Bitcoin needs trading volume boost to rally above $105K in January
Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
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Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
BlackRock’s IBIT has also seen a record three consecutive trading days of outflows.
Steno predicts Bitcoin at $150,000 and Ether at $8,000, setting the stage for an altcoin season in 2025.
They still lag BTC ETFs, which closed out 2024 with upwards of $35 billion in net inflows.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.
US spot Bitcoin ETFs have notched a positive net inflow nearing half a billion after four trading days which bled over $1.5 billion.
Bitcoin struggles below $100,000 amid holiday illiquidity, but analysts predict a rally above $105,000 post-Christmas, citing macro trends.
Despite price corrections, digital assets funds closed the week with positive net flows totaling $308 million.
Bitcoin ETFs see record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.
