The cryptocurrency market strengthened in early 2026, with spot Bitcoin ETFs experiencing a net inflow of $459 million between December 29 and January 2, reversing previous weeks of outflows. Supported by institutional capital inflows, Bitcoin prices stabilized around $93,000, while on-chain indicators (such as realized market value) turned negative, indicating potential signs of market weakness. Analysts point out that although ETF capital inflows provide superficial support, sustained growth requires re-accumulation of on-chain capital, not just secondary market demand.

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