Viewpoint: Bitcoin is unlikely to regain the momentum it had when it hit new highs in January.

Odaily Planet Daily News: 21Shares co-founder Ophelia Snyder stated that the current sluggish market has little to do with “any crypto-specific factors,” but it is unlikely that Bitcoin will surge again early next year. Snyder said that the current low volatility drivers are difficult to completely dissipate in the short term, and whether the market at the beginning of next year will repeat the performance seen this year will heavily depend on broader market sentiment. She explained that January usually sees “new inflows” into Bitcoin ETFs as investors rebalance and adjust their portfolios at the start of the year. Bitcoin entered a downward channel after climbing to its current high of $125,100 on October 5, following a $19 billion cryptocurrency market liquidation event on October 10. According to CoinMarketCap data, Bitcoin is currently trading at $92,150, down nearly 10% in the past 30 days. She remains bullish on Bitcoin in the long term, viewing the recent pullback as a response to broader market risk-off sentiment. She pointed out that factors such as ETF expansion on major platforms, increased government adoption, and rising demand for a store of value surpassing gold could all drive Bitcoin higher.