Bitcoin Market Sees Strong Demand as Outflows and Dominance Surge in 2025
The post Bitcoin Market Sees Strong Demand as Outflows and Dominance Surge in 2025 appeared on BitcoinEthereumNews.com.
The market for cryptocurrency has been a hive of activity, and demand for Bitcoin (BTC) is proving to be very robust, with net outflows from exchanges hitting an astonishing $800 million this week. This is a noticeable trend as the amount of BTC available on centralized exchanges (CEXs) continues to drop. HODLers are still HODLing, and we are seeing a shift to an even more favorable supply-and-demand picture for BTC, with long-term holders clearly becoming more and more reluctant to sell their coins. BTC recorded $800M in net outflows from exchanges this week, showing demand is still strong as supply available on CEXs continues to decrease pic.twitter.com/6raOgFV0Q1 — IntoTheBlock (@intotheblock) January 25, 2025 Hodler Selling and the Rise of Bitcoin Dominance A large part of this story is the long-term holders of Bitcoin selling, especially after Donald Trump was elected in November 2024. Since then, they have moved an estimated 500,000 BTC, worth around $50 billion, from their addresses. The good part of this trend is that it seems to indicate a slowdown in selling activity. And what’s good about that is that it aligns with a growing sentiment that Bitcoin is once again primed for further upward momentum. Hodler selling accelerated since Trump’s election, with 500k BTC (~$50B) leaving long-term holders’ addresses since November pic.twitter.com/xcpmBFwSHe — IntoTheBlock (@intotheblock) January 24, 2025 The metric that tracks BTC’s share of the total cryptocurrency market, called Bitcoin dominance, is again on the upswing. After hitting an approximate low of 54% in December 2024, BTC dominance has surged back above 57% in January 2025, signaling a renewed interest in what is still the leading cryptocurrency. This behavior, in which BTC dominance casts a shadow well over $1 trillion, echoes what happened in the 2020 cycle, in which Bitcoin’s price also saw a wall-to-wall…
Filed under: News - @ January 25, 2025 11:09 pm