BTC Breaks Through the 90,000 Barrier: Global Liquidity, Institutional Layouts, and Seven Key Indicators Dance to the Bull Market Melody
In the ever-changing global financial landscape, Bitcoin has surged to a historic high of 90,000 USD with its unique rhythm. Although it has slightly retraced, it resembles a grand overture, heralding an unprecedented bull market feast.
As the dust of the presidential election settles, the news of Trump once again taking the helm of the White House acts like a shot of adrenaline, injecting boundless vitality into the Bitcoin market. In just one week, Bitcoin's price skyrocketed by 35%, soaring to the skyline of 90,000 USD, then took a brief pause, its momentum so magnificent that data from Trading View is enough to shake the hearts of every financial believer.
Meanwhile, the trading volume of Bitcoin-related products has also experienced an unprecedented explosion, with 38 billion USD swirling in the cryptocurrency market, each transaction carrying investors' infinite hopes for the future. The BTC ETF launched by BlackRock has further surpassed the market value of gold and silver ETFs with its astonishing growth rate, becoming the new darling of the financial market.
The total market cap of the cryptocurrency market has also broken through the historical high of 2.9 trillion USD with unstoppable momentum. In this ocean filled with opportunities and challenges, funds have never surged so powerfully, each drop containing the power to change the world.
Next, let us focus on those key indicators that signify the market direction, like lighthouses on a nautical chart, guiding investors forward.
The Fear and Greed Index, an emotional indicator provided by Coin Glass, acts like a mirror reflecting the psychological state of the market. The current index is at 69, akin to the phrase 'Nice', neither overly greedy nor lacking in caution. However, please note that each index has its unique sensitivity, and thus, a comprehensive consideration is necessary for a true insight into the market's reality.
The Google Search Trend Index for Bitcoin is as high as 79%, resembling a nationwide carnival, indicating that more fresh blood is flowing into this mysterious and captivating field. Although the current search volume has not yet surpassed the peak of May 2021, as the market continues to expand, this cycle may welcome even more spectacular scenes.
