Bitcoin’s price surged above $97,000 with a $1.5 billion net inflow into US spot Bitcoin ETFs this year. Analysts see a shift in demand after months of sideways trading.

ETF buyers contributed $843.6 million on Wednesday, totaling $1.07 billion for the week. The market may have passed its cyclical high, following a historic pattern.

Bitcoin’s 2025 rally didn’t lead to a sustained altcoin season due to mixed performance. Wintermute suggests a structural shift in Bitcoin markets and stronger performance across major cryptocurrencies for broader wealth effect.

Read more at Cointelegraph: Bitcoin Price Rallies in January as ETF inflows signal demand shift