Will there be new funds entering the market to pull up the market at present?
Yes! The latest market information on Bitcoin:
1. Spot market: US spot ETFs have a cumulative net inflow of 14.763 billion US dollars, and yesterday they had a net inflow of 143 million US dollars. There is a fund coming in to copy a little bit;
2. In the futures market, Deribit's Bitcoin block options bought 85,000 call options at the end of March next year. In addition to these, there are also people like Dell's founder who have expressed their intention to enter.
It is understood that the current cost of miners is 48,000 to 52,000 yuan, and there will be another force supporting this position.
In the long run, this decline is more certain that a big bull market will come in the future. Whether it is Bitcoin or Ethereum, it is seriously oversold technically. It can be seen from the rebound last night that some funds have also come in to copy, but not a lot. In the future, it will see if the funds have the opportunity to rebound more. If 55,000 is stable, there will be a chance to try 60,000 again. Ethereum has just broken 3,000, and it will be repeatedly tossed here for repair until it accumulates enough strength to move up. After all, it is not long before we know whether Ethereum's ETF is approved!
