Bit surpasses the threshold of 100,000 USD as the Bitcoin ETF records the 5th highest inflow in history, reaching nearly 1 billion USD in just one trading session on 06/01.
Bit surpasses the threshold of 100,000 USD as the Bitcoin ETF records the 5th highest inflow in history
The first days of 2025 witnessed the remarkable rise of the elder brother Bit. It seems to be growing to welcome a new Bullish year, BTC has managed to surge to 100,000 USD, a price level last seen on December 19.
At the time of reporting, BTC is trading around 101,700 USD, just over 5k away from retesting the ATH set on December 17.
BTC price movement in the last 7 days, screenshot from CoinGecko at 12:30 PM on 07/01/2025
The rise of the elder brother is largely driven by the influx of Capital into the market from Bitcoin ETFs. In just the first 3 trading sessions of the new year, excluding January 02 which saw an outflow of 242.3 million USD, the two most recent sessions have witnessed record-breaking inflows.
The January 03 session recorded a buying pressure of 908.1 million USD, marking the 5th highest inflow day in history. But the record was short-lived as it was soon surpassed by the most recent trading session, with a buying pressure of 978.6 million USD.
Statistics on the inflow/outflow of Bitcoin ETFs. Source: Farside Investors (07/01/2025)
Furthermore, BTC is also being "backed" by strong buying pressure from leading public companies. The most notable one is MicroStrategy, which has extended its "positive DCA" streak to 9 weeks, having just purchased an additional 101 million USD worth of Bit last night on 06/01.
Following MicroStrategy's example, other names such as MARA Holdings, Metaplanet, etc. are also actively buying. Additionally, one cannot ignore the wave of nations and companies establishing Bitcoin reserve funds, as reported by Coin68.
Basking in the glory of the elder brother, Ethereum has at times touched the 3,700 USD level but was unable to sustain it, currently trading around 3,675 USD.
ETH price movement in the last 7 days, screenshot from CoinGecko at 12:30 PM on 07/01/2025
Ethereum ETFs are increasingly demonstrating their strength, having left behind the days of recording meager inflows. In the most recent trading session, Ether ETFs witnessed a buying pressure of 128.7 million USD, with the majority coming from BlackRock's ETHA fund.
Statistics on the inflow/outflow of Ethereum ETFs. Source: Farside Investors (07/01/2025)
According to CoinGlass data, over the past 24 hours, there has been around 200 million USD in liquidated positions, fairly evenly distributed between the Longing and Short sides.
Liquidation data in the Derivative market, screenshot from CoinGlass at 12:30 PM on 07/01/2025
Compiled by Coin68
