Bitcoin ETF Outflows Slow Down, $100k BTC Still in Sight: A Turning Point for the Market?

Bitcoin ETF outflows have slowed down significantly, despite the top cryptocurrency correcting almost 3% after the U.S. Federal Reserve hinted that further interest rate cuts might not be coming. The slowdown in outflows has led many experts to predict that Bitcoin could reach $100,000 by the end of the year, or potentially climb even higher.

After three consecutive inflow days bringing in over $2.43 billion between November 11 and November 13, the weekly inflows were offset by two consecutive outflow days. On November 14, Bitcoin ETF products saw their third-largest outflow since launch, with approximately $400.7 million withdrawn. Outflows eased the following day as BTC rebounded from support near $87,500, with $239.6 million exiting the funds, according to data from Farside Investors.

BlackRock’s IBIT was the only fund to record inflows on November 15, as it continued its seven-day inflow streak, bringing in $130.4 million. Outflows came from other major funds, including Fidelity’s FBTC, ARK and 21Shares’ ARKB, Grayscale’s Bitcoin Mini Trust, Grayscale’s GBTC, VanEck’s HODL, Bitwise’s BITB, and Valkyrie’s BRRR.

Despite the outflows, the broader market remains optimistic about Bitcoin’s trajectory. Prominent Bitcoin advocates such as Michael Saylor and Matthew Sigel predict that BTC could reach $100,000 by year-end—or potentially climb even higher. Polymarket bettors are also highly bullish on Bitcoin, with a poll suggesting a 65% chance of BTC reaching $100,000 before New Year’s Eve.

Pseudonymous trader Crypto Eagles told his 99,000+ followers that Bitcoin has broken out of a multi-year inverse head and shoulders pattern—a bullish structure often preceding upward rallies—setting the stage for a potential climb to six figures. Rekt Capital, another analyst, said that Bitcoin has only just entered its parabolic phase, which historically lasts around 300 days, leaving room for further growth from current levels.

At the time of writing, Bitcoin was trading above $90,900, up 1.3% in the past 24 hours, while IntoTheBlock’s market sentiment indicator signaled a mostly bullish outlook. As the market continues to watch the Federal Reserve’s interest rate decisions and the impact of Donald Trump’s victory in the U.S. elections on the cryptocurrency market, one thing is clear: the outlook for Bitcoin remains bullish.

Predictions:

• Short-term: Bitcoin to reach $95,000 by the end of November, driven by continued bullish sentiment and a potential increase in institutional investment.
• Medium-term: Bitcoin to reach $100,000 by the end of the year, driven by a combination of factors including the Federal Reserve’s interest rate decisions, the impact of Donald Trump’s victory in the U.S. elections, and continued growth in the cryptocurrency market.
• Long-term: Bitcoin to reach $150,000 by the end of 2025, driven by a combination of factors including increased adoption, improved infrastructure, and a potential increase in institutional investment.

Disclaimer: The predictions and opinions expressed in this article are those of the author and do not necessarily reflect the views of Crypto News or its affiliates. Cryptocurrency investing is highly speculative and involves significant risk. It is essential to conduct thorough research and consider your financial situation before making any investment decisions.