After reaching an all-time high of $108,000 on December 17, 2024, Bitcoin's price has since fallen over 10%. Notably, both BTC exchange inflows and miner outflows have significantly decreased since November 2024, pointing to decreased selling pressure. According to CryptoQuant, exchange inflows peaked at 98,748 BTC on November 25, 2024, but have since dropped, with December inflows fluctuating between 11,000 and 79,000 BTC daily. Similarly, miner outflows peaked at 25,367 BTC on November 11, 2024, and have reduced significantly, with just 5,489 BTC sent on January 1, 2025. Analysts at Bitfinex predict trading between $95,000 and $110,000 in January 2025, noting the need for increased trading volume to propel Bitcoin upwards. Following a period of significant outflows, Bitcoin exchange-traded funds saw a $900 million influx on January 3, 2025, indicating renewed interest from institutional investors.

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