Factors for Bitcoin's Continued Growth

There are several signs that the first cryptocurrency will continue its journey above $100,000.

Major crypto investors are in no hurry to sell their bitcoins; on the contrary. According to Santiment, in November they acquired 63,922 BTC totaling $6.06 billion, while only about 5,000 coins were entering exchanges each day. This behavior continues to push the price upward.

The market is being filled with stablecoins, which are its fuel. In November, the largest monthly influx of stablecoins of all time was recorded – $9.7 billion, which will be spent on trading. Additionally, Tether continues to issue new USDT – $16 billion was created in November, and the trend continued in December.

According to CryptoQuant, the massive FOMO (fear of missing out) effect among retail investors has not yet occurred in the current cycle, which means BTC has significant growth potential.

Another factor is the ongoing investments in BTC-ETF, indicating trust in the first cryptocurrency. For example, on November 27, $103.03 million flowed into funds, a record $3.078 billion in the previous week, and since the launch of the instrument at the beginning of the year – $34 billion.