According to recently published data, since November 2024, the flow of Bitcoin (BTC) into exchanges and the outflow from miners’ addresses has significantly decreased, indicating a decrease in selling pressure. Miner outflows peaked at 25,367 units on November 11, coinciding with an $88,000 Bitcoin price. In January 2025, miner outflows were reported at 5,489 units on January 1st, 5,748 units on January 2nd, and 2,133 units on January 3rd. Analysts predict Bitcoin’s price in January 2025 to fluctuate between $95,000 and $110,000. However, market analyst Axel Adler stated that to overcome price resistances and have a stronger upward movement, an increase in daily trading volume is necessary. Meanwhile, capital inflow into Bitcoin exchange-traded funds (ETFs), which had a significant decline earlier, has shown signs of improvement, reaching $900 million on January 3, 2025, indicating renewed interest from institutional investors in Bitcoin. At the time of writing, Bitcoin is trading at $98,340, showing a 3.5% growth compared to last week.
