There are increasing signs in the crypto market indicating that the selloff may be coming to an end. Among these is the stabilization of outflows from ETFs. This was reported by analysts at JPMorgan, according to CoinDesk.
“Signs of a bottom being reached in January are also observed in other crypto indicators related to perpetual futures and positions on the Chicago Mercantile Exchange,” the experts shared.
Researchers noted a divergence in the performance of equity funds and crypto ETFs in December 2025. The former attracted $235 billion, while the latter lost over $1 billion.
Monthly dynamics of spot BTC-ETFs. Source: SoSoValue.However, data from January indicates a decrease in selling pressure and a stabilization of inflows into Bitcoin and Ethereum exchange-traded products.
According to JPMorgan analysts, the preliminary recovery is supported by MSCI's decision not to exclude the first cryptocurrency and DAT companies from its global equity indices during the review in February 2026.
The bank also pointed out misconceptions regarding liquidity reduction in the crypto market. According to the report, metrics remained within normal ranges even during the correction, and the negative dynamics were primarily driven by panic among investors.
Experts concluded that most of the crypto selloff is "already behind us." Current factors suggest a possible bottom has been reached rather than the beginning of a new downward phase.
Recall that Kit Alan, co-founder of the trading resource Material Indicators, stated that the first cryptocurrency is unlikely to reach a new all-time high in 2026.