Analysts: Bitcoin ETFs have seen net inflows of $1.5 billion year-to-date, suggesting that buying pressure may have gradually absorbed selling pressure.

According to Mars Finance, on January 15th, Bloomberg ETF analyst Eric Balchunas wrote, "The Bitcoin ETF performed strongly yesterday, recording a net inflow of $843 million. Net inflows over the past week have reached $1 billion, and the cumulative net inflow year-to-date is approximately $1.5 billion. In terms of price, Bitcoin is currently around $97,000, after seemingly fluctuating around $88,000 for 'nearly six months.' The overall feeling is that buying pressure may have gradually been absorbed, or even exhausted, from selling pressure. Of course, the final outcome still needs further observation."