OSL Trading Moment: BTC dominance expected to extend into 2025, ETH shows strong upward momentum
Reprinted from panewslab
01/01/2025·4M
1. Market observation
Keywords: ETH, ETF, BTC
Affected by rising volatility, the price of Bitcoin recently retreated to $91,000, causing some analysts to worry about the prospects of the cryptocurrency market. However, top analysts have pointed out that the delay in Bitcoin’s parabolic rally is actually a mixed bag, which may mean that the current bullish trend will continue to develop before reaching a parabolic rise.
It is worth noting that the US spot Bitcoin ETF has performed strongly, with weekly inflows exceeding US$2 billion, holdings exceeding Satoshi Nakamoto, and investor demand increasing by 4% compared to March 2023 levels. At the same time, Switzerland is taking a breakthrough step by proposing to require the Swiss National Bank to include Bitcoin in its US$1.03 trillion reserve assets. This move is not only expected to reshape the global financial landscape, but may also have an important impact on Bitcoin price trends.
There are also some eye-catching developments in the market: an early Ethereum ICO participant transferred $2.14 million worth of ETH to Coinbase after being dormant for nearly nine years; at the same time, a well-known "blockchain The "robbers" also activated dormant wallets, transferring $172 million worth of ETH.
Looking ahead to 2025, Bitcoin is still facing some pressure, with analysts predicting that the price may fall below $90,000, but is expected to rebound to $120,000. Anthony Scaramucci, founder of SkyBridge Capital, predicts that Bitcoin prices could double due to tightening supply. In addition, Binance’s record reserve size and the approval of spot ETFs allow Bitcoin to continue to maintain its position as the main investment asset in 2025. Bitcoin’s market dominance achieved in late 2024 is expected to continue throughout 2025, with ETH also showing strong upward momentum.
2. Key data (as of 15:15 HKT on January 1)
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S&P 500: 5,881.63 points (+24.01% during the year)
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Nasdaq: 19,310.79 points (+30.78% during the year)
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10-year U.S. Treasury yield: 4.581% (+69.4 basis points during the year)
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US dollar index: 108.47 (+7.01% during the year)
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Bitcoin: $93,468.69 (+120.4% for the year), daily spot trading volume of $39.865 billion
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Ethereum: $93,468.69 (+46.1% for the year), with daily spot trading volume of $19.067 billion
3.ETF flow direction (EST on December 31)
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Bitcoin ETF: +$35.9324 million
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Ethereum ETF: +$5.3181 million
4. Important dates (Hong Kong time)
ISM Manufacturing PMI (11:00 pm on January 3)
- Actual: To be announced / Previous value: 48.4% / Expected: 48.3%
5. Hot news
Syria proposes legalizing Bitcoin to boost economic recovery
Founder of 1confirmation: ETH will eventually rise to $10,000
3A chain game Seraph "Dark Seraph" is about to launch TGE
Musk Twice Tweets Containing Frog Elements
Re-staking protocol ether.fi launches Berachain incentivized pre-deposit vault
AI16Z becomes the first AI token on Solana with a market value exceeding US$2 billion
FLock.io announces mainnet and token generation event on Base
The top three mid-year return declines for the top 500 crypto tokens are: STRAX, KUJI, and SATS
Musk reposted "Elon Musk is now Kekius Maximus"
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