Bitcoin ETF Inflows Hit $840M as Price Returns to $97,000

Total net inflows for the day reached about $840.6 million, marking one of the strongest single-day readings this month, according to data from Farside Investors. Concurrently, Bitcoin’s price rebounded to approximately $97,000.

ETF Inflows Signal Renewed Institutional Demand

The inflows observed were broad-based, with BlackRock’s IBIT leading the surge by attracting roughly $648 million in a single session. This inflow is particularly significant as IBIT has increasingly become a primary indicator of institutional interest in Bitcoin.

Fidelity’s FBTC saw inflows of around $125 million. Additionally, products from ARK Invest, Franklin Templeton, and Valkyrie also recorded positive flows. Even Grayscale’s GBTC, which has been a consistent source of selling pressure in recent weeks, showed signs of stabilization with modest inflows.

Flows Reverse Early January Weakness

The significant inflow on January 14 followed another strong day on January 13, when spot Bitcoin ETFs had already accumulated approximately $753.8 million in net inflows. Combined, these two sessions brought nearly $1.6 billion back into ETF products.

This influx effectively counteracts the substantial outflows experienced between January 6 and January 9, during which roughly $1.4 billion exited the market amidst heightened volatility and risk-off sentiment. From a flow perspective, the market drawdown seen in early January has now been largely recovered.

Technical Momentum Aligns with Bullish Sentiment

Bitcoin’s price action is reinforcing the improving market sentiment. BTC has recovered to the vicinity of $97,000, and momentum indicators are signaling strength. On the 4-hour chart, the MACD (Moving Average Convergence Divergence) has turned firmly bullish, with the MACD line positioned well above the signal line and the histogram expanding in positive territory. This configuration typically indicates accelerating upside momentum rather than a late-stage rally.

The Relative Strength Index (RSI) further corroborates this bullish outlook. Readings near the 69–70 zone suggest strong bullish momentum without clear signs of exhaustion. Historically, in sustained uptrends, Bitcoin has often maintained elevated RSI levels for extended periods, which is indicative of trend strength rather than an impending reversal. When considered alongside the strong ETF inflows, this technical backdrop supports the view that market sentiment has decisively shifted towards a constructive outlook.