Weekly Research Recap 26 Jan - 01 Feb 2026

Weekly Recap Research

Bitcoin sheds $80,000 after money flows out of ETF funds over $1.6 billion in a single month

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Bitcoin plunged past the $80,000 level in late January 2026 under pressure from the cash flow in the US Spot Bitcoin ETF, which netted more than $1.6 billion in a single month, marking one of the third highest outflow months since the fund launched. The move continued as the strong selling force in the last working day of the month resulted in a weakening Bitcoin price. It comes in a range of about $77,800—$78,000 and is well below the average cost of many ETF holders for the first time since 2023.

Pressure from ETF banks is not limited to Bitcoin, with the Ethereum Spot ETF facing continued cash outflows. Alongside a negative atmosphere in the overall crypto market driven by macroeconomic factors and monetary policy stance, spot buybacks have also been found in some products and tokens such as Solana and XRP ETFs. That still has a periodic inflow of funds, reflecting that institutional investors' risk reduction occurs more selectively than withdrawals from the digital asset market as a whole.

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JPMorgan Analyses Bitcoin is also stronger than gold and silver in a long-term investment perspective.

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JPMorgan assesses that Bitcoin still has potential and strength as a dominant comparative asset over “gold” and “silver” considering its level of investor acceptance and liquidity in the market. The bank's long-term view points to the fact that although Bitcoin is highly volatile, structural growth, both in terms of institutional and general user acceptance, as well as product development. Related financials have created a unique prominence for this digital asset that it is difficult to overlook compared to traditional hedging assets.

The bank's analysts added that at current price levels, although Bitcoin will fluctuate according to market conditions, there are still fundamental factors supporting long-term growth. The development of surrounding infrastructure such as Spot ETFs and regulated financial instruments, which help broaden the choice for investors. At the same time, the entry of major players and financial institutions is also a key variable. Reinforced sentiment, resulting in JPMorgan continuing to give more weight to Bitcoin as an asset for long-term portfolio rebalancing, rather than any other precious metal.

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Top Net flows

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The recent flow of capital in the crypto market clearly reflects the movement of money between the networks. Based on 7 days of Net Flow data, Base was found to be a network with a maximum inflow of around $110—120 million, followed by Injective of about $80 million and Hyperliquid around $60 million. The picture suggests that investors are still looking for opportunities in networks with DeFi applications and trading activities. Ding continues to grow, while Polygon PoS and Starknet have inflows in the range of around $15—$25 million, reflecting that capital flows continue to circulate within the market, despite the volatility of the crypto price picture.

In contrast, mainstream networks like Ethereum had the most cash outflows at around $110—120 million, while Berachain and Arbitrum had capital outflows in the range of around $60—70 million and $40—50 million, respectively. The picture reflects short-term fund-shifting behavior to networks with more notable returns or new activity, so the week's overview is not indicative. It reaches the outflow from the crypto market as a whole, but it is a rebalancing and circulation of funds between the Ecosystem in search of opportunities in conditions where the market is still in cautious mode.

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

January 26 — February 1, 2026, sentiment in the crypto market dropped significantly, with the Crypto Fear & Greed Index falling to 13 points, entering the Extreme Fear zone. Reflecting investor concerns later on, the price of Bitcoin fell from around $88,000—89,000 at the beginning of the week, moving near the $79,000—80,000 range. The end of the week resulted in the investment atmosphere shifting into risk avoidance mode, with many investors opting to delay their purchases.

Even during January 31, the Sentiment Index temporarily recovered to near 20—21 points, following the price rebound, but the selling force returned to the pressure in early February, returning the index to the Extreme Fear zone. The overall picture reflects that the market is still in a correction phase and waiting for new positive factors to regain confidence. Strong, as investors continue to keep an eye on the direction of institutional funding and macroeconomic factors that will play a role in the direction of the market next February.

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Bitcoin ETF Flow

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January 26 — February 1, 2026, sentiment in the crypto market dropped significantly, with the Crypto Fear & Greed Index falling to 13 points, entering the Extreme Fear zone. Reflecting investor concerns later on, the price of Bitcoin fell from around $88,000—89,000 at the beginning of the week, moving near the $79,000—80,000 range. The end of the week resulted in the investment atmosphere shifting into risk avoidance mode, with many investors opting to delay their purchases.

Even during January 31, the Sentiment Index temporarily recovered to near 20—21 points, following the price rebound, but the selling force returned to the pressure in early February, returning the index to the Extreme Fear zone. The overall picture reflects that the market is still in a correction phase and waiting for new positive factors to regain confidence. Strong, as investors continue to keep an eye on the direction of institutional funding and macroeconomic factors that will play a role in the direction of the market next February.

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Ethereum ETF Flow

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The week of January 26 — February 1, 2026, the cash flow on the Ethereum Spot ETF continued to reflect the continued adjustment of institutional investors' portfolios. Early in the week also faced mainly outflows, such as on January 27, with a net outflow of about $63.6 million, and on January 29, rising to about $155.7 million before the selling force resumed. RALLIED AGAIN ON JANUARY 30, WITH OUTFLOWS REACHING AROUND $252.9 MILLION. THE PICTURE REFLECTS THAT INVESTORS CONTINUE TO REDUCE RISK AMID THE OVERALL CRYPTO MARKET'S VOLATILITY LATE IN THE MONTH.

However, in the period prior to January 26, the market continued to see net inflows of around $117 million, reflecting that there is still periodic rebound. Despite the picture as a whole week being net cash outflows, this condition suggests that the market is still in a period of adjustment and short-term capital turnover, rather than a change in the long-term trend of interest in digital assets. Investors are still waiting for new factors to come in to determine the direction of the market next February.

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Important news:

Trump Sets Crypto Supporter “Kevin Warsh” as Next Fed Chair Option

Vitalik Buterin Invests About $45 Million in ETH to Support Open-Source Security and Privacy Projects

CFTC and SEC Collaborate on 'Project Crypto' Overhaul of Regulation Supporting Digital Assets as Congress Moves Forward crypto

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Source:

https://defillama.com/chain/base

https://coinmarketcap.com/etf/bitcoin/

https://coinmarketcap.com/etf/ethereum/

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Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

Thank you for following.

J.P. Daniel