Will Bitcoin Sustain $100K This Time?🤌🏽
We start 2025 with our new weekly premium feature - Mempool.
Short for memory pool, Mempool is a temporary storage area on the network node. Think of it as a waiting area where transactions are properly checked for validity before being added to the block on the blockchain.
On Token Dispatch’s Mempool, we aim to do something similar.
A weekly perspective on the most significant developments in the Bitcoin market and data-backed insights on the largest cryptocurrency.
We're looking at Week 53 of 2024 and Week 1 of 2025: Dec 30-Jan 5
Bitcoin bounces back as tax-loss selling subsides
Prediction markets signal cautious optimism
ETF flows turn positive after December outflows
Network processed $19 trillion transactions in 2024
Crypto stocks show strong recovery
The Week That Was
Bitcoin kicked off 2025 with a solid 5.12% weekly gain, rebounding from December's tax-loss harvesting selloff to settle around $98,315.
The recovery coincides with renewed institutional interest, evidenced by ETF inflows turning positive at $244.99 million after December's outflows.
The market's sentiment shows early signs of improvement, with the Crypto Greed Index rising to 61 from 54 last week.
Bitcoin's network fundamentals remain robust, with the hash rate stabilising at 823.8442 EH/s and dominance holding steady at 55.5%.
What’s the Prediction Market Scoop?
Last week, traders were betting on Bitcoin reclaiming $100K in January 2025. But, as we write this, Bitcoin has already hit $102K.
The $100K mark still remains an important psychological figure. It is likely that the level will be tested and the market has to trade above that level before the next rally.
The Polymarket odds for Bitcoin's January price targets reveal a pattern of cautious optimism. While the odds for rally are high, 32% are still betting on Bitcoin sliding back to $90,000.
The chances of Bitcoin hitting $90K have fallen considerably from 60% on January 3.
This gradual probability decline suggests traders expect stability rather than explosive moves in the near term. This shows growing optimism.
