Impressive data, broad gains across all sectors—what's the outlook from institutions and traders?
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Impressive data, broad gains across all sectors—what's the outlook from institutions and traders?
Bitcoin spot ETF data and stablecoin market capitalization have both seen a recovery and uptick.
Navigating Web3 tides with focused insightsAuthor: 1912212.eth, Foresight News
Following Trump's election victory, the crypto market has recently experienced a massive surge. Bitcoin, Ethereum, Memes, restaking, DeFi, RWA, L2, AI—nearly every coin across almost all sectors has seen broad gains, differing only in the magnitude of their increases.
So how is the overall crypto market performing right now? Let's take a closer look.
Bitcoin Spot ETFs See Single-Day Net Inflows Exceed $600 Million
Since October, data on Bitcoin spot ETFs have consistently shown substantial net inflows, with both the amount and number of days of inflows far surpassing those of outflows.
In early November, due to uncertainty surrounding the U.S. election, there were three consecutive days of net outflows totaling approximately $700 million. However, on November 6, immediately after the election results were confirmed, daily net inflows reached an astonishing $621.9 million—almost wiping out the previous outflow deficit in just one day.
On that day, total trading volume hit $6.07 billion, the highest since March 15 this year. Among them, BlackRock’s ETF IBIT recorded a single-day trading volume of $4.14 billion, setting a new record high for the fund.
Off-exchange capital, having previously hesitated amid election uncertainty, resumed pouring into the market post-election. Currently, cumulative net inflows into Bitcoin spot ETFs have risen to $24.12 billion.
Stablecoin Market Cap Nears All-Time High
Stablecoins, a key indicator of market liquidity, are also showing strong performance. The total market cap has now climbed above $175.06 billion, approaching the all-time high of $187 billion. Over the past seven days, the market cap increased by 1.47%, indicating continuous capital inflow.
USDT rose from a market cap of $120 billion to $121.5 billion over the past month. Notably, on November 7 alone, its market cap surged from $120.6 billion to $121.4 billion—an increase of over $800 million in a single day.
USDC also performed well. Over the past month, it rose from a low of $34.38 billion to $36.7 billion—a growth of more than $2 billion—indicating sustained strength in U.S. capital inflows.
Crypto Market Cap Reaches $2.5 Trillion, Approaching All-Time High
The previous cycle peak for total crypto market cap was $2.86 trillion. In April this year, it briefly reached $2.7 trillion. It has now risen above $2.5 trillion—getting close to the historical high.
Institutional and Trader Sentiment
Bitfinex Analyst: Trump's Win Expected to Unlock Significant Capital for Crypto in Short Term
With expectations growing that federal agencies will adopt a less hostile stance toward cryptocurrencies, this trend is expected to drive greater capital inflows into the Web3 space. The analyst stated: "We expect significant capital to be released into the crypto sector in the short term. Additionally, this could influence the approach taken by the U.S. SEC, widely perceived as hostile toward the crypto industry."
Matrixport: Bitcoin Adoption Near 8%, Trump Support Could Push Price Past $100K
Matrixport's weekly report indicates Bitcoin adoption is nearing the critical 8% threshold, with Trump's support potentially pushing prices higher. The report states that approximately 7.51% of the global population (617 million people) use cryptocurrency, approaching the 8% adoption rate. Reaching this level may mark a turning point toward mainstream Bitcoin adoption. Furthermore, Trump pledged at the 2024 Bitcoin Conference to include Bitcoin in national financial reserves, support Bitcoin mining, and establish a pro-crypto advisory committee. Meanwhile, a Wyoming senator proposed the "Bitcoin Act of 2024," aiming to create a strategic Bitcoin reserve by purchasing one million BTC within five years. The report forecasts that under such supportive conditions, Bitcoin could reach $100,000 in the coming months.
10x Research: Market Narrative Shifts—Bitcoin Targets $100K
10x Research noted that as ETF demand grows parabolically, Bitcoin will follow suit. It projects Bitcoin could reach $101,694 by January 2025. A strong bullish window is expected to last through Q1 2025. The narrative is no longer positioning DeFi as a future alternative outside traditional finance but is shifting toward framing Bitcoin as digital gold—a permanent, long-term asset in institutional portfolios.
CryptoQuant CEO: Advises Gradual Selling, Warns Against All-In Bets
Ki Young Ju, CEO of analytics platform CryptoQuant, tweeted that new investors typically hold Bitcoin through bear markets, then transfer holdings about two years later when the market stabilizes after suffering losses. He believes this transition period may now be underway. While Bitcoin could rise another 30–40% from current levels, he does not expect a repeat of the prior 368% surge from $16,000. He advises investors to consider gradually selling rather than continuing to “go all-in.”
Meme Coin KOL Murad: Bitcoin Will Surpass $100,000
Meme coin influencer Murad tweeted that Bitcoin will exceed $100,000, while top meme coins could gain over 100x. That tweet received over 6,000 likes.
Trader Ansem: Favorable Regulation Could Trigger Unprecedented Altcoin Bull Run
Ansem tweeted that if the U.S. enacts DeFi-friendly regulations in the coming years, we could see an unprecedented altcoin bull market.
Trader Eugene: Don’t Underestimate Breaking All-Time Highs
Trader Eugene tweeted yesterday: during times of greatest market uncertainty, follow the oldest rule of the market—don’t underestimate Bitcoin breaking its all-time highs.
Trader Nachi: The Real Super Cycle Has Begun
Trader Nachi tweeted that Trump’s decisive victory marks the beginning of a true super cycle, which will last at least four years.
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