Daily Market Insights: BTC Holds Steady at 90K, BlackRock Buys Big, Ethereum Phase 2 Begins
Good morning, guys. So, we didn't see any significant impact on the market from what happened yesterday. It's a good thing that when Trump reprimanded the Venezuelan president and his wife, we were already anticipating a market crash. So far, there hasn't been any significant impact. The market is recovering at the same level it was. We're seeing a slight recovery. There was a slight correction at that time.
So, let's take a look at what's happening in the market. We'll watch some news. We'll glance at the charts and keep a quick update. Okay.
I've said many times that I have high expectations for the first quarter of 2026, especially January, February, and March. Whether it's about rate cuts or quantitative easing, okay. Besides, your money printing, or there are many other things that are affecting global liquidity.
First of all, if you look at it, they're saying that global liquidity has reached a new all-time high. We've discussed this many times that there are many factors that we feel are decoupling with BTC right now. Looking at history, whether it's the S&P 500 or NASDAQ in global markets, gold, silver, or global money supply, we've always seen BTC follow them somewhere. But this time, we're not seeing that follow-through anywhere. Right?
So, we're assuming that we should see something, that BTC should follow that thing, both right and left.
Besides that, if you look at it, BlackRock made a significant purchase yesterday. Almost $287 million worth of ETFs were bought in the spot market yesterday.
Apart from that, if you look at Trump's side, there's a lot happening. Whether it's regarding Venezuela or other countries, no matter what. This man is an entrepreneur, he's always doing something. He never sits still. Now he's saying that the current financial system is very outdated. So, you'll see that very soon, when the crypto structure bill comes, it will replace it.
Again, I think I mentioned this yesterday. Two days ago, I explained how, if the structure bill comes into the picture, many things will change and it will be very positive for crypto. Isn't it?
Besides that, if you look at the buying of Ethereum, whether it's institutional buying or buying from Wales, that has been increasing crazily. This means that the buying is very strong, more than BTC. If you look at it today, buying is going on within Ethereum. Which is again positive because we have a cycle where we talk about inflows coming first into BTC, then into Ethereum, then into larger alts. So, the phase two scenario regarding Ethereum is somewhere playing out here, which we've been hoping for for a long time.
This is a chart where they've explained that if you look at your inflows and outflows monthly, over the past 30 days, ETFs have seen more outflows than inflows. The reason for this is clear. I've told you many times that for the 15 days after December 15th, there are almost no institutions. They're not actively working. Family businesses are almost all on vacation. So, it's obvious that you'd see outflows there.
If you look at it normally, brother, BTC is trading at 90,500, and I feel that the market may show a slight upside move from here. This is not financial advice, but I feel that a recovery will come from here. So be ready for that, right? Same goes with Ethereum, if you look at it, it is trading around 3120. We had gone up to around 40. We have also seen a good fall in dominance. There is a slight support here. If it breaks, then we will be seen falling significantly.
So this was a quick update. Thanks for watching. See you.
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I am really afraid that the price of bitcoin might drop very soon. Well let's see how it goes because the market is unpredictable
BTC holding steady around 90-91K, strong institutional buys (like BlackRock's), and global liquidity at ATH. Short-term dips possible, but setup looks positive.