Bitcoin breaks through $92,970, ETF capital inflows remain strong but selling pressure still exists

SerumDegen · 2026-01-05T12:40:10+00:00

Bitcoin's recent performance has attracted attention, with spot ETF trading volume rebounding to $5 billion and prices rising over 1.6%, approaching $92,970. However, selling pressure still exists, and market buying demand remains weak. Analysts are cautious about the future upward trend and recommend focusing on traditional safe-haven assets, with market opinions clearly divided.

SerumDegen

2026-01-05 12:40:10

Abstract generation in progress

【Crypto World】Bitcoin’s recent performance has attracted considerable attention. The trading volume of the US spot Bitcoin ETF rebounded to over $5 billion, with products like BlackRock’s IBIT attracting an influx of $448 million. Supported by this wave of capital, BTC price increased by more than 1.6%, reaching around $92,970.

However, the story isn’t that simple. Although trading activity has risen, selling pressure in the market still seems to persist. The premium index on a major mainstream exchange remains negative (-0.196%), indicating that buy demand on the US side isn’t very strong. From a technical perspective, the RSI index is at 58.72, which theoretically leaves room for further upward movement.

But how far can this rally go? Some analysts remain cautious, considering it a fleeting surge, and even suggest investors shift their focus to traditional safe-haven assets like precious metals. Whether the market will continue to bullishly push Bitcoin higher or turn to other asset allocations is a point of clear divergence among market participants.

BTC-0.22%

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MetaverseVagabond

· 01-08 07:46

The premium index is still negative, which is quite awkward. --- 92,970 has already been reached, and you're still saying it's a flash in the pan? People said the same thing last year at this time. --- Hey, ETF funds look substantial, but the negative premium really makes me a bit uneasy. --- RSI is only around 58, there's still room to rise, everyone, don't rush to run away. --- Precious metals? Forget it, it's more exciting to watch Bitcoin's market. --- Can it break through this time? The premium index has me confused. --- The 5 billion trading volume rebound is indeed impressive, but it feels like the momentum isn't strong enough. --- A flash in the pan? You analysts always say that every time, so annoying. --- At this pace, 93,000 probably isn't the end point.

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Anon4461

· 01-08 05:49

The premium index is still negative. Can this rebound really last? It feels a bit虚啊 --- 92k and still hesitating? I just want to know if big institutions are really still accumulating --- The word "昙花一现" (a fleeting moment) is used perfectly haha, it does feel a bit like blowing bubbles --- Precious metals? Come on, wake up. We're not in the crypto world to hedge risks --- RSI is only around 58, still far from it. Don't be so pessimistic --- 4.48 billion flowing in, so what? It depends on whether institutions will follow up later --- What does negative premium indicate? It just shows that selling pressure is really high, and that's the key

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AirdropHunter007

· 01-05 13:10

Premium index is negative? That's outrageous. It feels like this wave of rise is just institutions cutting leeks. --- $93,000 is still repeatedly testing, I really don't know if it's going to surge or drop. I'm exhausted. --- BlackRock is bleeding us dry, retail investors are still in a daze. --- Nah, I still see it as bearish. RSI is only around 58, there's no sign of a breakout at all. --- A negative premium index indicates a problem; the money from the US hasn't entered the market at all. --- Are they going to cut us again? I know this trick all too well.

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NotGonnaMakeIt

· 01-05 13:07

Negative premium index, that's quite ironic. --- IBIT has raised over 400 million, but the premium is still negative. Feels like someone is dumping. --- Can the 92970 level really hold? I’m skeptical. --- Another wave of诱多? By the way, precious metals are not doing too well now. --- RSI is only 58.72, not yet at the top, but this negative premium makes me a bit anxious. --- Feels like the same old trick, first pump then crash, a game to make quick money. --- BlackRock is pouring money in, but the market is dumping. How do we play this? --- Is it institutions protecting the market or harvesting? Truly hard to tell. --- A fleeting bloom +1, I've seen too many of these market conditions. --- Switching to precious metals? Bro, precious metals are also falling.

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RektCoaster

· 01-05 13:05

The issue of negative premium really can't be sustained. What are the Americans up to again? --- 4.48 billion in inflows sounds substantial, but negative premium is really just giving latecomers a false sense of security. --- 92970 still want to continue? First, get the premium back to positive before talking. --- ETF data looks good, but the selling pressure is still there, which is a bit uncomfortable. --- RSI is only 58? There's room for further upward movement, but the question is, who dares to follow? --- BlackRock is again harvesting retail investors; this routine has been seen many times. --- Heard they're switching to precious metals? Laughs, they've found a good excuse to run away.

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fomo_fighter

· 01-05 13:00

The premium index is still negative; this detail is a bit heartbreaking. Hold on until 100k? I bet this move won't last long. Again with precious metals... this set of phrases is getting a bit annoying. Wait, is a trading volume of 5 billion really that strong? Feels less bullish than expected. Given this selling pressure, it's better to stay on the sidelines for now and avoid getting caught.

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IntrovertMetaverse

· 01-05 12:59

The negative premium is a bit hard to hold, it feels like something that looks glamorous on paper but has turbulent undercurrents underneath.

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blockBoy

· 01-05 12:50

The negative premium index still dares to push upward, isn't that self-deception? This rebound is just capital betting; don't be fooled by the 448 million. Honestly, the 92970 level is a bit risky, RSI is only around 58, and it's already hitting the ceiling? Precious metals? Alright everyone, you go bottom-fishing for gold while I keep trading. ETF data looks good, but with such heavy real-market selling pressure, who dares to buy?

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airdrop_huntress

· 01-05 12:42

The premium index is still negative; this rebound might be losing momentum.

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