Bitcoin Nears $100K Amid ETF Inflows, Low Volatility
Key Takeaways
- Bitcoin network activity has dropped to levels last seen during bear markets.
- Despite declining transactions, institutional investors continue to show strong interest.
- BTC is approaching resistance at USD 98,000 – a breakout could spark new momentum.
- Volatility is currently low, which could indicate upcoming price movements.
- Large investors (“whales”) and ETF inflows are supporting long-term confidence in Bitcoin.
Decline in Network Activity – A Warning Sign?
Since December 2024, activity on the Bitcoin network has declined significantly. The so-called Network Activity Index, which measures metrics such as transaction volume and active addresses, is now at a level typically seen during bear markets. Fewer transactions mean lower demand for block space – a possible sign of waning user interest.
Such declines have occurred in the past, for example after the China ban in 2021. That lull was followed by a recovery phase. So even now, the current decline does not necessarily indicate a negative trend.
Volatility at a Low – Calm Before the Storm?
With current volatility at 25.80%, Bitcoin is moving more quietly than it has in over a month. Historically, such calm phases are often followed by strong price movements – either upward or downward. The current calm could therefore be deceptive.
A potential trigger for new momentum is the upcoming FOMC (Federal Open Market Committee) meeting. Decisions by the U.S. Federal Reserve on interest rates or monetary policy often impact the crypto market.
Resistance at USD 98,000 – A Decision Approaches
At the time of analysis, the Bitcoin price was around USD 96,998. The USD 98,000 mark represents an important resistance level. Technical indicators such as the Fibonacci retracement show relevant support zones at USD 94,799 and USD 92,171.
A breakout above the USD 98,000 mark could pave the way toward USD 100,000. If the breakout fails, a pullback toward USD 90,000 could follow.
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Institutional Inflows Support the Market
Despite weaker network activity, institutional investors continue to show confidence in Bitcoin. Over the past three weeks, approximately USD 5.13 billion has flowed into Bitcoin ETFs (Exchange Traded Funds). These products allow large investors to gain exposure to Bitcoin without holding the coins directly.
Well-known investors such as BlackRock and Metaplanet have also recently purchased large amounts of BTC – over 800 coins worth more than USD 100 million in total. Such purchases suggest long-term confidence in Bitcoin’s development.
Our Assessment
The decline in network activity is a signal that should not be ignored. It indicates that retail investor interest is currently weakening. At the same time, strong ETF inflows and large investor purchases point to a solid foundation.
Low volatility and the resistance at USD 98,000 suggest an imminent directional decision. Whether the price moves up or down will largely depend on external factors such as U.S. monetary policy.
If you are investing or planning to invest in Bitcoin, closely monitor price movements around the USD 98,000 level. A breakout could bring new momentum. In the long term, institutional confidence remains a stabilizing factor.
Sources
- IntoTheBlock
- TradingView
- Santiment
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 103139 |
| 24h % | 3.69 % |
| 7d % | 6.22 % |
| 30d % | 34.24 % |
| 60d % | 23.87 % |
| 1y % | 67.70 % |
| Market Cap | $2,047,307,008,443.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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