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<p>Bitcoin (BTC) has staged an impressive rebound, surging back towards the $100,000 mark after facing intense market pressure from ETF outflows, significant sell-offs, and a mid-week correction. This recovery comes amid increased buying activity on Coinbase, signaling renewed investor confidence.</p><h3 id="strong-bitcoin-39-s-price-correction-a-necessary-reset-strong"><strong>Bitcoin&#39;s Price Correction: A Necessary Reset?</strong></h3><p>The recent Bitcoin correction saw prices drop below $93,000, marking a decline of over 15% from its all-time high. Analysts attributed this pullback to a bearish divergence between Bitcoin&#39;s price and its Relative Strength Index (RSI), historically a precursor to short-term corrections.</p><p>Crypto trader <a href="https://x.com/cryptofaibik" rel="noopener noreferrer nofollow">Captain Faibik</a> suggested the correction was nearing completion, identifying the $94,000 range as a potential bounce zone. Conversely, analyst Cold Blooded Shiller predicted a deeper pullback, possibly reaching as low as $85,000.</p><h3 id="strong-realized-losses-peak-amid-heavy-selling-pressure-strong"><strong>Realized Losses Peak Amid Heavy Selling Pressure</strong></h3><p>On-chain data reveals a surge in realized losses, hitting $28.9 million—320% above the weekly average. Coinbase saw relentless sell pressure, marking the most significant selling activity since Bitcoin traded at $66,000. Despite the bearish sentiment, mid-term technical analysis suggests a potential reversal if Bitcoin can consistently close daily candles above $95,000.</p><h3 id="strong-etf-outflows-add-to-market-uncertainty-strong"><strong>ETF Outflows Add to Market Uncertainty</strong></h3><p>Spot Bitcoin ETFs, once a driving force behind bullish momentum, recorded net outflows of nearly $300 million on Dec. 20. The <a href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust-etf" rel="noopener noreferrer nofollow">iShares Bitcoin Trust</a> (IBIT) alone reported a record outflow of $72.7 million, reflecting cautious sentiment among institutional investors.</p><h3 id="strong-a-strategic-bitcoin-reserve-trump-39-s-bold-proposal-strong"><strong>A Strategic Bitcoin Reserve: Trump&#39;s Bold Proposal</strong></h3><p>Adding a layer of intrigue to the market, President-elect <a href="https://icogemhunters.com/crypto-mania-bitcoin-ath-and-3-7t-market-cap-signal-next-bull-run/" rel="noopener noreferrer nofollow">Donald Trump</a> reiterated his proposal for a &#34;Strategic National Bitcoin Stockpile,&#34; likening it to the U.S. Strategic Petroleum Reserve. Proponents argue that such a reserve could safeguard U.S. financial dominance and counter Bitcoin&#39;s use as an alternative to the dollar by other nations.</p><p>However, critics question the utility of holding Bitcoin as a national reserve asset, given its volatility and lack of direct economic utility. Economists warn of potential taxpayer exposure in the event of a market crash.</p><h3 id="strong-market-sentiment-turns-cautiously-optimistic-strong"><strong>Market Sentiment Turns Cautiously Optimistic</strong></h3><p>Despite ETF outflows and market corrections, Bitcoin&#39;s swift recovery to $99,500 suggests underlying strength. Analysts point to increasing spot buying on Coinbase and a potential breakout pattern forming on technical charts. With RSI stabilizing and support levels holding firm, the market appears poised for another push towards six figures.</p><p>As volatility continues to shape the market narrative, investors remain divided on Bitcoin&#39;s next move. Whether Trump&#39;s reserve proposal gains traction or ETF sentiment reverses, Bitcoin&#39;s resilience in the face of turbulence underscores its unique position in the global financial ecosystem.</p><p><strong>Disclaimer:</strong> This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making any financial decisions.</p><p><em>Source: </em><a href="https://icogemhunters.com/bitcoin-rally-etf-outflows-whale-activity-and-trumps-bold-bitcoin-strategy/" rel="noopener noreferrer nofollow">ICO Gem Hunters</a></p>

Bitcoin Rally: ETF Outflows, Whale Activity, and Trump’s Bold Bitcoin Strategy

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