TechFlow news, January 13 — According to Bitfinex's latest research report, Bitcoin has pulled back from its all-time high of $108,100 reached on December 17, 2024, primarily due to rising U.S. Treasury yields and sustained outflows from spot ETFs. Over the past 12 trading days, funds flowed out for seven days, with a total outflow of $718 million in just two days—sharply contrasting the nearly $2 billion inflow seen in early January.
The report noted that U.S. Treasury yields climbed to a 14-month high of 4.79%, compounded by news that the U.S. Department of Justice plans to liquidate $6.5 billion worth of seized Bitcoin, prompting institutional investors to exit risk assets. Nonetheless, Bitcoin has still gained 42% since the U.S. election, outperforming equities. However, amid the Federal Reserve scaling back rate cut expectations and tightening financial conditions, short-term volatility may intensify. Expectations of Trump administration policies favorable to crypto could help cap further downside.
