Bitcoin's New Year Diet: Less Inflow, More Glow! 🎉
- Bitcoin's been on a diet since November 2024, with exchange and miner outflows slimming down. Seems like BTC's shedding some selling pressure weight!
- November saw a peak inflow of 98,748 BTC, but December cooled off, ranging from 11,000 to 79,000 coins daily. Miners also eased up, sending less BTC to exchanges.
- Bitfinex analysts predict BTC might flex between $95K-$110K in January, but it needs more trading volume to pump those numbers up!
- Good news: $900M flowed into Bitcoin ETFs on Jan. 3, signaling renewed interest from traditional finance. Keep those fingers crossed!