OSL Trading Moments: BTC dominance is expected to continue until 2025, ETH shows strong upward momentum

Bitcoin's market dominance is expected to persist through 2025, with analysts predicting potential price fluctuations between $90,000 and $120,000, driven by factors like ETF inflows and tightening supply.
Ethereum shows strong upward momentum, highlighted by significant whale movements, including a $2.14M ETH transfer after nine years and a $172M dormant wallet activation.
US spot Bitcoin ETFs continue to attract massive inflows (over $2B weekly), while Switzerland proposes adding Bitcoin to its $1.03T reserves, potentially reshaping global finance.
Key data as of January 1: Bitcoin at $93,468.69 (+120.4% YTD), Ethereum at $93,468.69 (+46.1% YTD), and Bitcoin ETF inflows at +$35.9M on December 31.
Upcoming events include ISM Manufacturing PMI release (Jan 3) and market predictions for 2025, such as ETH potentially reaching $10,000 and Solana facing intensified competition.
Notable news: Syria considers Bitcoin legalization, Binance Labs plans 2025 investments in blockchain/AI/biotech, and AI16Z becomes Solana's first $2B+ AI token.

1. Market observation

Keywords: ETH, ETF, BTC

The recent correction of Bitcoin price to $91,000 due to rising volatility has caused some analysts to worry about the outlook of the cryptocurrency market. However, top analysts have pointed out that the delay of Bitcoin's parabolic rebound is actually mixed, which may mean that the current bullish trend will continue to develop before reaching a parabolic rise.

It is worth noting that the US spot Bitcoin ETF has performed strongly, with weekly inflows exceeding US$2 billion, holdings exceeding Satoshi Nakamoto, and investor demand increasing by 4% from March 2023. At the same time, Switzerland is taking a groundbreaking move, proposing to require the Swiss National Bank to include Bitcoin in its US$1.03 trillion reserve assets. This move is not only expected to reshape the global financial landscape, but may also have an important impact on Bitcoin price trends.

There have also been some eye-catching movements in the market: an early participant in the Ethereum ICO transferred $2.14 million worth of ETH to Coinbase after nearly nine years of silence; at the same time, a well-known "blockchain bandit" also activated a dormant wallet and transferred $172 million worth of ETH.

Looking ahead to 2025, Bitcoin is still under some pressure, with analysts predicting that prices could fall below $90,000, but then rebound to $120,000. Anthony Scaramucci, founder of SkyBridge Capital, predicts that Bitcoin prices could double due to tightening supply. In addition, Binance's record reserve size and the approval of spot ETFs have kept Bitcoin as a major investment asset in 2025. Bitcoin's market dominance at the end of 2024 is expected to continue throughout 2025, while ETH is also showing strong upward momentum.

2. Key data (as of 15:15 HKT on January 1)

S&P 500: 5,881.63 (+24.01% year-to-date)
Nasdaq: 19,310.79 points (+30.78% year-to-date)
10-year Treasury yield: 4.581% (+69.4 basis points this year)
US dollar index: 108.47 (+7.01% year-to-date)
Bitcoin: $93,468.69 (+120.4% year-to-date), with a daily spot volume of $39.865 billion
Ethereum: $93,468.69 (+46.1% year-to-date), with a daily spot volume of $19.067 billion