Recently, Bitcoin has been on a continuous decline, and there has been a massive outflow of funds from the Bitcoin spot ETF in the USA. However, analysts indicate that the current pullback may only be temporary, and Trump's inauguration on the 20th of this month could trigger the next market rebound.

After briefly returning to $0.1 million on January 7, Bitcoin has fallen for three consecutive days this week, hitting a low of $91,200 briefly at four o'clock this morning, marking the lowest point since December 5 of last year. Currently, Bitcoin is slowly rebounding, reporting $92,681 before the deadline, with a near 24-hour decline narrowing to 2.56%.

Fidelity's Bitcoin spot ETF has recorded the largest outflow in a single day.

Accompanying the recent market decline, data from Sosovalue shows that one of the largest bid forces for Bitcoin, the Bitcoin spot ETF, experienced an outflow of up to $0.582 billion on January 8.

Among them, Fidelity's FBTC saw an outflow of $0.259 billion, marking its biggest single-day outflow. Other issuers, such as Blackrock's IBIT, ARK, and 21Shares' ARKB, experienced outflows of $0.124 billion and $148 million respectively.

Whales accumulated $0.11 billion in Bitcoin.

Despite this, according to monitoring by The Data Nerd, many whales have been actively accumulating Bitcoin during the recent decline, with a total value of $0.11 billion.

As the market declines, some whales have accumulated more Bitcoin.

Cumberland withdrew 390 Bitcoins, amounting to approximately 36.64 million USD.

Galaxy Digital withdrew 400 Bitcoins, amounting to approximately 37.76 million USD.

The address bc1qh withdrew 400 Bitcoins, amounting to approximately 37.41 million USD.

At the same time, IntoTheBlock recently analyzed that despite the pullback in Bitcoin prices, the reserves of Bitcoin on exchanges are continuously experiencing outflow, suggesting that investors may prefer to hold and observe rather than panic sell.

Analyst: Trump's inauguration may drive the next wave of Bitcoin rebound.

Regarding the future market direction, CoinDesk analyst Omkar Godbole analyzed that the current defensive measures in the market may stem from Trump's upcoming official inauguration announcement on the 20th of this month, which could be viewed as a bullish event.

However, with Trump's presidency, a series of policies that truly benefit businesses and the economy will eventually be implemented, and at that time, Cryptos will also welcome a favorable regulatory environment, with Bitcoin reserves possibly being officially prioritized; hence, Trump's inauguration may lead to a market rebound.

At the same time, QCP Capital recently pointed out that the current pullback may be laying the groundwork for the next round of rebound, and particular attention needs to be paid to the US non-farm payroll data and the FOMC meeting minutes this week, which may indicate the direction for Bitcoin's next move.