PANews reported on January 13 that Bitfinex Alpha released its latest report saying that last week, Bitcoin fell to a low of $91,430, and its correction trend continued after hitting a record high of $108,100 on December 17, 2024. This Monday, Bitcoin continued to fall, and market caution intensified due to the surge in U.S. Treasury yields and the continued outflow of funds from Bitcoin spot ETFs. Bitcoin has now fallen by more than 15%. It is worth noting that in the past 12 trading days, ETFs have experienced outflows on 7 days, of which $718 million flowed out in just two days, in stark contrast to the inflow of nearly $2 billion in early January. U.S. Treasury yields climbed to a 14-month high of 4.79%, attracting institutional funds to withdraw from riskier assets such as Bitcoin. Historically, Bitcoin has responded quickly to soaring yields, but this time the impact was exacerbated by the news that the U.S. Department of Justice plans to liquidate $6.5 billion worth of confiscated Bitcoin.

Bitcoin has shown resilience despite macro pressures - it is still up 42% since the US election, outperforming stocks that have erased their post-election gains. However, with the Federal Reserve signaling fewer rate cuts and tighter financial conditions, Bitcoin could face more volatility in the short term. However, pro-cryptocurrency regulatory policies introduced by the incoming administration of US President-elect Trump could limit deeper losses and keep Bitcoin strong in the long term.