Bitcoin ETF inflows have surged alongside increasing confidence in spot ETFs, while GBTC outflows hit zero. Meanwhile, NUPL data reflects growing greed among Bitcoin holders, pointing to a potential market peak in mid-2025.
Investor Interest in ETF Bitcoin Surges with No GBTC Selling
Demand for ETF Bitcoin is resurging, as data indicates significant net inflows suggesting strong siphoning from investors.
There are no noticeable outflows from GBTC, unlike previous trends, which indicates that the market is gaining faith in Bitcoin’s spot-based ETFs. The influx is a sign of new institutional and retail enthusiasm, in tune with broader adoption narratives.
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That GBTC outflows are absent is testament to a sentiment shift as investors diversify into ETFs without foregoing other Bitcoin-related financial products.
This trend marks an increased confidence in Bitcoin itself having lasting potential as investors look for regulated and accessible ways to play in the digital asset space. Such stable inflows give more weight to the ideas of further price appreciation in Bitcoin, confirming it as a widely sought-out asset.
Rising Greed among BTC Holders, Signals potential Market Peak in 2025
As we see in the latest NUPL (Net Unrealized Profit/Loss), long-term Bitcoin holders are taking on more and more greed.
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This kind of behavior in Bitcoin historically points it in the direction of 8–11 months to reach a market peak. According to projections, if the trend is maintained, there is a good chance the price will peak between June and September 2025.
This chart shows the influx of market sentiment that repeats throughout the periodic cycles, with greed always preceding big price surges.
This increasing greed among long-term holders is a testament to increased confidence that Bitcoin has a future. This is a sentiment shift that is consistent with the previous market cycles and supports a timetable for a future price top.
Minor Corrections Likely as TCI Declines, But Macro Trend Stays Bullish
The Bitcoin Trend Confidence Indicator (TCI) for Bitcoin is telling us that the ongoing rally may be peaking out as the TCI is diverging from the price trend. As Bitcoin’s price rose, the TCI started dropping away, indicating diminishing strength within the current transformational bull run.
Usually, this divergence occurs in the midst of periods of consolidation or minor correction as market momentum starts to fizzle out.
Since the TCI is weakening, this does not necessarily mean the beginning of a cycle top. Historically, such divergences are usually followed by a pause in final price action before a complete reversal.
Typical market behavior is to have an initial consolidation phase or minor pullback in the near term that would reset the rally and allow it to continue gaining strength on further use.
In the bigger picture of a bull market, corrections are short-lived, and present yourself with another opportunity to re-enter. There’s still no bet on the upward Bitcoin trend, which makes the coin expensive and risky to bet against.
A slowdown or correction could occur; however, with this long-term bullish sentiment about Bitcoin, the likelihood of any dip being temporary remains high, and any recovery will be inevitable.
BTC Price Risks Drop to $91,500 If $94K Support Fails
Bitcoin has been approaching the support level at $94k, entering an accumulation zone where buyers typically accumulate positions.
Bulls fought to the price but could not maintain the momentum above $97,326 marked by the green line of the Alligator indicator. A sharp rally saw Bitcoin rally to nearly $98,570 before bearish pressure caused a retracement.
The Average Directional Index showed weak trend strength with a score of 20.66 indicating little directional momentum.
Stochastic oscillator readings indicate declining bullish momentum and drove down Stochastic oscillator readings from overbought territory to 39.40, indicating that sellers were once again in control. The confirmation of this drop proved short-term bearish sentiment as traders reacted to lower highs in the price action.
The next support will be at $91,500 if Bitcoin breaks below $94,000, where buyers can revisit it to re-enter. On the flip side, a break above the $97,326 resistance could send Bitcoin higher to $104,000.
Source: https://www.thecoinrepublic.com/2024/11/26/bitcoin-etf-inflows-rise-as-gbtc-outflows-hit-0/