Brothers, it's finally the turn of the air force to be beaten, and the bulls have a bite of soup! Today, the highest price of Bitcoin has exceeded 63,000. The short-term panic has disappeared, and Grayscale has started to buy in!

Why did it rise today? The following points may be an explanation;

① According to Coinglass data, the entire network has exploded $170 million in the past 24 hours, of which long orders exploded $38.7469 million and short orders exploded $131 million. (The main explosion is short orders, as fuel.)

② According to HODL15Capital monitoring, the Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago, and each ETF holds at least 1,000 BTC. (Hong Kong ETFs are also slowly getting better)

③ Farside Investors data shows that GBTC had a net inflow of $63 million yesterday, which was the first net inflow since it was converted to a spot Bitcoin ETF.

In addition, EZBC had a net inflow of $60.9 million, BITB had a net inflow of $33.5 million, ARKB had a net inflow of $28.1 million, and HODL had a net inflow of $8.7 million. (Grayscale has also started to stock up)

④ Crypto analyst PlanB posted on social media that $60,000 seems to be an effective support level in the bull market. Just like in 2012, 2016-2017, and 2020.

Everything is fine, but the price has returned, and the positions are gone. I don’t know how many people have been liquidated again. After all, the market is still dominated by contracts, so it’s better to be more stable in spot, play less contracts, and hold spot steadily!

If you are also fighting alone, you can click on my avatar to follow me, join my free social skirt, and discover the wealth code together!

#BTC #ETH