Bitcoin at a crossroads as Yen carry trade unwinding triggers ETF outflows — BTC rejected near $94K, falls below $91K

first published 2026-01-07T06:51:42Z

U.S. spot Bitcoin ETFs recorded over $1.2 billion in net inflows in the first two trading days of 2026 (including $697 million in a single day), driven largely by BlackRock’s IBIT. If the current pace continues it could annualize to roughly $150 billion, a sharp increase from $21.4 billion in 2025. Morgan Stanley filed to launch Bitcoin and Solana ETFs, and analysts offer varied forecasts (Eric Balchunas: $20–$70B in 2026; some say sustained flows could help establish a six-figure Bitcoin floor by end of Q1).

AI Analysis

Large, concrete inflows ($1.2B in two days; $697M in one day) led by BlackRock’s IBIT indicate strong institutional demand; annualized pace estimate (~$150B) and Morgan Stanley’s ETF filing point to broader adoption, while analyst forecasts and the suggestion of a potential six-figure floor support bullish implications for Bitcoin price and market structure.

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