Overview
- Bitcoin traded near $91,000–$92,000 after an early‑week run into the mid‑$94,000s reversed, with broader crypto benchmarks also slipping on Wednesday.
- U.S. spot bitcoin ETFs took in roughly $1.2 billion over the first two trading days of 2026 before a $243 million net outflow on Jan. 6, with BlackRock’s IBIT drawing inflows as Fidelity’s FBTC and Grayscale’s GBTC saw redemptions.
- Roughly $460 million to $490 million in leveraged positions were liquidated over 24 hours, with longs bearing the bulk of the losses as liquidity thinned near recent highs.
- Derivatives positioning shows concentrated bets on a $100,000 strike for options expiring Jan. 30, reflecting bullish sentiment that has heightened near‑term volatility risk.
- Morgan Stanley filed for spot bitcoin and solana ETFs as XRP outperformance and fresh ETF inflows earlier in January signaled rotation even as large‑cap tokens pulled back midweek.