Bitcoin’s price is stabilizing with decreasing downward pressure as sell-side liquidity diminishes. This tightening of supply reflects a bullish sentiment among crypto traders. The liquidity inventory ratio has dropped markedly, indicating that the available supply can meet demand for a shorter period, thus suggesting a scarcity effect that might drive prices upward.

Currently priced at around 96,880 USD, Bitcoin has shown fluctuations, notably dipping after reaching 100,000 USD recently. Market analysts observe that the market remains unpredictable, especially during the transitions at the year’s end and beginning. Despite reduced selling, spot trading volume has also decreased, implying lowered demand.

Miners are increasingly holding their BTC rather than selling, underpinned by the prevailing market’s bullish trend allowing them greater operational ease. This behavior indicates miners’ expectation of a continued price rise, with predictions suggesting Bitcoin could reach 145,000 USD by mid-2025. The declining miner-to-exchange flows further reinforce a bullish outlook.