According to Odaily Planet Daily, Stephane Ouellette, CEO of cryptocurrency investment company FRNT Financial Inc., said, "Since Trump's victory, Bitcoin has been overbought, so it is normal for the rally to stagnate. In other words, last weekend's market was hardly a correction, we just returned to the level of the middle of last week."
Data shows that since Trump's election, a large amount of funds have poured into US spot ETFs that directly invest in Bitcoin, and the assets of these products have now reached US$107 billion.
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Analyst: Bitcoin has been overbought since Trump's election, and the stagnation of the rise is normal
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BTC
95,889.87
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