Bitcoin Price Recovers to $98,540 Amid Strong Institutional Inflows
The total crypto market cap is $3.08 trillion, recovering from a low of $2.81 trillion. Analysts suggest a potential bottom may be forming, with institutional flows as a critical factor.
- Bitcoin and Ethereum ETF inflows are key market indicators.
- A surge in inflows could lead to a V-shaped recovery; however, rising institutional fear may trigger further declines.
Bitcoin ETF Inflows
In January 2025, Bitcoin's price increased by 9.67% after falling to near $93,000 in December. US spot Bitcoin ETFs bought approximately 45.1K BTC, slightly down from 45.6K BTC in December. BlackRock was the largest buyer with 26.1K BTC; Fidelity acquired 12.4K BTC. Grayscale recorded outflows of 4K BTC.
Ethereum ETF Inflows
Ethereum ETF inflows dropped significantly to $81.69 million from $2,103 million in December 2024. Despite substantial inflows, the ETH price fell by 10.15% in December, highlighting the limited impact of these inflows on price trends.
Key Levels for Bitcoin
Bitcoin is currently testing crucial support at $92,180. A break below this level may lead to a decline towards $74,700, according to analyst Martinez Ali.
Conclusion
Bitcoin is trading at $98,540 with a gain of 0.76%. ETF inflows will be pivotal in determining whether a market rebound occurs, especially if buying pressure increases following a bounce off the key support level.