Despite Dips, Bitcoin Remains the Best-Performing Asset
Bitget Academy2025/03/20 06:33
By:Bitget Academy
Bitcoin has outperformed major global assets, including stocks, bonds, and precious metals, despite a recent price correction. Following a peak of over $109,000 on January 20—the day of Donald Trump’s inauguration—Bitcoin has declined by 23% but remains the best-performing asset class. Analysts describe this as a natural correction within an ongoing bull market, influenced by economic uncertainty and recession concerns.
Despite market fluctuations, Bitcoin ETFs recorded their highest daily inflows since February, with over $274 million invested on March 17. This suggests strong investor confidence, as ETFs have significantly contributed to Bitcoin’s 2024 rally.
Experts remain optimistic about Bitcoin’s future, with predictions suggesting prices could reach $200,000 within the next two years. CEO of Bitget, Gracy Chen, believes Bitcoin is unlikely to drop below $70,000 and sees the current range as a solid entry point for buyers. Other analysts foresee Bitcoin reaching anywhere between $160,000 and $180,000 by the end of 2025.
Source:
Cointelegraph
Futures Market Updates
In the past 24 hours, both BTC and ETH futures saw a rise in open interest, with ETH (+5.26%) slightly outpacing BTC (+4.92%). Trading volume surged more dramatically for ETH (+95.18%) compared to BTC (+41.36%), indicating higher market activity in ETH futures. Short liquidations were significantly higher than long liquidations for both assets, with BTC ($106.43M) and ETH ($65.46M) seeing more aggressive short squeezes. The long/short ratios for both remained nearly balanced, with BTC at 51.21%/48.79% and ETH at 51.10%/48.90%. Funding rates remained positive but slightly higher for BTC (0.0059%) than ETH (0.0043%), suggesting a stronger bullish bias in BTC futures.
BTC Futures Updates
Total BTC Open Interest: $51.08B (+4.92%)
BTC Volume (24H): $97.49B (+41.36%)
BTC Liquidations (24H): $28.27M (Long)/$106.43M (Short)
Long/Short Ratio: 51.21%/48.79%
Funding Rate: 0.0059%
ETH Futures Updates
Total ETH Open Interest: $19.65B (+5.26%)
ETH Volume (24H): $43.63B (+95.18%)
ETH Liquidations (24H): $18.65M (Long)/$65.46M (Short)
Long/Short Ratio: 51.10%/48.90%
Funding Rate: 0.0043%
Top 3 OI Surges
TUT: $21.51M (+9190.59%)
GEMS: $523.27K (+241.05%)
VIDT: $11.69M (+176.39%)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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