BlackRock’s flagship Bitcoin fund, IBIT, recorded its largest single-day inflows in nearly three months. Subsequently, Bitcoin managed to break above $92k as the January effect goes into full swing.

According to data from Farside Investors, BlackRock’s IBIT drew in $287.4 million in net inflows on Friday, Jan. 2, marking its largest single-day inflows since Oct. 8, when it experienced inflows of $426.2 million.

IBIT’s inflow momentum spread onto other Bitcoin ETFs, with Fidelity’s FBTC bringing in $88.1 million from investors while Bitwise’s BITB drew in $41.5 million on the day. The remaining Bitcoin ETFs together contributed $54.3 million in inflows. Notably, none of the BTC ETFs recorded any outflows.

Together, Bitcoin ETF inflows on Friday tallied up to $471.3 million, the largest combined daily inflows recorded since Nov. 11’s $524 million, offsetting earlier outflows and bringing net inflows for the week to $458.7 million.

The surge in Bitcoin ETF inflows has been partly driven by the January effect, as investors rebalance portfolios at the start of the year following Bitcoin’s relative underperformance in late 2025.

Meanwhile, the latest inflows come after Bitcoin ETFs closed out another strong year. According to a report from crypto.news, these investment products accounted for 67% of nearly $32 billion in total inflows into crypto ETFs. BlackRock dominated the sector, with its Bitcoin funds ending 2025 with nearly $24.7 billion in combined inflows.

At the same time, Investors are pouring into Bitcoin as markets reacted to heightened geopolitical tensions after the U.S. captured Venezuelan President Nicolás Maduro over the weekend. The development has extended Bitcoin’s rally into a fourth consecutive day, with the asset rising from around $87,480 on Jan. 1 to an intraday high of $93,169 on Monday.

Investors are increasingly pricing in Bitcoin’s role as a geopolitical safe haven and viewing the Trump administration’s America First policy as a catalyst for its adoption as both a strategic asset and a vital macro hedge against global instability.

Bitcoin price analysis

At press time, Bitcoin (BTC) price was up 3.3% over the past 7 days and 9% from its December low. Trading at around $92,500, its gains extend to nearly 14% from its November low. However, it still remains 26.6% below its all-time high in October.

On the daily chart, Bitcoin price has confirmed a breakout from a symmetrical triangle pattern characterized by two converging trendlines. 

When an asset’s price breaks out from the upper side of the pattern, as shown for Bitcoin on the chart, the move has often been followed by more upside, at least in the short term.

For now, $91,488, which aligns with the 23.6% Fibonacci retracement level, will be the key support level to watch. If Bitcoin price remains steady above this level over the coming sessions, bulls could likely push for a rally toward its December high of $94,267.