Judging by the behavior of traders and cryptocurrency miners, the Bitcoin rate will return to the $100,000 mark in the near future.
In November and December 2024, when the BTC price was correcting after reaching a peak of $108,364, the inflow of digital assets to crypto exchanges reached record levels. For example, in one day on November 25, 98,748 bitcoins worth $9,7 billion at the current rate were sent to the balance of trading platforms. However, in January 2025, CryptoQuant employees fixed a significant drop in the inflow of BTC into crypto wallets of exchanges.
Change in the amount of bitcoins transferred to crypto exchange accounts (green bars)
At the same time, miners began selling less cryptocurrency. This is evidenced by the decrease in the number of coins they transferred to crypto exchanges. In particular, on November 11, digital asset mining enterprises sent 26,367 BTC worth $2,6 billion to trading platforms, and in three days from January 1 to January 3, 2025, they transferred only 13 bitcoins worth $370 billion.
Fluctuations in the number of coins sent by miners to crypto exchanges (blue line)
Given these statistics, in January, crypto exchange employees Bitfinex predict an increase in the Bitcoin rate to $110,000. However, analyst Axel Adler believes that for the cryptocurrency to significantly increase in value, the trading volume must increase. If the number of coins purchased remains at the current low level, then the BTC rate is unlikely to break the $100,000 mark.
