On December 26, 2024, US spot ETFs $BTC purchased $475.2 million worth of Bitcoin. KULR Technology Group also announced the purchase of 217.18 Bitcoins for a total value of $21 million, at an average price of $96,556/BTC. BlackRock: Added 430,770 Bitcoin ETF shares, worth $17.13 million, to the Global Allocation Fund.
This is a turning point as it ends a four-day streak of outflows from Bitcoin ETFs.
➡️ This indicates the return of institutional money to the Bitcoin market, an important signal reflecting positive investor sentiment.
Positive signals from the market
1. Increased institutional inflows: Spot Bitcoin ETFs are popular tools for institutional investors. The net inflow shifting to a strong buying state is a sign of confidence in Bitcoin's growth potential.
2. Reflecting long-term confidence: Year-end trading is often seen as a strategic preparation for the next year. Purchasing Bitcoin at such high values reflects positive expectations from institutions about Bitcoin's future price.
Predictions for 2025
1. $BTC can reach a price range of $150,000 - $200,000
With the return of institutional money and the market context stabilizing, Bitcoin is likely to establish a new bullish cycle in 2025.
Supporting factors:
+ Wider acceptance of Bitcoin by major financial institutions.
+ The adoption of blockchain technology and cryptocurrencies is increasing in various fields.
2. Spot Bitcoin ETFs continue to attract large inflows: ETF funds will become key tools for investors looking to access the Bitcoin market without directly holding the asset.
3. Potential risks
Legal policies: Sudden changes in regulations in the U.S. or other major markets may cause volatility.
Interest rate volatility: If global interest rates rise sharply, Bitcoin may face competitive pressure from traditional safe-haven assets like gold.
The inflow into Bitcoin ETFs on December 26, 2024, is a positive signal for the cryptocurrency market. Based on current factors, 2025 has the potential to be a year that marks a strong recovery for Bitcoin, with the possibility of reaching a price range of $150,000 to $200,000. However, investors need to closely monitor legal and economic factors to develop appropriate strategies.