Bitfinex Alpha: Strong inflow of ETF funds and increased retail interest, BTC still expected to break $100,000

Bitfinex Alpha: Strong inflow of ETF funds and increased retail interest, BTC still expected to break $100,000. According to Golden Finance, the Bitfinex Alpha report states that despite experiencing some brief turbulence last week, Bitcoin closed November on a high note. BTC underwent its largest pullback since the US elections, dropping 8.64% to $90,911 during the week, before quickly rebounding to set a record monthly closing price of $96,506. At the end of November, Bitcoin closed with an impressive 37.3% increase, making it the second-best month of 2024 so far. This outstanding performance continues to highlight Bitcoin's strong momentum, positioning it favorably as December approaches. Historically, December has been a turbulent month for Bitcoin, but in years leading up to halving events, the asset has averaged a return of 38.86%. Given the current bull market dynamics, Bitcoin is expected to rise further, although there may be short-term volatility. Any short-term pullbacks could be triggered by ETF fund outflows and profit-taking by long-term holders (LTH). Interestingly, the supply of short-term holders (STH) is nearing its cyclical peak of 3,282,000 BTC. Historically, the final phase of a bull market begins when STH supply breaks above the cyclical peak before the halving. This shift indicates increasing retail participation but also highlights the market's reliance on upcoming demand to absorb LTH profit-taking. If short-term holder demand can meet long-term holder supply, BTC will break $100,000.