Bitcoin’s Negative Correlation With Nasdaq Persists, and History Suggests a Bottom May Be Forming

Ether (ETH) has recently outperformed Bitcoin in terms of spot ETF flows and short-term returns, with technical charts indicating a potential 20% price increase. This trend suggests a shift in market dynamics favoring ETH over BTC as traders adjust their positions accordingly.

Bitcoin's price is expected to remain below $95,000 as low liquidity in December may limit its recovery rally, according to analyst Paul Howard. This situation could lead to rangebound trading for Bitcoin, which may inadvertently benefit smaller altcoins in the market.

Bitcoin is showing signs of a bullish trend as investor sentiment shifts positively, challenging a decade-long bearish seasonal pattern. This change suggests a potential for BTC to reach new highs before the end of 2025.

Larry Fink, CEO of BlackRock, stated that sovereign wealth funds have been purchasing Bitcoin during its recent price decline, indicating a long-term investment strategy rather than short-term trading. This aligns with BlackRock's position as a significant player in the cryptocurrency market, particularly with its IBIT Bitcoin ETF, which has gained substantial traction since its launch.

BNB is currently trading near $910, with a significant volume increase of 68%, indicating growing market interest as it approaches a resistance zone between $920 and $928. A successful breakout above this range could propel BNB towards the $1,000 mark.

Recent outflows from U.S.-listed spot Bitcoin ETFs, totaling approximately $4 billion, were primarily attributed to specific arbitrage trade closures rather than widespread institutional panic. This indicates a more calculated market response rather than a reaction to broader market fears.

The Solana meme token, BONK, has experienced a modest price increase as it continues to trade within a narrow range, maintaining levels above key support. This stability comes amid ongoing resistance tests and shifting trading volumes, which have kept price movements confined.

Internet Computer (ICP) has experienced a rise as broader market consolidation has kept its price action within key support and resistance levels, indicating a potential upward trend. This movement aligns with a growing interest in cross-chain narratives within the cryptocurrency sector.