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Bitcoin News: Crypto Products See $585M Inflows in Early 2025 Despite Year-End Outflows

Bitcoin News: Crypto Products See $585M Inflows in Early 2025 Despite Year-End Outflows

Author:
Bitcoin News
Published:
2025-01-06 21:59:06
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[TRADE_PLUGIN]BTCUSDT,BTCUSDT[/TRADE_PLUGIN]

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Digital asset investment products kicked off 2025 with a strong start, recording $585 million in inflows within the first three days. However, the week, which included the final two days of 2024, experienced net outflows of $75 million. The end of 2024 was notable for setting a new record in global digital asset inflows, totaling $44.2 billion—nearly four times the previous record established in 2021. A significant driver behind this surge was the introduction of U.S. spot-based ETFs, which attracted substantial investor interest.

Crypto Products See $585M Inflows in First 3 Days of 2025 Despite Year-End Outflows

Digital asset investment products started 2025 with significant inflows of $585 million in the first three days. However, the entire week, including the last two days of 2024, saw net outflows of $75 million. The end of 2024 marked a record for global digital asset inflows, reaching $44.2 billion, nearly four times the previous record set in 2021. The introduction of U.S. spot-based ETFs was a major factor, attracting $44.4 billion, while other regions like Switzerland saw smaller inflows. Large outflows from Canada and Sweden offset these gains as investors shifted focus to U.S. products.

Bitcoin Price Review

Bitcoin, $BTC, posted some gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bollinger Bands indicate volatility. Price is currently NEAR the upper band, suggesting a potential overbought condition. On the other hand, we see that the RSI is at 67.86, close to the overbought zone, indicating bullish momentum but a potential reversal if RSI surpasses 70. Bitcoin traded at $99,354 as of press time, representing a 1.78% increase over the last 24 hours.

Bitcoin Price Forecast: Reclaims the $99K Mark

Bitcoin price extends its recovery on Monday after surging almost 5% in the previous week. A 10xResearch report suggests BTC could approach its all-time high of $108,353 ahead of Trump’s inauguration. Bitcoin’s institutional demand shows slight signs of recovery after being skewed over the past three weeks, with a $255.2 million inflow last week, hinting at a rally continuation.

Bitcoin Nears $100,000 Milestone

The cryptocurrency market capitalization has recently surpassed $3.5 trillion, reaching its highest point since December 19. Bitcoin, the leading cryptocurrency, is once again approaching the $100,000 mark. The market is experiencing a shift from short-term growth to periods of consolidation, indicating a cautious yet optimistic upward movement. The sentiment index, standing at 76, reflects a state of extreme greed, signaling active buying among investors.

Bitcoin Gains Momentum, Approaching The $100,000 Benchmark With Strong Support

Bitcoin is capturing global attention as its price surges toward the monumental $100,000 mark, a level that holds psychological and technical significance in the cryptocurrency market. This move is backed by strong market support and rising Optimism among institutional and retail investors. The current uptrend showcases Bitcoin’s resilience as key support levels have successfully absorbed selling pressure, paving the way for sustained bullish momentum. Analysts suggest that the ongoing rally could redefine market dynamics, potentially attracting a new wave of capital and solidifying BTC’s dominance in the crypto space. Approaching this critical benchmark, Bitcoin faces its next big test, which is breaking through the $100,000 resistance level. Surpassing this level could open the door for even higher prices.

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