On December 21, Bitcoin nearly reached $100,000, marking a significant rebound with a nearly $7,000 increase in under 24 hours. This surge followed the liquidation of leveraged long positions and coincided with a notable influx of buying activity on the U.S. exchange Coinbase. Notably, the 50-day simple moving average (SMA) provided clear support for BTC/USD. However, the excitement over Bitcoin's nearing six-figure price was tempered by recent outflows from U.S. spot Bitcoin exchange-traded funds (ETFs), which recorded nearly $300 million in net outflows on December 20, with the iShares Bitcoin Trust experiencing its largest outflow at $72.7 million. Despite Bitcoin's price rally, sentiment hovered amid these ETF activities, illustrating a disconnect between retail investor enthusiasm and institutional selling pressure, while technical indicators hinted at potential future price trends.

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