Fewer sales, but still no rebound: Bitcoin down?

It has been almost two weeks since Bitcoin seems to have put the handbrake on below the symbolic $100,000 mark. But why this stagnation? Is the market running out of steam, or is it simply a question of post-holiday timing? Between persistent illiquidity and low miner activity, the data seems to indicate a loss of momentum. So, could BTC bounce back soon, or is it stuck in an extended hiatus?

Mining less to sell less: pressure easing for Bitcoin

Bitcoin news: since November, miners have been cautious. As mining wallet outflows hit record highs — 25,367 BTC shipped to platforms on November 11for example — they plunged at the start of the year. Only 5,489 BTC were sent to the exchanges on January 1.

Result ? Fewer bitcoins in circulationand therefore reduced selling pressure.

Some figures to remember:

• Peak shipments in November: 98,748 BTC to platforms in one day;
• In December, daily transfers vary between 11,000 and 79,000 BTC;
• Early January 2025: barely 2,133 BTC transferred on January 3.

This relief seems to give some breathing room to the market, but will it be enough to revive the dynamic?

Crypto trading: volume, the key to renewal

For a strong comeback to take shape, bitcoin must revive your appetite for volume. Bitfinex analysts have noted this well: without a significant increase in daily exchangesreaching $110,000 in January could be a miracle.

Axel Adler, seasoned expert, emphasizes that the market remains “ structurally bullish “, but that ” the volume is sorely lacking to generate a real rebound “.

However, encouraging signs are emerging:

• $900 million flowed into Bitcoin ETF funds on January 3, marking a surge in institutional interest;
• Projections remain optimistic, predicting a range of $95,000 to $110,000 this month.

Small investors still need to regain their confidence and Bitcoin magic operates again.

Certainly, Bitcoin's current pause disappoints some. But let's remember that last year, the queen of cryptos shone: not only did she shatter price records, but she also crossed the symbolic milestone of 19,000 billion dollars in transactions. A performance to ponder.