rewrite this content using a minimum of 1000 words and keep HTML tags
Bitcoin ($BTC) might be inching closer to the elusive six-figure mark, but BTC ETF inflows aren’t singing the same tune. BlackRock’s IBIT, the heavyweight among public Bitcoin ETFs, posted a staggering $332 million in outflows on Thursday, smashing its previous record of $188 million from December.
With over $53 billion in net assets, IBIT’s outflows are raising questions about the fund’s strategy and the broader implications for Bitcoin as it starts 2025 on a volatile note.
BTC ETF Inflows? Nope, Record Outflows Amid a Bullish Market
Bitcoin
.cwp-coin-chart svg path {
stroke: ;
stroke-width: ;
}
Price
Trading volume in 24h
<!–
?
–>
Last 7d price movement
sits shy of $97,000, up 1.5% in the last 24 hours, extending a strong start to the year. After smashing past six figures earlier in 2024, it cooled off in December, closing at $94,000.
Despite IBIT’s record outflows spooking some, optimism is alive elsewhere. Bitcoin-centric ETFs like Bitwise’s BITB and Fidelity’s FBTC pulled in $48 million and $36 million in inflows, respectively.
Despite recent gains, the tail end of 2024 delivered a mixed bag for Bitcoin. Its recent rally stumbled into a “shooting star” formation on the monthly chart, where a slim body and extended upper wick signaled fading buyer momentum. Sellers stepped in at the top, hinting that a correction might not be far off.
“The bears are potentially in control,” explains the CMT Association’s technical guide, referring to how shooting star patterns often mark the top of a trend.
#Bitcoin Elliot Wave Count isn’t over yet!
3rd impulse is always bigger, we can expect a bigger move upwards than many might think!
$127,000 would be the target for $BTC!
pic.twitter.com/oFR6qLSAXC
— James CryptoGuru (@Jamyies) December 26, 2024
pic.twitter.com/oFR6qLSAXCBitcoin Price Predictions for 2025
Even with recent volatility, Bitcoin’s outlook for 2025 holds its shine. Some predict it could hit $185,000 before the year is out, spurred by shrinking supply and surging mainstream adoption.
Trader Alex Kruger predicts, “February will be the best-performing month, with the Fed likely to turn dovish in Q1, spurring risk assets like Bitcoin.”
Additionally, a surge in corporate treasuries turning to Bitcoin in 2025 could choke supply and ignite a price explosion. Public companies, now backed by fresh Financial Accounting Standards Board (FASB) rules, are warming to Bitcoin’s appeal.
Thirty-three firms currently hold Bitcoin on their books, with MicroStrategy towering above the rest at 444,262 BTC. 99Bitcoin’s analysts suggest this wave of adoption could squeeze supply so tight it rockets Bitcoin to uncharted price levels.
What Does This Mean for Bitcoin Investors?
BlackRock’s IBIT fund is bleeding outflows, but the Bitcoin narrative is far from collapsing. Short-term swings are expected, yet the bigger game is driven by rising institutional interest, shrinking supply, and the unpredictable tides of the global economy.
For those holding into 2025, the signals are hard to ignore—growth is in the air.
DISCOVER: Crypto Trading In South Korea Surpasses Stock Market With $18 Billion In 24 Hour
Join The 99Bitcoins News Discord Here For The Latest Market Updates
The post BTC Genesis Day 2025: What’s Going on With Bitcoin? Are Bitcoin ETFs Selling? appeared first on 99Bitcoins.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
