ETF flows have turned supportive, but confirmation is still missing

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	Forwarded this email? Subscribe here for more A Fragile Recovery Path for Bitcoin ETF flows have turned supportive, but confirmation is still missing Ecoinometrics Jan 19 ∙ Preview   READ IN APP   Bitcoin tried and failed to break above $95K again last week. At the same time, markets started the week on edge, with renewed U.S. tariff threats adding fresh uncertainty across risk assets. On the surface, Bitcoin’s price action still looks fragile. But beneath the price, something important has changed. For the first time in months, rolling ETF flows have turned positive. That doesn’t mean the recovery is confirmed, and it doesn’t make the setup suddenly robust. But it does change the balance of risks. When demand stops deteriorating and starts to stabilize, it’s worth paying attention. So in this issue, we’ll step back and look at what’s actually shifting and what still needs to be proven. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 35,000 professional investors and fund managers: Upgrade to paid Ready? Let’s dig into the data. A Fragile Recovery Path for Bitcoin The Takeaway Bitcoin’s price action remains fragile, but the underlying demand picture has begun to improve. ETF flows have turned positive for the first time in months, which shifts the balance of risks away from continued downside and toward early recovery. Importantly, the market is not yet overheated, leaving room for upside if inflows persist... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe