Recently, on January 3, 2025, BTC surged to nearly 99,000 USD. The Coinbase Premium Index, which had previously fallen to a 12-month low during holiday months due to risk aversion, rebounded dramatically, signaling heightened demand. This shift allowed BTC to reclaim critical moving averages.

U.S ETFs witnessed notable inflows of 908 million USD on that day. BlackRock’s ETF, once experiencing outflows earlier in the year, received 253 million USD, showcasing the renewed interest among institutional investors. Fidelity and Ark Invest also contributed considerably, pushing BTC prices higher.

The increased demand and liquidity have created short-term price forecasts for BTC between 96,000 USD and 100,000 USD. Analysts are keenly observing whether strong ETF inflows might propel BTC beyond 100,000 USD in upcoming trading sessions.