The spot ETF for Bitcoin had a net outflow today, as the market waits for the final data before the year's end. Despite the price increase, it remains stable around $95,000. The U.S. spot ETF saw a total outflow of 2,991 Bitcoins, with BlackRock and Fidelity experiencing outflows of nearly 400 and over 1,600, respectively, while Grayscale and VanEck had a combined inflow of only 42.
The significant outflow has raised concerns among investors about whether the Bitcoin bull market has peaked. However, the Bitcoin holdings in the U.S. remain high at 1,127,442 coins, close to peak levels, indicating overall investor optimism.
The performance of Bitcoin will be influenced by the U.S. economy and Trump’s support for cryptocurrencies. Market sentiment may reignite during the power transition, triggering a FOMO craze. The future performance of Bitcoin is worth looking forward to.
