The cryptocurrency market witnessed a significant shift on January 26, 2026, with spot Bitcoin exchange-traded funds (ETFs) recording positive inflows after a five-day streak of outflows. Although the gains were modest, this uptick could signal a stabilization in investor sentiment amid recent market volatility that saw Bitcoin prices diving below the $90,000 mark.
Spot Bitcoin ETFs Bounce Back
According to data from SoSoValue, US spot Bitcoin ETFs recorded net inflows of $6.84 million. While this number pales in comparison to previous cycles, it hints at a potential slowdown in capital outflows. Notably, BlackRock’s IBIT led the market gains, attracting $15.93 million in inflows. Conversely, Bitwise’s BITB experienced the largest outflow, totaling $10.97 million.
This upward trend was not isolated to Bitcoin. Spot Ethereum ETFs posted an impressive $117 million in net inflows after enduring four days of outflows. Similarly, Solana spot ETFs saw $2.46 million in inflows, led by Bitwise’s BSOL, pushing their net assets to $1.05 billion. XRP spot ETFs also joined the rally, recording $7.76 million in inflows, primarily driven by Bitwise’s $5.31 million influx. Cumulative spot XRP ETF inflows have now surpassed $1.24 billion.
Market Sentiment and Macroeconomic Factors
Despite these inflows, the overall market remains cautious. Over the week ending January 23, global digital asset investment products saw net outflows of $1.73 billion, marking the largest outflows since mid-November 2025. Bitcoin alone accounted for $1.09 billion of this total, reflecting the cryptocurrency’s declining sentiment.
The ongoing fluctuation in Bitcoin prices, exacerbated by macroeconomic and geopolitical pressures, has kept the benchmark cryptocurrency under significant pressure. Having fallen below the $100,000 mark, Bitcoin is now consolidating between $89,000 and $90,000. Analysts are closely monitoring this range as a pivotal point for future market movements.
What Analysts Say
CryptoQuant analysts highlight elevated open interest in Bitcoin, alongside balanced selling pressure. This indicates the market remains heavily leveraged, with no significant unwinding despite recent price corrections. Similarly, QCP Group points to macroeconomic instability, citing factors like US tariff rhetoric, fiscal uncertainty, and potential US-Japan monetary interventions as key contributors to the overall market caution.
Looking ahead, analysts project a potential dip toward support levels below $85,000, with $70,000 in play if bearish sentiment intensifies. On the flip side, if Bitcoin can navigate current macroeconomic challenges, a rotation back into BTC could spark a rally pushing prices beyond $100,000.
Final Thoughts and Recommendations
For investors seeking exposure to the cryptocurrency market through ETFs, now might be a cautious yet strategic time to explore options. Consider platforms like eToro, which provides easy access to Bitcoin and Ethereum ETFs, or diversified crypto portfolios for long-term growth potential.
While the market remains unpredictable, the modest inflows into Bitcoin, Ethereum, and other spot ETFs suggest a potential turning point in sentiment. As always, thorough research and a balanced portfolio are key to navigating these volatile waters.
