On January 6, 2025, Bitcoin ETF recorded an inflow of $75.2 million, as reported by @FarsideUK. This substantial inflow reflects a robust demand for Bitcoin through institutional investment vehicles. The data was sourced from Farside Investors' daily report, accessible at the provided link, which also includes disclaimers and additional data points.

This inflow can have significant implications for Bitcoin's price. Historically, when Bitcoin ETFs see such inflows, it often signals a bullish trend. For instance, on December 15, 2024, a similar inflow of $72.5 million was followed by a 3% increase in Bitcoin's price over the next week, according to data from CoinMetrics. The increased institutional interest could lead to higher demand and potentially drive Bitcoin's price upward in the short term. Additionally, the trading volume of Bitcoin on major exchanges like Binance and Coinbase increased by 10% and 8% respectively following the ETF inflow, as reported by TradingView at 14:00 UTC on January 6, 2025.

Technical indicators further support a bullish outlook. The Relative Strength Index (RSI) for Bitcoin was at 68 on January 6, 2025, according to TradingView, suggesting the market is not yet overbought but showing strong momentum. The moving average convergence divergence (MACD) also indicated a bullish crossover on the same day, as reported by Coinigy. Moreover, on-chain metrics reveal that the number of active Bitcoin addresses increased by 5% on January 6, 2025, as per data from Glassnode, indicating heightened network activity which often correlates with price appreciation.