Judging from the actions made by traders and miners of cryptocurrencies, the exchange rate of bitcoin will return soon to $100,000.
In November and December 2024, when BTC price underwent a correction after reaching its peak at $108,364, the influx of digital assets into crypto exchanges reached all-time highs. For example, on the 25th of November alone, balances on trading platforms were credited with 98,748 bitcoins worth $9.7 billion at exchange rates prevailing then. However, in January 2025 CryptoQuant employees have noted a significant decrease in Bitcoin inflow to exchanges’ wallets.
Change in number of Bitcoins sent to Cryptocurrency Exchanges (green columns).
On the other hand, miners started selling less cryptocurrency. Proof is seen in that there was a decline in digital coins which they moved to cryptos. To be exact on November 11th miners of digital assets sent 26 367 BTC valued at $2.6 billion to dealers while within three days between January 1st and January3rd , their transfers amounted only to13 370bitcoins costing $1.3 billion each
The blue line shows the volatility of the number of coins transferred by miners to cryptocurrency markets.
With this data, the staff at Bitfinex crypto exchange forecasts Bitcoin to shoot up at $110,000 by January. But according to analyst Axel Adler, higher trade volumes are necessary for a substantial increase in the value of this digital currency. If the amount of tokens bought remains low as it is now, it is unlikely that BTC price will exceed 100k USD.
Read the original article on Happycoin.club
