Bitcoin price stalls near $91,000 as BlackRock's IBIT leads over $300m ETF redemptions on 12 January

On 12 January, Bitcoin's advance faded around the $91,000–$92,000 zone while U.S. spot Bitcoin ETFs posted another day of net outflows. BlackRock's IBIT vehicle drove most of the more than 3,700 BTC in redemptions, with on-chain data showing thousands of coins moved to Coinbase Prime and adding visible sell pressure to the market.