{"id":430959,"date":"2024-10-08T15:00:44","date_gmt":"2024-10-08T09:30:44","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=430959"},"modified":"2024-10-08T10:39:14","modified_gmt":"2024-10-08T05:09:14","slug":"bitcoin-exchange-inflows-hit-new-lows-can-china-drive-btc-to-77k","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-exchange-inflows-hit-new-lows-can-china-drive-btc-to-77k\/","title":{"rendered":"Bitcoin exchange inflows hit new lows &#8211; Can China drive BTC to $77K?"},"content":{"rendered":"<ul>\n<li><em>Bitcoin exchange inflows were declining.<\/em><\/li>\n<li><em>China liquidity can propel BTC to $77K.<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a> continues to draw attention from investors, including traditional finance institutions, who are increasingly looking to Bitcoin as a long-term store of value.<\/p>\n<p>Unlike in previous cycles where Bitcoin was frequently traded for short-term profits, much of it is now stored in cold wallets, signaling strong investor confidence.<\/p>\n<p>The beginning of Q4 has seen Bitcoin exchange inflows hit their lowest levels of the year, indicating that investors and institutions are anticipating long-term gains for BTC as its market cap continues to grow with widespread adoption.<\/p>\n<figure id=\"attachment_430960\" aria-describedby=\"caption-attachment-430960\" style=\"width: 1431px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/chart-trx.png\"><img decoding=\"async\" class=\"wp-image-430960 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/chart-trx.png\" alt=\"Bitcoin\" width=\"1431\" height=\"629\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/chart-trx.png 1431w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/chart-trx-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/chart-trx-1024x450.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/chart-trx-768x338.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/chart-trx-1200x527.png 1200w\" sizes=\"(max-width: 1431px) 100vw, 1431px\" \/><\/a><figcaption id=\"caption-attachment-430960\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<h2><strong>China liquidity stimulus<\/strong><\/h2>\n<p>Chinese stocks are outperforming global markets, largely due to a government stimulus package that has injected significant liquidity.<\/p>\n<p>This surge in liquidity is impacting risk-on assets like BTC, which has historically shown a strong correlation with Chinese stock performance.<\/p>\n<p>Following the People&#8217;s Bank of China\u2019s largest stimulus since the pandemic in late September, Chinese internet stocks have soared by $2 trillion.<\/p>\n<p>Many traders view this surge in Chinese stocks as a potential signal for a similar upward movement in Bitcoin. This reinforces why BTC has seen reduced exchange inflows setting the stage for higher prices.<\/p>\n<figure id=\"attachment_430961\" aria-describedby=\"caption-attachment-430961\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRFfo_aQAA9WSy.jpg\"><img decoding=\"async\" class=\"wp-image-430961 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRFfo_aQAA9WSy.jpg\" alt=\"\" width=\"640\" height=\"360\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRFfo_aQAA9WSy.jpg 640w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRFfo_aQAA9WSy-300x169.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-430961\" class=\"wp-caption-text\">Source: Bloomberg<\/figcaption><\/figure>\n<p>In addition to the liquidity stimulus, last week saw the largest divergence between crypto and cash-margined Bitcoin futures open interest.<\/p>\n<p>More traders are now using cash to back their leveraged positions, rather than Bitcoin itself. This shift is a positive, as cash margins reduce volatility and the risk of forced liquidations, creating a more stable trading environment.<\/p>\n<figure id=\"attachment_430962\" aria-describedby=\"caption-attachment-430962\" style=\"width: 680px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRLUh-bIAAz-M_.png\"><img decoding=\"async\" class=\"wp-image-430962 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRLUh-bIAAz-M_.png\" alt=\"\" width=\"680\" height=\"383\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRLUh-bIAAz-M_.png 680w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZRLUh-bIAAz-M_-300x169.png 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/a><figcaption id=\"caption-attachment-430962\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p>Meanwhile, retail traders continue to chase high-leverage gains, contributing to the market&#8217;s volatility.<\/p>\n<p>This divergence between institutional caution and retail enthusiasm highlights a maturing Bitcoin market. Now, long-term sustainable growth is increasingly driven by institutional activity.<\/p>\n<h2><strong>Can BTC reach $77K?<\/strong><\/h2>\n<p>The Volatility Adjusted Power Law Index projects BTC\u2019s fair price at $77K, considering long-term growth and volatility.\u00a0Despite price consolidation around $60K, the fair price has risen from $70K to $77K in the past month.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC] Price Prediction<\/a>\u00a02024\u20132025<\/p>\n<hr \/>\n<p>Increasing liquidity from China\u2019s stimulus and reduced futures market volatility suggest Bitcoin is gaining momentum for a breakout.\u00a0Bitcoin appears ready to break higher, with potential to reach $77K as Q4 progresses.<\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-scaled.jpg\"><img decoding=\"async\" class=\"aligncenter wp-image-430963 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-scaled.jpg\" alt=\"Bitcoin\" width=\"2560\" height=\"1450\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-scaled.jpg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-300x170.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-1024x580.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-768x435.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-1536x870.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-2048x1160.jpg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GZOjBs5WAAApcZp-1200x680.jpg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><\/p>\n<p>Source: Sina\/X<\/p>\n<p>With global liquidity surging, BTC reaching $77K seems more realistic. This is especially true if economic conditions and institutional support drive growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s liquidity boost from China stimulus could propel BTC to $77K.<\/p>\n","protected":false},"author":98,"featured_media":430683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[6427],"class_list":["post-430959","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin exchange inflows hit new lows - Can China drive BTC to $77K? 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