As reported by CoinTelegraph, Bitcoin's price, which reached an all-time high of $108,000 on December 17, 2024, has since declined by over 10%. Data from CryptoQuant indicates a significant drop in Bitcoin exchange inflow and miner outflow since November 2024, suggesting reduced selling pressure. Exchange inflows peaked at 98,748 BTC on November 25, 2024, but have since decreased, with daily inflows ranging from 11,000 to 79,000 BTC in December. Miner outflows have also declined, with a peak of 25,367 BTC on November 11, 2024, and lower figures in early January 2025. Bitfinex analysts predict Bitcoin trading between $95,000 and $110,000 in January, while market analyst Axel Adler emphasizes the need for increased trading volume to overcome resistance. Additionally, Bitcoin exchange-traded funds have seen a rebound in inflows, signaling renewed interest from institutional investors.
Bitcoin Exchange Inflow and Miner Outflow Drop Amid $100K Price Speculation
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