Bitcoin’s price reached 98,145 USD, showcasing its strong performance post-Christmas rally. Reduced volatility indicates a stable bullish trend, further supported by the relative strength index (RSI) divergence, suggesting positive momentum for BTC.
Despite Bitcoin’s rise, significant outflows from US spot Bitcoin ETFs were alarming, totaling 1.5 billion USD over four days. A one-day record outflow of 338.4 million USD on Christmas Eve indicates cautious market sentiment.
Amid the outflows, South Korean demand surged, pushing the Kimchi Premium to 5.12. The increase in short-term holders by three percentage points highlights renewed investor interest during market corrections.