Bitcoin Maintains Strength Above $104,000 as Institutional Inflows and ETF Growth Contrast Altcoin Market Weakness
Bitcoin remains resilient above the $104,000 mark, demonstrating dominant momentum amid recent market turbulence and following its 2024 halving event. Technical analyses suggest the potential for a major rally, with projections of significant gains in 2025 if historical cyclical patterns persist. The Relative Strength Index (RSI) and recurring bullish cycles provide further support for a long-term positive outlook for Bitcoin. Capital inflows to Bitcoin spot ETFs, which now manage over $131 billion, reinforce growing institutional confidence and underscore Bitcoin’s role as a stable store of value. In stark contrast, the altcoin sector continues to suffer from poor investor demand, as reflected by a negative 1-Year Cumulative Buy/Sell Quote Volume Difference of -$36 billion (excluding BTC and ETH) and ongoing ’altcoin winter.’ Experts attribute this divergence in performance to regulatory uncertainty, macroeconomic pressures, and shifting risk appetites. As capital consolidates around Bitcoin, altcoins remain under significant bearish pressure with a weak near-term outlook for an altseason revival. Crypto traders are advised to closely monitor volume and sentiment indicators for any potential reversal, as increased accumulation and demand would be necessary to spark a recovery in the altcoin market.
Bullish
The news reflects a clear bullish sentiment for Bitcoin, supported by its sustained price above $104,000, positive technical indicators, and strong institutional inflows—particularly into spot ETFs that now manage over $131 billion. Projections from technical analysis and cyclical trends point to further upside potential, possibly culminating in a major rally post-halving. Conversely, the altcoin market exhibits persistent weakness with significant net selling and no imminent sign of reversal, reinforcing the capital rotation towards Bitcoin as a preferred store of value. While the altcoin space remains bearish, the concentration of funds and growing traditional investor confidence in Bitcoin suggest continued price strength in the medium to long term.