Is BTC’s Dominance at Risk? | Airdrop Alert Pro

While markets were in the red last week, cryptocurrencies have seen some action over the past 24 hours, with Bitcoin, Ethereum, and altcoins rebounding. The king of cryptocurrencies, Bitcoin, rose from $94,000 to $99,000, which was seen as “santa claus rally,” but it could also be a profit-taking shift. BTC currently remains above $98,000but traders are cautious as the year-end expiration date approaches. Meanwhile, the current Savior ETF has also suffered, losing $1.4B in 4 days. ETFs in January gave an immediate boost to depressed markets, but the assets lost their luster midway through, but analysts are optimistic they will recover soon. With ETH ETF Inflows, Is the Market Showing Signs of Early Altcoin Rally?

Let’s take a closer look!

US Spot BTC ETF Is Hemorrhaging Money

BlackRock’s Bitcoin ETF iShares Bitcoin Trust (IBIT) hits all-time high outflow There was a net outflow of US$188.7 million on Christmas Eve, the largest single-day outflow. This is part of a larger trend that saw Bitcoin funds lose $1.5 billion in four days (December 19-24). Other Bitcoin ETFs, including those from Fidelity and ARK 21Shares, also saw significant outflows, while the Bitwise Bitcoin ETF was the only one to record inflows.

Altcoins take the lead

Meanwhile, the ETH ETF is slowly but steadily growing as trader interest in it continues to rise. AltcoinsBitcoin’s role in the market has slightly weakened. Amid the downtrend, Ethereum funds saw inflows of $53.6 million, compared with $130.8 million inflows the previous day. Despite a slow start to the year, analysts speculate Ethereum could outperform Bitcoin in January 2025as the ETH/BTC ratio shows strength.

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What’s next for Bitcoin?

Outflows from BlackRock’s Bitcoin ETF and the broader trend of Bitcoin ETF divestments have investors questioning their next move. Cryptocurrency analysts tilt famous Passive inquiry liquidity is approximately $100,000, and the key price area is $105,000. He said large market entities are likely to strategically position themselves for higher prices in the new year.