The spot ETF for Bitcoin has seen a net outflow today, with the market awaiting changes in data on the last day of the year. Despite a rise in Bitcoin prices, it still hovers around $95,000, with overall support levels remaining stable.
Notably, the US spot ETF has seen a total outflow of 2,991 Bitcoins, with BlackRock experiencing an outflow of nearly 400, and Fidelity seeing over 1,600 outflows, while Grayscale and VanEck combined only saw an inflow of 42.
In light of such large outflows, many investors are concerned whether the BTC bull market has come to an end.
However, the current holdings of Bitcoin in the US still stand at 1,127,442 coins, which is less than 1.5% off from its peak, indicating that the majority of investors maintain an optimistic outlook.
The trend of Bitcoin also needs to be monitored in relation to the US economic situation and Trump's support for the cryptocurrency industry, especially during the transition of power, as market sentiment may boil over again, triggering a FOMO frenzy. Let us wait and see the future performance of Bitcoin.