Bitcoin Sees $1.04B Inflows Amid Market Uncertainty

Bitcoin (BTC) experienced $1.04 billion in net inflows to exchanges this week, effectively reversing three weeks of outflows, according to IntoTheBlock. This shift highlights market uncertainty driven by macroeconomic factors. The $1.3 billion inflow contributed to $3.2 million in total BTC transaction fees, a 10.74% decline from the previous week.

Large exchange inflows often signal potential selling pressure, as traders transfer assets for liquidation. This trend has fueled speculation about Bitcoin’s next price movement, especially after weeks of stagnation.

Institutional interest in Bitcoin continues to grow. CNBC reported that GameStop (NYSE:GME) is exploring potential investments in Bitcoin and other cryptocurrencies, although the company is still assessing the move’s alignment with its business strategy.

Bitcoin saw a brief surge to $98,980 on Friday following strong U.S. January retail sales data, which exceeded analyst expectations and raised hopes for a Federal Reserve rate cut in the first half of 2025. However, Bitcoin quickly retreated, trading at $97,612 at the time of writing, down 0.21% in the last 24 hours. This marks the fifth consecutive weekend of decline, with BTC remaining below its 50-day simple moving average (SMA) of $98,758.

Economic concerns, including higher-than-expected CPI data, have weighed on Bitcoin, with prices dipping near $94,000 earlier this week. Federal Reserve Chair Jerome Powell reiterated the Fed’s focus on reducing inflation during a House Financial Services Committee meeting, noting significant progress but emphasizing that the fight against inflation is not over.

As Bitcoin hovers in a narrow range, traders await its next significant move, balancing macroeconomic pressures and growing institutional interest.