November has shown the importance of ETF flows for Bitcoin price action. Without strong enough inflows, there is no gain. That means we can use these ETF flows to estimate where Bitcoin will be in the near future. How to do that? What price target is it pointing at? What will it take to get there? We discuss that today. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 26,000 investors here: Done? Thanks! That’s great! Now let’s dive in. Bitcoin Price VS ETF Flows Model: December Price TargetThe TakeawayBitcoin ETF flows show a consistent price impact, with each 10,000 BTC of monthly inflows driving a 4.4% price increase. This relationship suggests Bitcoin could move past $100,000 by year-end with very high probability if December inflows reach 90,000 BTC. With limited macro risks and strong flow-price correlation, current levels present an attractive entry point, though year-end institutional appetite remains the key uncertainty. Strengthening Of The Model...Continue reading this post for free in the Substack app |
Wednesday, December 4, 2024
Bitcoin Price VS ETF Flows Model: December Price Target
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