Bitcoin surged to $95,903 on Dec. 21 after a significant price bounce, driven by buying activity at major exchange Coinbase. The rebound followed a period of liquidation and low trading volumes.
Data from Cointelegraph Markets Pro and TradingView showed a $7,000 gain in under 24 hours. Analysts attributed the move to buyers returning to Coinbase, which had previously seen sell-side pressure. Trading accounts also pointed to potential breakouts, including an inverse head-and shoulders pattern on hourly charts.
However, Bitcoin ETF investors saw a less favorable picture. Net outflows of nearly $300 million were reported on Dec. 20, with the largest ETF, iShares Bitcoin Trust (IBIT), seeing its largest net outflow at $72.7 million. This trend suggests that investors are becoming increasingly cautious ahead of potential price swings.
As always, every investment and trading move involves risk, and readers should conduct their own research before making a decision.
Source: https://cointelegraph.com/news/btc-price-stampedes-99-5-k-record-bitcoin-etf-outflow