"Bitcoin's upward momentum stagnates, ETF fund outflows — has the bull market reached a turning point?"
Recently, Bitcoin [BTC] has strongly broken through historical highs, first crossing the $100,000 mark and setting a record of $108,000, becoming the focus of the market. However, starting from December 19, Bitcoin ETFs faced four consecutive days of fund outflows, totaling $671.9 million. On December 24 alone, the outflow reached $338.4 million, primarily from BlackRock ($188.7 million), Fidelity ($83.2 million), and ARK 21Shares ($75 million).
This outflow coincided with Bitcoin's price dropping from its peak to $94,000, raising concerns about waning enthusiasm from institutional investors. The underlying reason may be related to the market's reaction to the uncertainty of economic policies following Trump's new presidency. Historical data shows that asset prices in U.S. election years typically perform strongly before the elected president takes office, but may lose momentum thereafter. This raises the question of whether Bitcoin's upcoming trend will change due to market expectations.
Meanwhile, Ethereum [ETH] has become another highlight. Spot Ethereum ETFs recorded an inflow of $53.6 million during the same period, indicating investors' preference for its more stable performance. The ETH price is currently stable around $3,400, seeming to serve as a safe haven for more conservative funds compared to the volatile Bitcoin.
As Bitcoin's price rebounds to $98,000, market sentiment begins to recover. But will this recovery be sustained? Time will reveal the answer. Want to learn more about in-depth analysis of market dynamics? Follow us for insights, and together we can clear the fog and understand the trend!
