Bitcoin has started to outperform the S&P 500 in January 2025. While Bitcoin posted a 3.7% gain in a single day, the S&P 500 recorded a modest 0.4% increase, signaling divergence. Santiment on X (formerly Twitter) stated, “For most of the past three years, cryptocurrency has been perceived as a ‘high-leveraged tech stock,’ but current data suggests that BTC may break away from stock market fluctuations.
”Historically, crypto markets have experienced their strongest bull runs when they have a low correlation with equities. Analysts believe that if Bitcoin can sustain its momentum and operate independently of macroeconomic factors, it could pave the way for new all-time highs in 2025. Bitcoin is well above a critical support zone between $95,400 and $98,400, where 1.77 million addresses purchased 1.53 million BTC. This cluster of buyers represents a strong demand zone that could prevent significant price declines. On the upside, Bitcoin faces minimal resistance, with only 107,000 BTC held by 102,168 addresses between $104,700 and $105,770. Analysts expect further upward movement if BTC breaks through this light resistance zone, as selling pressure remains limited at higher levels. There is an increase in Bitcoin Futures Open Interest, now at $64.96 billion, up 2.20% daily. Open Interest(OI) has been steadily climbing since mid-2024, aligning with Bitcoin’s price rally and reflecting heightened speculative activity. Additionally, trading volume surged by 49.82% to $86.96 billion, and options volume jumped 76.78% to $3.54 billion, indicating growing trader engagement. However, rising OI and leveraged positions can increase the risk of volatility. The BTC Total Liquidations Chart recorded $1