Wintermute: ETF funds pushed BTC above $95,000; tariff disruptions caused a pullback, but the overall structure remains healthy.
On January 19th, Bitcoin (BTC) briefly surpassed $95,000 due to ETF inflows and softening inflation data, reaching nearly $98,000. However, Trump's announcement of tariffs on eight European countries caused a pullback to around $92,000, liquidating approximately $850 million in long positions. Key factors for the rise included significant ETF inflows, cooling inflation, and BTC's trading against hard assets. Despite the tariff news, Wintermute believes the market structure remains healthy, with a focus on BTC holding above $90,000 and continued ETF fund flows.
CoinLive·