Bitcoin ROSE 4%, spurred by ‘Secret Santas’ during the holiday rally, reaching a recent HIGH of around 108,000 USD. However, psychological market risks hinder sustained bullish momentum, posing a challenge for further upward Movement.
Following a peak at 108,000 USD, Bitcoin’s price declined, with investors cautious due to the Federal Open Market Committee’s (FOMC) 2025 outlook. Cash-outs at 94,000 USD led to realized profits of 7.17 billion USD, reflecting increased investor wariness.
Despite the recent surge, institutional interest via Bitcoin ETFs remains sluggish due to ongoing outflows. Bitcoin reserves on exchanges increased to 2,427 million BTC after cash-outs, indicating broader market caution. BTC is expected to fluctuate between 100,000 and 105,000 USD soon.