Bitcoin's potential journey to $100,000 hinges on the balance between short-term holder (STH) demand and long-term holder (LTH) profit-taking, as per the latest 'Bitfinex Alpha' report. Despite a recent pullback, Bitcoin closed November at a record $96,506. The report forecasts continued upward momentum, citing historical halving year trends. However, December may bring volatility due to significant options expiry. Long-term holders distributing Bitcoin could lead to short-term price fluctuations. The report emphasizes the importance of STH demand matching LTH supply for sustained growth. If this balance is achieved, Bitcoin could reach $100,000. Traders are advised to monitor supply trends and STH demand closely. The report also discusses market insights, including US crypto inflows and SBI VC Trade's activities. Additionally, it covers Michael Saylor's call for Microsoft to invest in Bitcoin and CryptoSlate's analysis on Bitcoin ETF options. Read more AI-generated news on: https://app.chaingpt.org/news
Bitcoin's Path to $100K: Short-Term Demand vs. Long-Term Profit-Taking
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