According to BlockBeats, on January 7, Bitwise released its macro investor report for Bitcoin in January 2025, indicating that the crypto market will face macro headwinds such as profit-taking and reduced institutional exposure by December 2024. The appreciation of the dollar and adjustments in Federal Reserve policy have tightened the financial environment, but Bitcoin still receives support from on-chain data.
Despite short-term risks, long-term favorable factors such as the Bitcoin halving and strategic reserves support the expectation of a significant price appreciation, with projections that Bitcoin will outperform traditional assets in 2025 and beyond. Although the Federal Reserve lowered interest rates by 25 basis points in December, it hinted that future rates may be higher than expected.
The decline in global liquidity and the strengthening of the dollar put pressure on Bitcoin, which remains correlated with traditional markets like the S&P 500. On-chain, the demand from ETFs, corporate treasuries, and retail investors has created a supply gap for Bitcoin. Although some on-chain activities have cooled, key indicators such as declining exchange balances and rising hash rates show that market resilience remains strong.
