Bitcoin climbed back above $88,000 on Jan. 1, trading at $88,024, HTX data show. The move marked a recovery above the key psychological level.

Centralized exchanges recorded a net outflow of 3,347.33 BTC on Jan. 1, Coinglass data show. Binance led outflows with 2,736.11 BTC, followed by Kraken at 1,439.79 BTC and Gate at 350.26 BTC. Bybit reported the largest inflow at 675.35 BTC.

Bitcoin could trigger an estimated $554M in cumulative short liquidations on major centralized exchanges if the price moves above $89,000, Coinglass data show, as cited by BlockBeats on Jan. 1. A drop below $86,000 would correspond to around $856M in total long liquidations across these CEXs. BlockBeats noted the liquidation heatmap does not represent the exact number or value of contracts to be liquidated, but instead indicates the relative importance or intensity of each liquidation cluster, with higher "liquidation bars" suggesting stronger market reactions driven by liquidity waves when the asset reaches those price levels.

Bitcoin closed 2025 below its January 1 opening price, marking the first annual decline in a post-halving year, BlockBeats reports. The latest halving occurred in April 2024; BTC reached $126,000 on October 6 before falling over 30% from that peak. Bitgrow Lab founder Vivek Sen said the four-year cycle is dead, while investor Armando Pantoja and 10x Research's Markus Thielen argued institutional flows and macro factors now shape cycle dynamics.

US spot Bitcoin ETFs recorded total net inflows of $22.9426 billion in 2025 through January 1, Farside Investors data show. The funds saw positive flows in the first ten months, with January bringing $4.5123 billion, February $2.8761 billion, March $3.9458 billion, April $2.1674 billion, May $1.8892 billion, June $2.7346 billion, July $3.2109 billion, August $1.4567 billion, September $2.0985 billion and October $2.8453 billion. The trend reversed in the final two months, with net outflows of $3.1564 billion in November and $1.6378 billion in December.

U.S. Bitcoin spot ETFs recorded a net outflow of $348.1 million on Jan. 1, Farside Investors data show. BlackRock's IBIT saw $99 million in net outflows, Fidelity's FBTC $66.6 million, and ARKB $76.5 million.

Tether increased its Bitcoin holdings by 8,888.8888 in Q4 2025, CEO Paolo Ardoino disclosed on social media on Jan. 1, BlockBeats reports. The company completed quarterly additions of 8,888 Bitcoin in Q1 and Q3 2025.

Ethereum has averaged a January return of +20.63% since 2016, with a median of +31.92% and 5 positive versus 4 negative years over the past nine Januarys, Coinglass data show. Bitcoin has averaged +3.81% in January since 2013, with a median of +0.62%, posting gains in 7 of the past 13 Januarys, according to the same data cited by BlockBeats on Dec. 31.