Spot Bitcoin ETFs finally saw money coming in on January 26, 2026. This was the first positive day after 5 straight trading days of money leaving. The inflows were small. Still, they hint that investor fear may be cooling down. This comes after Bitcoin dropped sharply below $90,000.
Data from SoSoValue shows US spot Bitcoin ETFs recorded net inflows of $6.84 million on the day. This ended a clear outflow streak. The amount is not big compared to past rallies. But it suggests that panic selling may be slowing.
BlackRock’s IBIT led the inflows. It pulled in $15.93 million. On the other side, Bitwise’s BITB saw the biggest outflow at $10.97 million. Overall, the market leaned slightly positive.
Other crypto ETFs also saw interest return. Spot Ethereum ETFs recorded $117 million in inflows after 4 days of losses. Solana spot ETFs attracted $2.46 million. All of that came from Bitwise’s Solana fund. Total assets in Solana ETFs now stand at $1.05 billion.
XRP spot ETFs also saw healthy demand. They recorded $7.76 million in inflows. Bitwise led again with $5.31 million. Total inflows into XRP spot ETFs have now crossed $1.24 billion.
Despite this one positive day, the bigger picture remains cautious. Global digital asset investment products saw $1.73 billion leave the market in the week ending January 23. This was the largest weekly outflow since mid November 2025. Bitcoin products alone made up $1.09 billion of that amount.
Bitcoin price action has been weak. After losing the $100,000 level, pressure increased. Macro issues and global uncertainty pushed Bitcoin below $87,000 at one point. At the same time, investors shifted toward gold and silver, which added more pressure on crypto.
The small ETF inflows on January 26 came as buyers tried to defend the $89,000 to $90,000 zone. Prices now appear to be moving sideways. Still, the heavy weekly outflows show that big institutions remain careful.
CryptoQuant shared data from Binance showing open interest remains high. This means many traders are still using leverage. According to the firm, selling pressure is balanced, but leverage has not been fully flushed out yet. This raises the risk of further downside if prices fall again.
QCP Group believes the pressure is coming from outside crypto. They point to global issues like trade tensions, US fiscal uncertainty, and worries around possible US Japan action to support the yen. These factors are pushing investors to reduce risk across markets.
Analysts say Bitcoin could dip below $85,000 if selling increases. In a worse case, $70,000 is also being discussed. On the flip side, if macro conditions ease and capital rotates back into Bitcoin, a move back toward $100,000 and higher is still possible.
