Kill! BTC Long Wick Candle hit a new monthly low of $91,200, but BTC reserves continue to flow out of the exchange, and Whales are increasing their holdings.

BTC has been falling recently, and the US BTCSpot ETF has also seen a large outflow. However, analysts said that the current pullback may only be temporary, and Trump's inauguration on the 20th of this month may trigger the next round of market rebound. (Synopsis: Bhutan Special Administrative Region announces the inclusion of BTC, Ethereum and BNB in the strategic reserve, CZ likes: wise move) (Background added: Czech Central Bank considers adding BTC to forex reserve, Bitwise CEO: dominoes have fallen) After briefly returning to $100,000 on January 7, BTC has fallen for 3 consecutive days this week, and at one point Long Wick Candle reached $91,200 at 4 am today (10). , the lowest since December 5 last year. At present, BTC continues to rebound slowly, tentatively trading at $92,681 before the deadline, narrowing its decline to 2.56% in the past 24 hours. Fidelity BTCSpot ETF Achieves Largest One-Day Outflow With the recent market decline, the BTCSpot ETF, one of BTC's largest buying forces, also saw an outflow of up to $582 million on January 8, according to Sosovalue data. Among them, Fidelity's FBTC outflow was as high as $259 million, setting its largest one-day outflow. Other publishers, such as BlackRock's IBIT, Ark and 21Shares' ARKB, also saw outflows of $124 million and $148 million, respectively. Whale accumulates $110 million in BTC But despite this, according to The Data Nerd, many Whales are still actively accumulating BTC in the recent decline, with a total value of $110 million: As the market fell, some Whales accumulated more BTC: . Cumberland withdrew 390 BTC, or about $36.64 million. Galaxy Digital withdrew 400 BTC, or approximately $37.76 million. bc1qh Address withdrew 400 BTC, about $37.41 As market crashed, some whales accumulated more $BTC – #Cumberland withdrew 390 $BTC (~$36.64M)– #Galaxy_Digital withdrew 400 $BTC (~$37.76M)– bc1qh withdrew 400 $BTC (~$37.41M) Addresses: pic.twitter.com/TcwOwPEvzp — The Data Nerd (@OnchainDataNerd) January 9, 2025 At the same time, IntoTheBlock also recently analyzed that although the BTC price pullbacks, the exchange's BTC reserves are continuing to flow out. It suggests that investors may prefer to hold on to coins rather than panic selling. Despite Bitcoin's drop, exchange net flows continue to be negative. This suggests the accumulation trend persists, with investors seemingly favoring holding over panic selling. pic.twitter.com/9XagBiF5Er — IntoTheBlock (@intotheblock) January 9, 2025 Analyst: Trump takes office or pushes BTC's next wave of Rebound For the future market trend, CoinDesk analyst Omkar Godbole analyzed that the current market's defensive measures may come from Trump's upcoming official inauguration on the 20th of this month. This could be seen as a Favourable Information outburst. However, with Trump taking office, a series of policies that are really beneficial to businesses and the economy will eventually land, when Cryptocurrency will also usher in a favorable regulatory environment, and even BTC reserves will be officially put on the agenda, so Trump's inauguration may boost the market Rebound. At the same time, QCP Capital recently pointed out that the current pullback may be laying the groundwork for the next round of Rebound, and this week it is especially important to note the US non-farm payrolls and FOMC minutes, which may point the way for BTC's next move. Related reports BTC "head and shoulders" pressure is formed, analysts: if the key support is lost, it may kill $75,000 Trump has a chance of building BTC reserves within 100 days of taking office drops to 31%, two possible ways Arthur Hayes: BTC is expected to "peak in March", it is recommended to sell until Q3, has laid out 7 major tokens in the DeSci field "kill! BTCLong Wick Candle hit a 1-month low of $91,200, but exchangeBTC reserves continued to flow out, and Whale increased its holdings" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".