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BlackRock’s Bitcoin ETF Faces Record $1.5B Outflow Streak

Bitcoin ETFs see massive outflows, with BlackRock’s ETF experiencing its largest single-day withdrawal. Ether ETFs, meanwhile, gain traction with consistent inflows.

• Main Points:

  • BlackRock Outflow Record: $188.7M on Dec. 24, breaking its previous $72.7M record.

  • Bitcoin Fund Exodus: $1.52B outflows across U.S. Bitcoin ETFs over four days.

  • Ether ETFs Surge: $184.4M inflows over two days, showing growing investor interest.

  • Bitcoin vs. Ether: Analysts predict Ether may outperform Bitcoin in January 2025.

• Detailed Insights:

  • Bitcoin ETF Trends: Total U.S. spot Bitcoin ETF outflows reached $338.4M on Dec. 24, continuing the week-long decline.

  • Ether ETF Growth: Following a slow start, Ether ETFs have seen rising inflows since late November, sustaining investor interest.

  • Market Performance: Bitcoin ($98,035, +4.59%) and Ether ($3,420, +3.28%) show short-term gains amid broader trends.

  • Future Outlook: Analysts highlight Ether’s potential to outperform Bitcoin, with ETH/BTC ratio currently at 0.035.

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Bitcoin Holds $98K Amid Trend-Line Battle and South Korean Demand

Bitcoin sustains Christmas gains as traders eye key trend lines. South Korea’s “Kimchi Premium” signals strong local demand.

• Main Points:

  • Price Action: Bitcoin trades near $98K, stuck between 21-day ($99.6K) and 50-day ($94.65K) SMAs.

  • Technical Outlook: Analysts highlight bullish momentum with RSI divergence and rebound potential.

  • ETF Outflows: U.S. Bitcoin ETFs see $1.5B outflows over four days, raising caution.

  • South Korean Demand: "Kimchi Premium" rises to 5.12%, showing strong local interest.

• Detailed Insights:

  • BTC’s Technical Position: Bitcoin’s price stabilizes after $4K daily gains, with traders optimistic about a bounce from mid-term support levels. Failed attempts to push prices lower hint at bullish momentum.

  • ETF Sell-Off Concerns: Despite price stability, Bitcoin ETFs face heavy outflows, including $338.4M on Dec. 24 alone, impacting U.S. institutional sentiment.

  • Korean Premium Surge: South Korea’s BTC demand spikes, with short-term holders increasing by 3% in a week. The premium, indicating price differences in local exchanges, hits a high of 5.12%.

  • Market Outlook: Analysts debate which trend line will break first, while optimism builds on sustained buying interest from South Korean investors.

Bitcoin’s 2025 Price: ChatGPT Predicts $200K Amid Supply Squeeze

Bitcoin’s future is bullish, driven by institutional adoption, limited supply, and tightening liquidity. ChatGPT predicts a climb to $200K by 2025.

• Main Points:

  • ChatGPT Prediction: Bitcoin could hit $200K in 2025, fueled by halving effects and ETF inflows.

  • Institutional Confidence: Major firms like MicroStrategy continue to acquire BTC aggressively.

  • Tightening Supply: Bitcoin liquidity hits its lowest since 2020, driving demand-supply imbalance.

  • Market Dynamics: Optimism clashes with bearish macro signals, creating market volatility.

• Detailed Insights:

  • Bullish Drivers: Institutional players, including MicroStrategy and ETFs, bought 4,349 BTC last week, far outpacing miners' production of 2,250 BTC. December saw $5.5B in Bitcoin ETF inflows.

  • Liquidity Crunch: Bitcoin available for sale fell to 3.397M BTC, the lowest since 2020. Miners struggle to meet growing institutional demand, with the liquidity inventory ratio dropping to 6.6 months.

  • Fed Impact: Hawkish Fed statements and a slower-than-expected pace of rate cuts added pressure, briefly pulling Bitcoin below $100K.

  • Expert Projections: Analysts like Bitwise and Standard Chartered share similar $200K targets, with some predicting even higher potential tied to federal Bitcoin reserves.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results