Bitcoin Hits $92.5K as Spot ETF Inflows Boost Market Sentiment

The Bitcoin price has climbed 1.5% in the last 24 hours to trade at $92,558 as Spot Bitcoin ETFs have started 2026 with strong inflows as investors reset their positions for the new year.

Farside Investors data shows U.S. spot Bitcoin ETFs received $697 million on January 2, totaling over $1.1 billion in net inflows during the first two trading days. This is a big reversal from November and December, when $3.48 billion and $1.09 billion left these funds, respectively.

Analysts see this as a positive sign for Bitcoin holders. Geoff Kendrick from Standard Chartered said spot Bitcoin ETF flows were a key driver of Bitcoin’s price in 2025. Other crypto ETFs are also seeing gains. Spot Ether ETFs brought in $168 million, marking two days of inflows, while spot Solana ETFs received $16.8 million, continuing a 20-day streak.

Crypto spot ETF inflows are on fire

Since market open (2 days) $BTC +$1.2B$ETH +$342.5M pic.twitter.com/ixAoNP1Kd4

— Elisa (optimism/acc) (@eeelistar) January 6, 2026

Lacie Zhang from Bitget Wallet said this shows a “rebalancing phase,” as investors manage risks and liquidity while fundamentals stay positive. Renewed ETF inflows and more stablecoins suggest institutional buyers are supporting the market. Zhang said Bitcoin could reach $105,000 and Ether $3,600 as traders balance inflation concerns with crypto’s long-term growth story.

Matrixport noted the “clean-slate effect” of the new year helped the market reset after $30 billion in Bitcoin and Ether futures were unwound following October’s $19 billion crash. This left the market less crowded, giving cryptocurrencies room to move up.

Still, smart money traders tracked by Nansen are cautious on Bitcoin, holding $108 million in net short positions, but are bullish on Ether ($712 million net long) and XRP ($83 million net long), showing selective optimism in the market.

Bitcoin Eyes $95K After Breaking $90K Resistance on 4H Chart

The Bitcoin (BTC/USD) chart shows a clear bullish structure on the 4-hour timeframe. The price recently broke above the key horizontal resistance near $90,000, signaling a strong bullish breakout. This breakout follows the formation of a parabolic curve that began near $85,000, indicating growing upward momentum.

The parabolic trajectory suggests that buyers are gradually gaining confidence, pushing BTC toward higher levels. The breakout above $90,000 not only confirms the bullish trend but also indicates that previous resistance may now act as support, providing a foundation for further upside.

BTCUSD Chart Analysis Source: Tradingview

The Relative Strength Index (RSI) supports the bullish case but shows a recent pullback from overbought territory. Currently, the RSI sits around 55.65 after peaking near 70.86, indicating that the market is cooling down after strong buying activity. This retracement could offer a healthy consolidation period, allowing momentum to stabilize before potentially continuing higher.

Historically, such pullbacks in RSI within an overall bullish trend often precede another leg up, especially after a parabolic curve has formed. The breakout is backed by higher lows leading up to the surge past resistance, reinforcing the bullish bias. Short-term traders may watch for BTC to retest the $90,000 level, now acting as support, as a potential entry point.

If the price holds above this level, the next psychological target lies around $95,000, with the potential for a further run toward $100,000 if buying pressure persists. The chart does not indicate any immediate reversal signals, although traders should remain cautious of rapid overextension after the parabolic move.

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