Recent macro analysis overview of Bitcoin and some altcoins trends:
Market news: Miners have become the main source of selling pressure for Bitcoin, but after the peak in November, it has gradually decreased, indicating reduced pressure above. The expectation of Old Special taking office may help the market reach new highs.
Institutional dynamics: Last week, institutional behavior shifted from large-scale selling to minor selling or large-scale buying, indicating an improvement in market conditions. Temporary bearish factors may have been digested, and the upward momentum of the market is beginning to show.
Market sentiment: Bullish sentiment was high at the 100,000 price level, but after the price drop, market sentiment turned bearish, with low bullish sentiment and many observers. There are many short positions, and the market has not yet fully accepted the trend of turning bullish.
