U.S. Bitcoin ETFs Record $987M Inflows Amid Bullish Trend

• Bitcoin surpasses $100,000 with record $987M ETF inflows, signaling strong bullish trends.
• Institutional demand surged as ETFs bought 9,500 BTC, 21x daily mining output, on January 6.
• Analysts set a $107K target as Bitcoin breaks resistance, fueling optimism for further growth.

Bitcoin has finally crossed the historical $100,000 mark amid another week of strong buying pressure and record levels of institutional investments. The milestone is significant in cryptocurrency as investors continue to pour more money into Bitcoin’s upward movement. On 6 January 2025, the U.S. Bitcoin spot ETFs attracted nearly $987 million in net investments, which shows that institutions are constantly increasing their investments in the digital asset.

Top ETF Investors

Fidelity’s Wise Origin Bitcoin Fund and BlackRock’s iShares Bitcoin ETF were some of the most active players. While the former bought $370.7 million in Bitcoin, the latter invested $209 million. ARK and Bitwise came second and third with investments of $153 million and $68 million, respectively. Altogether, these ETFs purchased more than 9,500 BTC in a day, which is more than 21 times the daily mining yield of 450 BTC.

Source: SoSo Value

Higher interest rates spurred a powerful bullish sentiment at the beginning of 2025. Data from the derivatives market support this trend. Bitcoin’s open interest has risen by 2.20% to $65.24 billion, and the long-to-short ratio remains bullish at 1.0227%. The OI-weighted funding rate has also increased to 0.0044%, showing that more traders are betting on further price appreciation.

Source: Coinglass

Liquidation data also provides a view into who drives the Bitcoin market, and it seems the bulls are in control. On the last day, the liquidation stood at $51.80m, with the shorts at $40.06m. Despite a bullish liquidation of $11.74 million, the data shows the growth of optimistic traders’ influence. 

Breaking Key Resistance

As reported by an analyst Rover in an X post on Tuesday, Bitcoin has technically moved out of a falling wedge pattern. The cryptocurrency broke and reversed a crucial resistance level to the upside, opening the door to further gains. Analysts are now aiming towards $107,000 as the possible next level. 

This comes after a phase of consolidation and profit taking on the back of the BTC/USD pair, which underpins the digital currency’s status as a store of value and a speculative commodity. While the world’s attention is still on Bitcoin’s rise, the psychological level of $100,000 can act as a starting point for the cryptocurrency’s further development.

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