Bitcoin ETFs See $457M Inflows Amid Volatile Crypto Market

Key Developments in Crypto Investments:

US-based spot Bitcoin ETFs experienced significant inflows of $457.3 million on Dec. 17, with Fidelity’s and BlackRock’s funds leading the way.
Spot Ethereum ETFs saw a net outflow of $22.4 million, marking the fifth consecutive outflow.
Bitcoin's price sharply increased from $87,000 to above $90,000, then fell below $86,000 within hours.
The global crypto market cap initially rose by $80 billion but later decreased by $120 billion, showing high volatility.
Approximately $400 million in liquidations occurred, affecting 123,200 traders. Concerns about potential market manipulation were raised.

Impact of Inflation Reports

The US CPI report can significantly impact financial markets, including crypto. Previous reports have led to substantial inflows into Bitcoin-related products.
José Torres of Interactive Brokers suggests the upcoming CPI reading might trigger a "Santa Claus rally," with expectations for inflation to cool to 2.9% year-over-year for November.
An easing inflation rate between 2% and 3% could allow more interest rate cuts next year.
The Bank of Japan will release its CPI report and announce its interest rate decision following its meeting on Dec. 18-19.