Bitcoin ETF Flows Turn Two-Way as Sell-Off Loses Steam

JPMorgan analysts have observed that the late-2025 crypto sell-off is losing momentum as Bitcoin ETF activity shows balanced inflows and outflows.

The bank notes that this shift in market patterns indicates investor risk reduction may be concluding, rather than a structural breakdown or panic selling.

The recent Bitcoin price has stabilized around $90,944 on January 9, up 2.6% over the previous week, while Ethereum hovered near $3,100, up over 3% during the same period.

JPMorgan research indicates that the late-2025 decline was 'de-risking,' rather than a fundamental problem, with investors reducing exposure across stocks and digital assets as macro uncertainty rose.