Data is impressive, with a broad increase across all sectors. How do institutions and traders view the market outlook?

Author: 1912212.eth, Foresight News

After Trump's victory, the cryptocurrency market has recently experienced a significant surge. Bitcoin, Ethereum, meme coins, staking, DeFi, RWA, L2, AI—almost all major sectors have seen a broad increase, with the only difference being the extent of the gains.

So, how is the overall data performance of the cryptocurrency market today? Let's take a closer look.

Bitcoin Spot ETF Sees Over $600 Million Net Inflow in a Single Day

Since October, Bitcoin spot ETF data has shown continuous large net inflows, with net inflows far exceeding net outflows in both amount and duration.

At the beginning of November, due to uncertainties surrounding the U.S. election, there was a net outflow over three days, totaling about $700 million. However, after the election results were confirmed on November 6, the single-day net inflow reached an astonishing $621.9 million, nearly offsetting the net outflow difference in just one day.

The total trading volume that day reached $6.07 billion, a new high since March 15 of this year. Among them, BlackRock's ETF IBIT had a single-day trading volume of $4.14 billion, setting a new historical record.

After the election results were confirmed, off-market funds shifted from hesitation to a renewed influx into the market. Currently, the cumulative total net inflow of Bitcoin spot ETFs has risen to $24.12 billion.

Stablecoin Market Cap Approaches Historical High

Stablecoins, which measure market liquidity, have also performed well. The total market cap has risen above $175.06 billion, nearing the historical high of $187 billion. Over the past seven days, its market cap has increased by 1.47%, indicating continuous capital inflow.

Among them, USDT's market cap rose from $120 billion to $121.5 billion over the past month. Notably, on November 7, the single-day market cap surged from $120.6 billion to $121.4 billion, an increase of over $800 million.

USDC data also performed well, rising from a low of $34.38 billion to $36.7 billion over the past month, an increase of over $2 billion. The inflow of U.S. funds remains strong.

Total Market Cap of Cryptocurrency Rises to $2.5 Trillion, Approaching Historical High

The peak total market cap of the cryptocurrency market in the last cycle was $2.86 trillion. In April of this year, the total market cap once reached $2.7 trillion, and it has now risen above $2.5 trillion, not far from the historical high.

Views from Institutions and Traders

Bitfinex Analyst: Expecting a Large Release of Capital into Crypto in the Short Term After Trump's Election

As the industry anticipates a less hostile attitude from federal agencies towards cryptocurrencies, this trend is expected to facilitate more capital inflow into the Web3 space. Analysts state: "We expect a large amount of capital to be released for the crypto sector in the short term. Additionally, this may influence the actions taken by the U.S. SEC, which is generally viewed as hostile towards the crypto industry."

Matrixport: BTC Adoption Rate Approaching 8%, Trump's Support May Push BTC Price Above $100,000

Matrixport's weekly report indicates that the Bitcoin adoption rate is nearing the critical 8% threshold, with Trump's support potentially driving the price higher. The report shows that approximately 7.51% of the global population (617 million people) use cryptocurrencies, close to the 8% adoption rate. Reaching this threshold could mark a turning point for Bitcoin towards mainstream adoption. Furthermore, Trump has pledged to include Bitcoin in the national financial reserves, support Bitcoin mining, and plans to establish a consulting committee to support cryptocurrencies at the 2024 Bitcoin conference. Meanwhile, a Wyoming senator has proposed the "2024 Bitcoin Act," aiming to establish a strategic Bitcoin reserve by purchasing 1 million Bitcoins within five years. The report predicts that under this supportive environment, Bitcoin could reach $100,000 in the coming months.

10x Research: Market Narrative Shifts, Bitcoin Aiming for $100,000

10x Research states that as ETF demand grows parabolically, Bitcoin is expected to follow suit, potentially reaching $101,694 by the end of January 2025. A strong bullish window is expected to continue into the first quarter of 2025. The narrative is shifting away from positioning DeFi as an external alternative to the future and traditional financial systems, instead focusing on Bitcoin as digital gold. This framework positions Bitcoin as a permanent, long-term asset in institutional portfolios.

CryptoQuant CEO: Advises Bitcoin Holders to Gradually Sell, Warns of Full-Position Buying Risks

Ki Young Ju, CEO of crypto analytics platform CryptoQuant, tweeted that new investors often hold Bitcoin during bear markets and tend to sell after experiencing losses, typically around two years later when the market stabilizes. He believes that now is the time for this transition, suggesting that Bitcoin could rise another 30-40% from current levels, but will not replicate the 368% increase from the $16,000 starting point. He advises investors to consider gradually selling rather than continuing to "buy the dip" with full positions.

Meme Coin KOL Murad: Bitcoin Will Exceed $100,000

Meme coin KOL Murad tweeted that Bitcoin will exceed $100,000, while top meme coins will rise over 100 times. The tweet has received over 6,000 likes.

Trader Ansem: An Unprecedented Altcoin Bull Market Awaits if Regulations Favorable

Ansem tweeted that if favorable DeFi regulations are introduced in the U.S. in the coming years, we will see an unprecedented altcoin bull market.

Trader Eugene: Don't Underestimate the Breakthrough of Historical Highs

Trader Eugene tweeted yesterday that during the most uncertain times in the market, you should follow the oldest market rule. Don't underestimate Bitcoin's breakthrough of historical highs.

Trader Nachi: The Real Super Cycle Begins

Trader Nachi tweeted that Trump's overwhelming victory marks the beginning of a real super cycle, expected to last at least four years.