Bitcoin Price Faces a Make-or-Break Test at $93.7K as ETF Demand Rises

U.S. spot Bitcoin ETFs saw fresh inflows of $697 million on Jan. 5, as BTC held a key technical floor near $93,700. BlackRock’s IBIT led with $372 million in single-day net inflows.

Inflows Across Major Assets (Jan 5)

ETF Type	Net Inflow
Bitcoin (BTC)	$697 Million
Ethereum (ETH)	$168 Million
XRP	$46.10 Million
Solana (SOL)	$16.24 Million

BTC is currently defending a rising support line. A hold above $93,700 keeps buyers in control, while a break below could signal a deeper correction toward prior consolidation zones.