Based on dollar-weighted flows, aggregate returns for investors in BlackRock’s iShares Bitcoin Trust have turned negative following Bitcoin’s recent sell-off. Bitcoin’s sharp decline over the weekend has likely pushed the aggregate investor position in the largest spot Bitcoin exchange-traded fund (ETF) into negative territory, underscoring the severity of the recent downturn. According to Bob Elliott, chief investment officer at asset manager Unlimited Funds, the average dollar invested in BlackRock’s iShares Bitcoin Trust (IBIT) is now underwater following Friday’s close. The shift coincided with a steep drop in Bitcoin’s (BTC) price, which slid into the mid-$70,000 range. Elliott shared a chart tracking aggregate, dollar-weighted investor returns, showing cumulative gains slipping slightly into negative territory as of late January. Read more
Real-time Truflation data show US price pressures easing, a shift that could reshape expectations for Fed policy and influence cryptocurrency and risk-asset markets. Alternative inflation data is pointing to a sharp cooling in US prices, reinforcing the case for interest rate cuts and carrying broader implications for risk assets, including cryptocurrencies. After the Federal Reserve paused rate cuts last week and signaled no clear path to near-term cuts, real-time inflation data suggest policymakers may be out of sync with rapidly improving price conditions. Truflation, an alternative inflation tracker that aggregates millions of daily price points from tens of independent data providers, showed broad-based cooling across its US inflation indexes. Read more
Bitcoin bear market history was "repeating," said BTC price analysis after key support failed and realized price flipped to new resistance. Bitcoin (BTC) gained sub-$50,000 ahead of Sunday’s weekly close as bulls failed to recover from ten-month lows. Key points: BTC price targets stay bearish as Bitcoin bulls lick their wounds at ten-month lows. Read more