Bitcoin’s price rose to $95,000 as U.S. spot BTC ETFs report inflows of $753 million

On Wednesday, Bitcoin surpassed the $95,000 threshold due to robust demand for spot exchange-traded funds and a reduction in futures selling pressure, which stabilized market sentiment following weeks of significant volatility.

As of the latest update, Bitcoin was trading for approximately $95,033, reflecting a 3.2% increase in the last 24 hours. The asset has increased approximately 6% in the last month, although it is still 26% lower than its peak of $120,080 in October 2025.

Trading activity increased significantly. The 24-hour trading volume of Bitcoin surged by roughly 60% to $68 billion, indicating a resurgence of engagement in both spot and futures markets. CoinGlass data indicates that open interest rose around 6% to $64 billion, while derivatives volume surged by 29% to $110.3 billion.

Instead of traders reducing their exposure, increasing open interest and volume frequently indicate the establishment of new positions in the market. This suggests that following a recent flush, leverage is being restored, potentially intensifying price fluctuations in both directions.

Spot Bitcoin ETFs exhibit significant inflows

Spot ETF inflows served as a significant catalyst. On January 13, U.S. spot Bitcoin ETFs experienced net inflows of $753.7 million, marking the highest single-day total in three months, according to SoSoValue statistics.

Fidelity's FBTC topped with $351.3 million, succeeded by Bitwise's BITB at $159.4 million and BlackRock's IBIT at $126.2 million. Increased inflows were noted in ARKB, Grayscale’s Bitcoin Mini ETF, VanEck’s HODL, and WisdomTree’s BTCW.

ETF inflows are significant as they indicate direct spot purchases instead of leveraged exposure. Consistent inflows reduce the available supply on exchanges and can support prices during downturns, especially when retail activity is low.

Data from CryptoQuant indicates a significant reduction in selling pressure from futures markets. In a January 13 research, CryptoQuant contributor Darkfost observed that Bitcoin’s Net Taker Volume, which measures the dominance of buyers or sellers in futures order books, has decreased from a monthly average low of -$489 million to approximately -$51 million.

The disparity has significantly diminished, while sellers continue to marginally exceed buyers. This alteration, combined with more consistent price movements, suggests that traders are exhibiting reduced aggression in selling.

Technical analysis of Bitcoin prices

From a technical standpoint, Bitcoin has restored its short-term framework. The price currently remains above the 10-day, 20-day, and 50-day moving averages, which converge in the low $90,000s and serve as multiple layers of support.

The bulls must safeguard this zone, as a daily close beneath it would jeopardize the ongoing rally.

On the positive side, immediate resistance is located around $96,000–$97,000, coinciding with the 100-day moving average. A transition towards the psychological $100,000 threshold, coinciding with the 200-day average, might occur with a definitive breach and sustained position above this area.

Following a phase of constricted compression, Bollinger Bands are commencing to expand, typically signifying the resurgence of volatility. The price is trading in the upper half of the range, which supports continuance as long as the support level remains intact.

Momentum indicators are not overextended; yet, they exhibit a positive inclination. The relative strength index is approximately 65, signifying strength without being overextended. While the MACD remains in the purchase zone, shorter-term oscillators indicate potential brief pauses following the recent surge.

Currently, traders will monitor Bitcoin's ability to maintain higher lows above the short-term averages. Maintaining that structure preserves upward potential; however, a breach of support would likely revert the price into consolidation. On the positive side, immediate resistance is located around $96,000–$97,000, coinciding with the 100-day moving average. A transition towards the psychological $100,000 threshold, coinciding with the 200-day average, might occur with a definitive breach and sustained position above this area.

Following a phase of constricted compression, Bollinger Bands are commencing to expand, frequently signifying the resurgence of volatility. The price is currently trading in the upper half of the range, which supports a continuation as long as the support level remains intact.