According to European digital asset firm CoinShares, global crypto exchange-traded products (ETPs) attracted $6.3 billion over the past four weeks, making up 93% of total year-to-date (YTD) inflows.

So far this year, total inflows have reached $6.7 billion, inching closer to the all-time record of $7.3 billion set in early February.

Bitcoin Dominates With $867M In Weekly Inflows

Last week, Bitcoin investment products led the surge with $867 million in inflows, pushing BTC‘s YTD total to $6.6 billion and lifting its assets under management (AUM) to $146 billion.

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As a result, total global crypto AUM rose to $169 billion, now just 2.5% below the record $173.3 billion recorded at the end of January.

Still, the latest weekly inflow figure of $882 million marked a slowdown compared to $2 billion and $3.4 billion in the previous two weeks.

BlackRock Leads the Pack, Grayscale Lags Behind

In the US, crypto ETFs continued to break new ground. BlackRock’s iShares products attracted a staggering $1 billion in inflows last week alone.

With $8.1 billion in YTD inflows, BlackRock has outpaced the entire industry total, while Grayscale and Bitwise saw weekly outflows of $168 million and $27 million, respectively.

Meanwhile, Fidelity and ARK Invest reversed their previous trends with $62 million and $46 million in new capital, respectively.

Bullish Trend Driven by Macro Factors

CoinShares’ head of research James Butterfill pointed to several key drivers for the bullish sentiment: a global rise in M2 money supply, stagflation risks in the US, and multiple US states recognizing Bitcoin as a strategic reserve asset.

The total crypto market cap currently stands at $3.5 trillion, just 11% below the record $3.9 trillion hit in December 2024.

At the time of writing, Bitcoin was trading at $104,407, slightly below its all-time high above $106,000 posted in mid-December.

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The post US Crypto Funds Near Record With $6.3B Inflows Over Four Weeks appeared first on Coin Engineer.

As 2024 draws to a close, Bitcoin is trading in a critical price range, with monthly support levels under pressure and signs of short-term volatility emerging.

Analysts predict a potential pullback to $90,000, with a deeper correction possible in 2025. The transformation of old support levels into new resistance reinforces the confirmation of a technical downturn.

BTC/USD Daily Chart

On the macroeconomic front, while U.S. unemployment data takes center stage, stagflation concerns are threatening risk assets.

Rising inflation and increasing unemployment risks are causing investors to worry about a scenario similar to the 1970s. The Federal Reserve’s uncertain stance on interest rates further reinforces this outlook.

Bitcoin Bull Market Correction Drawdowns

Despite low market volume, active whale purchases are fueling optimism for positive price movement. Binance’s stablecoin reserves stand at $29.7 billion, maintaining market confidence. However, stablecoins alone are not expected to drive price increases.

In November, CryptoQuant CEO Ki Young Ju stated that high reserves alone wouldn’t cause a BTC price surge. Referring to the BTC-stablecoin reserve ratio metric, he told his X followers, “Stablecoins alone cannot provide enough buy-side liquidity for Bitcoin.”

Binance ERC-20 Stablecoin Reserves

Short-term investor profitability is at a critical turning point, with signs of seller exhaustion. Despite declining retail interest towards the end of the year, whales’ accumulation trend increases the likelihood of an unexpected price surge.

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The post Bitcoin at a Critical Juncture: Developments to Watch This Week appeared first on Coin Engineer.