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Author: Yuan Shan Dong Jian
Data sources: Farside Investors, SoSoValue, Federal Reserve H.4.1 Report, CryptoQuant
On the first trading day of 2026, BTC ETF saw a net inflow of $471 million in a single day.
What does this number mean?
In November and December, the total net outflow of spot BTC ETFs was approximately $4.57 billion; among them, December alone had a net outflow of about $1.09 billion.
Many people were frantically cutting losses above 93K, while institutions bought back about one-tenth in just one day on January 2.
At the same time, the following also occurred:
- The Federal Reserve's balance sheet increased by approximately $59.4 billion week-over-week (WALCL: as of 12/31, it was $6.6406 trillion, an increase of about $59.4 billion from 12/24)
- New giant whale holdings surpassed 100,000 BTC ($12 billion)