$BTC

Bitcoin

Bitcoin Fundamentals: Consolidation with Catalyst Building

With the technical landscape addressed, it's time to turn the page, and when it comes to Bitcoin fundamentals, the story is becoming much more exciting.

Spot Bitcoin ETFs Surge

U.S. spot Bitcoin ETFs recorded over $3 billion in inflows last week, their second-best week on record.

Mining Costs Rise

The average cost to mine a Bitcoin among public miners rose to over $82,000 in the fourth quarter of 2024, with total production costs exceeding $137,000. Rising input expenses and potential tariff risks could constrain new supply, adding upward pressure to prices in the medium term.

Fidelity Sees Strong Fundamentals

According to Fidelity, Bitcoin fundamentals remain strong despite short-term price volatility. Their latest report highlights that key technical structures, such as the golden cross formed in late 2024, are intact, while on-chain data shows continued accumulation by long-term holders.

Standard Chartered's Bullish Outlook

Standard Chartered predicts that Bitcoin will reach $120,000 by the second quarter and $200,000 by the end of 2025, citing the shift of capital from U.S. assets, ETF-driven adoption, and Bitcoin's emerging role as a systemic hedge against macro risks.

Strategy Continues to Buy

MicroStrategy continues to double down, adding 15,355 BTC last week at an average price of $92,737. Their holdings now total 553,555 BTC, valued at over $52 billion, indicating that institutional conviction remains strong.