#USPPIJump O PPI for December 2025 (released on 30/Jan/2026) came in much hotter than expected: +0.5% MoM (against a forecast of +0.2%) and +3.0% YoY. It was the largest increase in 5 months, with strong services and some costs from tariffs/imports. HH concern about persistent inflation in 2026, which may cause the Fed to keep interest rates high for longer. The next PPI (January 2026) will only be released on 27/February. This helps explain part of the selling pressure in risk assets (including crypto) at the end of January.
#BitcoinETFWatch Bitcoin ETF flows are quite volatile at the beginning of 2026. After strong inflows (e.g., BlackRock IBIT and others pulling), we had a heavy wave of outflows in the last week of January — around US$1.1–1.7B in weekly outflows on some days, with peaks of nearly US$1B in a single day. This contributed to the correction of BTC (which fell below US$80k at some recent moments). The historical cumulative of spot ETFs remains positive (+US$55–60B+ since launch), but 2026 started with net outflows on several days.
Total AUM in the range of US$110–120B.
Main reason: institutional repositioning + overall volatility, not the end of long-term demand. The market is watching whether inflows return strongly or if the correction continues.
#USGovShutdown There was a very real risk of a partial shutdown at the end of January/beginning of February 2026. Funding for several agencies expired on 30/January, and Congress took time to approve it. The Senate passed a package at the last minute (Friday night), but the House only reconvened on Monday, so parts of the government went into technical lapse at midnight on Friday. It was partial: agencies like DOD, DHS, HHS, Education, Transportation, and others without full-year funding would be affected.
Expected duration short (days, not weeks), and the risk decreased significantly after the Senate agreement. Economic impact: loss of salary for federal workers and some friction, but nothing catastrophic if brief. Now it seems controlled, but shows how the budget issue remains sensitive.$BTC
