A significant surge of capital flowed into digital asset investment products last week, marking the highest weekly total since October despite Bitcoin’s recent decline.
“In the current environment, macro factors and global tension, tariffs, etc., have a larger short-term impact on the market,” Nicolai Søndergaard, research analyst at Nansen, told Decrypt. “As such, even if we are seeing inflows, the crypto market has still taken quite a hit in recent months, and will need more stability before it, in isolation, will perform.”
In trending markets, ETFs are a key source of buying pressure. Recently, however, they have been a lagging indicator. Last week’s surge could therefore be a reaction to the early January buying pressure that briefly pushed Bitcoin toward $97,000.
Bitcoin’s drop this week still has room for recovery, especially as the higher-timeframe market structure remains constructive, with a pattern of higher lows and higher highs since mid-December 2025.
