Bitcoin Tops $94,000 After Softer US CPI and Renewed ETF Inflows

Published: 2026-01-13 20:32:37 |

Bitcoin rallied past $94,000 after US CPI data showed cooler-than-expected inflation and renewed inflows into spot Bitcoin ETFs increased demand. The softer CPI headline/core prints reduced short-term rate-hike fears, boosting risk assets. Spot Bitcoin ETFs saw renewed buying, contributing significant dollar inflows and heightened on-chain and exchange activity. Major exchanges reported increased trading volumes while derivatives markets experienced rising open interest and liquidations on short positions. Analysts linked the move to a combination of macro relief (lower CPI) and concentrated institutional demand via ETFs. Short-term volatility rose as price climbed quickly; liquidity on some venues tightened, producing larger intraday swings. Key metrics: BTC price > $94,000, notable ETF inflows resumed, higher derivatives open interest and exchange volumes. Traders should watch ETF flow data, US macro releases, funding rates and order-book liquidity for near-term signals, while monitoring on-chain accumulation and regulatory developments for longer-term conviction.

Bullish

This news is broadly bullish for Bitcoin. Softer-than-expected US CPI reduces the likelihood of aggressive Fed tightening, which historically supports risk-on assets including BTC. Renewed inflows into spot Bitcoin ETFs are a direct demand source that can reduce circulating supply on exchanges and lift prices; similar ETF-driven rallies occurred after prior inflow reports in 2023–2024. Rising derivatives open interest and short liquidations indicate short-covering and fresh leverage on the upside, reinforcing momentum in the near term. However, rapid rallies increase short-term volatility and risk of pullbacks; traders should monitor ETF flow reports, funding rates (to detect overheating), order-book liquidity, and upcoming macro data that could reverse sentiment. Longer-term impact depends on sustained institutional demand, regulatory clarity, and macro trajectory — if ETF inflows persist and inflation remains subdued, the bullish case strengthens; if flows reverse or inflation surprises upside, the move could unwind.