Bitwise: Bitcoin's macro resistance and on-chain positives coexist, it is expected to outperform traditional assets in 2025 and beyond

ChainCatcher News, Bitwise released a Bitcoin macro investor report in January 2025, pointing out that the crypto market faced macro obstacles such as profit-taking and reduced institutional exposure in December 2024. The appreciation of the dollar and adjustments to Federal Reserve policy led to a tightening financial environment, but Bitcoin still received support from on-chain data.

Despite short-term risks, long-term positive factors such as Bitcoin halving and strategic reserves support expectations of significant price appreciation. It is expected that it will outperform traditional assets in 2025 and beyond. Although the Federal Reserve cut interest rates by 25 basis points at its December meeting, it hinted at higher future rates than expected. Decreased global liquidity and a stronger dollar put pressure on Bitcoin, which performed in tandem with traditional markets like the SP 500.

On-chain-wise, ETFs, corporate treasuries' demand and retail investors have caused a supply gap for Bitcoin. Despite some cooling off of on-chain activity, key indicators such as declining exchange balances and rising computing power show that market resilience remains strong.