In the past two days, the market has been relatively weak, and Bitcoin's market share has dropped to 54.65%.
The sluggish performance of Bitcoin is mainly due to two reasons: one is that altcoins are continuously siphoning off Bitcoin, and the other is that the U.S. government has transferred 19,800 Bitcoins, causing some panic among the public.
Some investors feel that Bitcoin's price is a bit high now and are selling in batches.
However, I think there's no need to worry too much; Bitcoin reaching $100,000 is just the beginning, and it is highly likely to reach $200,000 in this bull market.
Because Bitcoin is now in short supply.
In November, the U.S. spot Bitcoin ETF bought 71,570 Bitcoins, while the Bitcoin mining output during the same period was only about 13,500.
Yesterday, MicroStrategy spent another $1.5 billion to buy 15,400 Bitcoins at an average price of $95,976.
Bitcoin mining company MARA spent approximately $618.3 million to buy 6,484 Bitcoins between October 1 and November 30.
This indicates that institutions are still continuously buying, and the demand for Bitcoin in the market is very high.
According to disclosed data, during this bull market, institutions including MicroStrategy, Tesla, and Coinbase have bought at least 1.26 to 1.36 million Bitcoins.
From the perspective of new funds entering the market, Tether has issued 1 billion USDT on Ethereum.
In addition, according to CME's Federal Reserve observation, the probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 75.1%.
Federal Reserve officials Williams and Waller are inclined towards further rate cuts in December. Currently, it seems that a rate cut in December is a high probability event.
Therefore, the market is not lacking in funds; it just lacks a trigger point for sentiment.
We just need to hold on to the Bitcoins in our hands and not get left behind.
Let's take another look at the situation of altcoins
Today, ondo surged over 40%. Our core group set up ambushes at $0.6-$0.7, and it has already doubled. Remember to take out the principal after it doubles and leave the profits in to continue running.
These assets can be held until next year when Trump takes office; after recouping the principal, you can ignore the fluctuations, which will improve your mindset and allow you to hold on longer.
In the MEME coin market, moodeng has risen over 80%, mainly due to its listing on Coinbase.
It is also the smallest market cap meme coin listed on Coinbase in recent years. Let's see how this time the Coinbase listing effect plays out and how long the heat can last.
If the consensus and heat are very high, it's likely that new MEME coin projects will be listed on Coinbase in the future.
Yesterday, we also set up ambushes for some projects that may be listed on Coinbase and Robinhood.
Coinbase users are second only to Binance, and with Robinhood in play, let's see if there will be any surprises in a few days.
Overall, the funds driving this bull market primarily come from the United States.
Whether it's the spot ETFs for Bitcoin and Ethereum or institutional applications for XRP ETFs, these have led to a surge in XRP.
Coinbase has also launched moodeng. It can be seen that the recent wealth effect in the market is very strong, and the FOMO sentiment among American investors is also rising.
From the current trend, the altseason has already begun to explode.
Altcoins are starting to surge chaotically; ADA has multiplied several times, and even junk like EOS is rising. It can be said that this is a money-picking market.
For us ordinary retail investors, all we need to do is to sit tight and not change vehicles randomly; set up ambushes in advance and hold on for the rise.
These days, I'm preparing for the launch of my planned layout!!!
Comment 168, get on board!!!
Impermanence brings impermanence brings impermanence!!!
Important things must be said three times!!!
#ETH持续飙升 #NFT市场回暖 #XRP市值重回第三
