The current trading price of Bitcoin (BTC), the leading cryptocurrency by market cap, is $96,696. This price level is down 1.94% over the last 24-hour trading period.
Popular crypto analyst on That means it will not be easy to see further corrections or corrections below the $97,000 level easily.
Another popular crypto analyst called this price correction a basic step for Bitcoin to advance to the next level.
As capital inflows into the Bitcoin market due to institutional investors now increase rapidly, crypto-friendly Bank Standard Chartered’s global head of digital asset research Geoff Kendrick said capital inflows may continue in 2025 and if it happens, surely the trading price of Bitcoin will easily rise to the $200,000 level in the next 12 months.
This was a short-term price prediction for Bitcoin; On the other hand, some big long-term players believe that Bitcoin’s trading price will easily reach between $1 million and $1.5 million in the next 10 years.
Bitcoin Spot ETF Capital Outflow
On December 20, 2024, the Bitcoin spot ETF market saw a net outflow of $277 million, which severely affected the bullish sentiment, but people said that a short and sudden drop in the price was necessary at this stage. Bitcoin trading price to show further rebound. in January 2025.
On the same day, Ethereum spot ETF products faced a net outflow of $75.1159.
All these outflows are indications that institutional investors are also in a little panic, but at the same time, big players are waiting for further corrections to buy Bitcoin at a significantly low price and enjoy the rally.
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