FOMC

U.S. spot Bitcoin ETFs saw $1.29 billion in net outflows from Dec. 15–31, 2025, followed by $681 million in the first full week of Jan. 2026 and a four-day $1.32 billion drawdown from Jan. 20–23. A single-day inflow of $840.6 million hit Jan. 14 as BTC traded above $97,000. The FOMC meets Jan. 27–28, setting a near-term policy test.