US Spot Bitcoin ETFs Pull in Nearly $1B for a Third Straight Week
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
The BTC/USD pair remains within a medium-term downtrend, although last week’s price action was mixed. After U.S. forces launched Operation “Midnight Hammer” and Venezuelan leader Nicolás Maduro and his wife, Cilia Flores, were reportedly arrested on narco-terrorism charges, BTC rallied toward 94,700.00. Later, however, concerns about a potential January pause in the Federal Reserve’s easing cycle resurfaced, and “digital gold” gave back all of its gains. Today, price is attempting to regain upside momentum, with escalating tensions between the White House and the Fed potentially acting as a key catalyst.
Today marks a decisive moment for Donald Trump’s tariffs. Billions of dollars in potential refunds and sharp market moves — including in Bitcoin — are at stake. The crypto market has taken a wait-and-see stance, with price action remaining subdued.
The BTC/USD pair is holding near 92,560.76, as market participants remain focused on forecasts from leading analysts regarding the future trajectory of the leading cryptocurrency this year.
The likelihood of a deep correction in the crypto market amid the U.S.–Venezuela conflict is extremely low, according to MN Trading founder Michaël van de Poppe.
Bitcoin is ending the year below last year’s level and continues to move sideways. The market is waiting for new catalysts in 2026.
Last week, the BTC/USD pair consolidated in the 87,500.00–89,500.00 range amid reduced trading volumes due to the Catholic Christmas holidays. However, today prices have already returned to the 90,000.00 area. Analysts do not share a single view on the drivers behind the recent upward move, but some believe it may be supported by expectations of progress toward a resolution of the Russia–Ukraine conflict, after U.S. President Donald Trump stated that significant advances had been made in negotiations.
During the Christmas holidays, liquidity on cryptocurrency exchanges traditionally declines, and this year the market clearly demonstrated the risks associated with thin trading conditions. On Binance, the price of Bitcoin briefly collapsed by more than 70%, dropping to around $24,000.
Historically, a so-called Christmas rally occurs in the stock market in around 78% of cases. However, the cryptocurrency market has yet to confirm a similar scenario. Clear signs of a trend reversal are still absent.
Last week, the BTC/USD pair showed mixed price action: the price initially declined toward the 84,365.00 area amid uncertainty surrounding the Federal Reserve’s monetary policy outlook for early next year. However, on Friday, Bitcoin recovered part of its losses and stabilized within a narrow range between 87,500.00 and 89,500.00.
On-chain analytics firm CryptoQuant believes that Bitcoin has already entered a bearish phase of the current market cycle. In a report published on Friday, the analysts point to a clear weakening in demand: according to their estimates, since early October 2025 it has consistently remained below the long-term trend. After three strong demand waves observed since 2023, the market has effectively lost a key pillar that previously supported further price growth.
Fidelity’s Director of Global Macro, Jurien Timmer, has warned that Bitcoin may be entering a bearish phase, arguing that the correction seen in November could mark the beginning of a broader and more prolonged downturn.
Crypto asset manager Bitwise has published a forward-looking report for the coming year outlining ten key theses. In the document, analysts present a clearly bullish medium-term outlook for Bitcoin and expect new all-time highs as early as 2026.