Price analysis 1/31: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, AVAX, XLM
Bitcoin bulls are chasing after new highs but investor actions in equities markets and sellers at the top of BTC’s range are keeping a cap on price discovery.
Bitcoin (BTC) continues to face selling in the $107,250 to $109,588 price zone, but a minor positive is that the bulls have not ceded much ground to the bears.
One of the reasons could be that Bitcoin’s institutional adoption continues to grow in 2025. The spot Bitcoin exchange-traded funds (ETFs) witnessed $4.2 billion in inflows between Jan. 1 and Jan. 24, which is 6% of all ETF inflows, according to Eric Balchunas, senior ETF analyst at Bloomberg.
While the institutions are buying, retail investors seem to be booking profits in Bitcoin. According to data from the onchain analytics platform CryptoQuant, retail investors sent 6,000 Bitcoin to Binance in January, while Bitcoin whales have largely remained neutral with modest inflows of 1,000 Bitcoin.
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Author: Rakesh Upadhyay
