Institutions year-end profit-taking and position-changing sell-off see an end. Despite institutions dumping, the market shows great strength, finding strong support in the support box. In addition, BTC again sees net outflow on-chain, and funding fees all turn negative, meaning that in the short term, it's hard for BTC to have another huge leg down. Most probably sideways and bouncing off the support. Target: 50-52k
Comment:
Whether the US institutions rotate back into this asset class at the beginning of the year is of most importance to bitcoin.