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Can Bitcoin’s price drop again despite 90,000 USD support holding firm?

Despite a tumultuous December that saw Bitcoin selling pressure peak, January 2025 has begun on a more stable note. The essential 90,000 USD support level remains intact, sending a signal of resilience within the market.

Institutional profit-taking has notably cooled, with Bitcoin ETF inflows decreasing substantially from 14 billion USD to 6.6 billion USD monthly. As Open Interest in CME contracts dipped by 13%, profit-taking seems to be the trend among institutions.

Investor behavior appears cautiously optimistic, with exchange inflows and outflows stabilizing around 12 billion USD daily. However, the prevailing demand dynamics will be crucial for guiding Bitcoin’s direction in the coming weeks.

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