According to Deep Tide TechFlow news, on January 7, Bitwise released its macro investor report on Bitcoin for January 2025, indicating that the cryptocurrency market will face macro headwinds such as profit-taking and reduced institutional exposure in 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 positive factors such as Bitcoin halving and strategic reserves support expectations for a significant price increase, with projections indicating it will outperform traditional assets in 2025 and beyond. Although the Federal Reserve cut 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 continues to correlate with traditional markets like the S&P 500.
On-chain, the demand from ETFs, corporate treasury, and retail investors has created a supply gap for Bitcoin. Although some on-chain activity has cooled, key indicators such as the decline in exchange balances and the rise in hash rate show that market resilience remains strong.

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