After Donald Trump’s victory in the US Presidential elections, Bitcoin experienced a significant bull run, breaking the $100,000 milestone and reaching a peak of $108,000. This was accompanied by substantial inflows into Bitcoin exchange-traded funds (ETFs), indicating strong investor interest.
However, the momentum shifted as Bitcoin ETFs saw four consecutive days of outflows starting from 19th December, amounting to a considerable $671.9 million in withdrawals. Major players such as BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares’ ARKB led the outflows. Amidst this trend, Bitwise’s BITB was the exception, recording inflows worth $8.5 million. This shift from inflows to outflows coincided with a significant drop in Bitcoin’s price to $94K on 24th December.
This decline comes in the wake of predictions of a potential market slowdown. Historical data suggests that the current rally may lose momentum following Trump’s inauguration on 20th January 2025. However, Bitcoin’s latest price movements indicate a potential shift, with BTC trading at $98,052.98, reflecting a 4.18% surge in the past 24 hours.
On the other hand, Ethereum has been gaining investor interest. Ethereum ETFs recorded inflows of $53.6 million, indicating a growing investor preference for Ethereum over Bitcoin. Ethereum’s price remains stable around $3,400, while Bitcoin is inching closer to the critical $100,000 threshold. Despite the market uncertainty, signs of recovery hint at a strong year-end finish.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。