On January 14, news, Bitcoin prices experienced a significant rebound this week, breaking through the $96,000 mark strongly, hitting a new high for the year and continuing the upward trend since January. Market analysis suggests that institutional funds flowing into Bitcoin via ETFs are becoming one of the core drivers pushing BTC prices higher.
Market data shows that Bitcoin reached a peak of approximately $96,654 during Tuesday evening trading hours, with a total increase of about 5% within 24 hours, after which the price stabilized above $95,000. Overall, this is Bitcoin’s best performance since November last year, indicating that bullish sentiment is regaining dominance.
From a capital perspective, institutional demand is a key support for this round of rally. According to SoSoValue, the US spot Bitcoin ETF saw net inflows of over $750 million in a single trading day, with funds concentrated in leading products. Among them, Fidelity’s FBTC has accumulated inflows exceeding $12 billion, with daily inflows over $350 million; Bitwise’s BITB also performed actively, with nearly $160 million in daily inflows. In summary, relying solely on ETF demand in the US market, Bitcoin’s price has already shown significant upward momentum.
On the macro front, the US December Consumer Price Index (CPI) increased by 2.7% year-over-year, in line with market expectations, easing investors’ concerns about inflation rebound. This has somewhat improved the overall risk asset environment. However, judicial uncertainties related to Trump’s tariff policies still exist, causing temporary disruptions to market sentiment.
Bitwise Chief Investment Officer Matt Hougan pointed out that the long-term demand for Bitcoin ETFs may be brewing a structural change in supply and demand. He believes that since the ETF launch in January 2024, the amount of Bitcoin absorbed has exceeded the new supply during the same period, but the price has not fully reflected this reality, partly because some long-term holders are still selling. Once selling pressure gradually diminishes, sustained ETF buying could trigger a “parabolic” rise in Bitcoin prices.
Additionally, the rapid price surge has also triggered a chain reaction in the derivatives market. CoinGlass data shows that in the past 24 hours, liquidations of crypto market short positions amounted to approximately $688 million, setting a new record high. Overall, ETF capital inflows, macro data improvements, and short covering together form the key background for Bitcoin’s short-term strength.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
'Bitcoin ETF Performance Pales Next to Gold': Mike McGlone - U.Today
Mike McGlone, a Bloomberg strategist, argues that Bitcoin ETFs may not drive long-term growth for Bitcoin, which has underperformed compared to gold. Despite recent gains, Bitcoin's performance seems capped, suggesting a potential peak in crypto enthusiasm.
UToday2h ago
Nunchuk Launches Open-Source Bitcoin Tools for AI Agents With 'Bounded Authority'
In brief
Nunchuk released two open-source tools designed to let AI agents interact with Bitcoin wallets under strict limits.
The system uses shared wallets and approval policies so agents cannot spend funds beyond defined rules.
The tools aim to support automated financial tasks while
Decrypt2h ago
The U.S. government transferred 2.44 BTC to a certain CEX, worth about $177k
Gate News message. On April 10, according to Lookonchain monitoring, the U.S. government (funds seized involving Glenn Olivio) today deposited 2.44 BTC to a CEX, worth approximately $177k.
GateNews3h ago
BlackRock withdrew 2,700 BTC and 30,000 ETH from a certain CEX.
Gate News, April 10, according to Onchain Lens monitoring, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews3h ago
Bhutan’s Bitcoin reserves are down by more than 70%, with the sovereign wealth fund DHI frequently transferring assets, drawing attention
The Royal Government of Bhutan recently transferred approximately $18 million worth of Bitcoin. Its holdings have decreased from about 13,000 BTC in 2024 to 3,774 BTC, a reduction of more than 70%. The assets are managed by Druk Holding, and the country uses hydropower to mine Bitcoin. The recent transfers may be related to infrastructure financing needs. Bhutan still remains one of the world’s major Bitcoin-holding countries.
ChainNewsAbmedia3h ago
Tom Lee: The market is showing signs of forming a bottom; Ethereum, BMNR, and Bitcoin are recommended.
Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.
GateNews4h ago
