Key Insights
- •US Spot Bitcoin ETF recorded inflows of $71 million on Friday, marking its three-day inflow streak.
- •BTC USD price stayed above the $90,000 mark, indicating a sustained market interest.
- •Analysts project Bitcoin price to end the year on a positive note.
The BTC USD price traded above the $90,500 mark, buoyed by the positive fund flows into the US Spot Bitcoin ETF for the third straight day through Friday, November 28.
In addition, the Fed rate cut hopes have further bolstered the market sentiment. Although the pace of the fund flows has slowed, the stable inflow has lifted the market sentiment.
November marks the worst month for the US Spot Bitcoin ETF, with billions of outflows recorded from the investment instrument.
In addition, BlackRock continued its selling spree, which has further spooked market participants.
However, the reversing track of the ETF has fueled the confidence of traders, suggesting a potential rally ahead for the Bitcoin price.
Meanwhile, market experts, who have previously turned bearish, also appear to be regaining confidence in the asset.
BTC USD price lost more than 17% so far this month, with the institutional selling primarily dampening the sentiment.
Now that the institutional interest has reversed its course, the experts are anticipating a continuing rally for the asset in December.
Bitcoin ETF Sees More Inflows as BTC USD Holds $90k
BTC USD price has recorded a massive selling pressure last week, falling to as low as $80,000 amid a broader financial market selloff.
Among other macroeconomic factors, many experts have cited the continuing outflow from the US Spot Bitcoin ETF as a potential reason behind the loss.
However, as the investment instrument continued to record inflows over the past three sessions, Bitcoin price also appears to be finding stability.
For context, BTC USD price soared past the $90,000 mark this week and is consolidating in that region.
According to Farside Investors’ data, the US Spot Bitcoin ETF has recorded an inflow of $71.4 million on November 28.
Over the past three sessions, the combined inflow into the investment instrument totaled $221.2 million.
On November 28, Ark Invest’s Bitcoin ETF ARKB and Fidelity’s FBTC provided the biggest boosts with inflows of $88 million and $77.5 million, respectively.
It has also helped offset the outflow of $113.7 million from BlackRock’s IBIT. It’s worth noting that BlackRock was one of the top contributors to the robust outflow from the investment instrument this month.
On November 18, BlackRock Bitcoin ETF has recorded its worst outflow of $523.2 million since launch.
Bitcoin Price Rally Ahead?
Amid the ongoing inflow into the US Spot Bitcoin ETF, market experts have also shared bullish forecasts for the flagship crypto.
In addition, historical data from CoinGlass also showed that Bitcoin price tends to offer positive returns in December, with an average return of around 5%.
Although historical performance doesn’t guarantee future returns, investors now seem optimistic.
Amid this, analyst Rekt Capital said that Bitcoin price is on the cusp of a significant milestone, with the cryptocurrency just 1.5% away from closing the 2025 yearly candle in the green.
This achievement would mark a notable upswing, aligning with Four-Year Cycle principles that suggest Bitcoin will end 2025 on a positive note.
In other words, it hints at a continuing surge for the asset in December.
Meanwhile, expert analyst Michael van de Poppe also echoed this bullish sentiment.
He acknowledged a recent rejection at a crucial level, but emphasized it as the “final crucial hurdle” before a potential rally to $100,000.
Van de Poppe highlighted the importance of Bitcoin closing above the 20-month moving average, setting the stage for a strong upward trajectory.
Considering all these aspects, it seems that a continuing inflow into the US Spot Bitcoin ETF might help in a strong rally for BTC USD price in December.