BTC hits new highs again, ETH follows—will the Christmas "coin" rally come early?
TechFlow Selected TechFlow Selected
BTC hits new highs again, ETH follows—will the Christmas "coin" rally come early?
Crypto fund inflows hit a record high.
Navigating Web3 tides with focused insightsWritten by: BitpushNews
According to Bitpush data, Bitcoin hit a new all-time high of $107,822 around 13:30 Eastern Time on Monday, rising approximately 5.5% from Friday's closing price. Meanwhile, Ethereum briefly surged to $4,081—the highest level since December 2021—slightly surpassing its peaks in March and early December this year.
At the time of writing, Bitcoin has pulled back slightly, trading at $105,815 with a nearly 3% gain on the day and a weekly increase of 9%. ETH stands at $4,029, up over 3% today, though still 16% below its November 2021 record high of $4,878. The total cryptocurrency market capitalization is $3.7 trillion, up 2.97% over the past 24 hours.
Data from CoinGlass shows that liquidations across the crypto market totaled $489 million in the last 24 hours, including $177 million in Bitcoin positions and $97 million in Ethereum (including longs).
Crypto Fund Inflows Hit Record High
Global cryptocurrency funds continue to attract strong interest from institutional investors, with inflows reaching record highs. According to CoinShares, global crypto funds have recorded net inflows for four consecutive weeks, totaling $3.2 billion. This sustained momentum brings year-to-date inflows to $44.5 billion—more than four times the total for any previous year.
In particular, U.S.-listed Bitcoin exchange-traded funds (ETFs) have stood out. These ETFs attracted $2.17 billion in net inflows last week alone, bringing cumulative inflows since their January launch this year to over $5.3 billion.
Ethereum funds also saw seven consecutive weeks of net inflows, totaling $1 billion, as market sentiment toward ETH continues to strengthen. Gautam Chhugani, an analyst at Bernstein, said: "Ethereum ETF inflows have exceeded $800 million per week over the past two weeks, reflecting an accelerating trend."
In addition, altcoin funds also recorded varying degrees of net inflows. XRP investment products saw $145 million in net inflows last week, while funds based on Polkadot and Litecoin received $3.7 million and $2.2 million respectively.
"Santa Rally"
Investor sentiment was boosted after MicroStrategy (MSTR.O) was included in the tech-heavy Nasdaq 100 Index. The company’s stock has surged more than sixfold this year, reaching a market capitalization of nearly $94 billion.
MATTHEW DIBB, Chief Investment Officer at Astronaut Capital, believes inclusion in the Nasdaq 100 could create a virtuous cycle: passive index-tracking funds will buy MSTR shares, pushing up the stock price; MicroStrategy can then issue bonds or equity to further accumulate BTC, reinforcing its strategic position and attracting even more investor attention, driving prices higher.
"The inclusion seemed somewhat unexpected, but it hasn't dampened excitement," he said. "Many see this as the beginning of a capital cycle that could drive up spot Bitcoin prices."
Data from the past eight years shows that since 2015, Bitcoin closed higher in six out of eight Decembers, with gains ranging from at least 8% to as high as 46% (excluding 2020).
This year’s Santa rally appears to have started early. The term refers to a seasonal pattern where U.S. equities often rise during the last week of December and the first few days of January, typically driven by holiday optimism, increased consumer spending, and year-end portfolio adjustments.
Tony Sycamore, IG analyst, told CNBC: "We're now in uncertain territory. The next psychological number the market is watching is $110,000. The correction many expected simply hasn’t materialized."
Mena Theodorou, co-founder of Coinstash, said: "With BTC firmly above $100,000, growing momentum in ETH, and massive ETF inflows, we may be on the cusp of a broader altseason rally. Add to that a pro-crypto Trump administration, easing inflation, and potential Fed rate cuts—the conditions supporting further growth in the crypto market are strongly in place."
Meanwhile, some traders are targeting BTC prices of $120,000 or higher within the next year.
Jeff Mei, COO of cryptocurrency exchange BTSE, said via Telegram: "We believe Bitcoin still has significant upside potential and could easily reach $125,000 by the end of 2025. While some argue that Bitcoin’s recent rally has already priced in much of its near-term potential, we believe the real move has only just begun. It takes time for institutions, family offices, and high-net-worth individuals to adopt the idea of allocating 1%-3% of their portfolios to Bitcoin and crypto. Once that shift occurs, inflows could surge dramatically. With Trump’s pro-crypto appointments, ongoing rate cuts, and stimulus policies in China, there are ample reasons for bullishness."
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
比推 BitpushNews
