Trump was elected, interest rate cuts began, and the shoe has dropped! Coupled with the crazy bull market that started 6 months after each round of Bitcoin halving in history, November 2024 is destined to be a good start. We have survived the bear market where Bitcoin fell 85%, survived the bankruptcy of exchanges in panic, and waited for news of bank bankruptcies one after another in agony. But from this moment on, happy days will accompany every believer in the cryptocurrency circle!
Today is Saturday, November 9, 2024. This year’s big positives have basically been exhausted. Let’s take a look at how the overall market will develop in the future:
Bitcoin stabilizes at $75,000, what will happen next?
Bitcoin has already formed an effective breakthrough in the overall market cycle. After 7 months of shocks in the range of 56,000 to 73,000 US dollars, there is no pressure on the upper price. Every day of upward breakthrough is a new high for the price of Bitcoin. The most important support level below is still at EMA200 of 63,500 US dollars. Many students asked me what the price of Bitcoin will be by the end of the year? There is a probability of more than 90% that it will touch 100,000 US dollars.
Compared with Ethereum, it is currently standing firm at $3,000 and reached $3,060 today. This is a very good news. After experiencing the tragedy of August 5, it has been fluctuating sideways for more than three months and finally stood above $3,000. According to the current market conditions, it will be very easy for Ethereum to stand firm above $5,000 around Christmas, but the high point of this round of bull market may not be as high as we thought. My expectation for ETH is that the crazy bull market can break $10,000.
Many people have been asking me when will the altcoin market come? It’s still early. More than 95% of altcoins have not made a major breakthrough yet and are still at a low level. If you want to hold the current price for a long time, you can hold it. But if you want to roll your position and catch the sector rotation, and if it is more cost-effective, at this stage I will still rationally choose to hold BTC, followed by ETH.
How has Trump's presidency benefited cryptocurrencies?
Many people know that Trump’s election will definitely be good for Bitcoin and the entire cryptocurrency, but as for how and from what aspects, Trump’s election, my BTC can finally be sold for more than 250,000 US dollars! ! ! This is a detailed analysis I made in my article a few days ago, but one thing needs to be emphasized here: Although Trump was elected, he will not officially take office until January 2025, which means that many favorable policies will not be reflected until the crazy bull market in 2025. Remember: This is just the beginning, and it is not yet time for the official good news to come out. When the market is Fomo, all you need to do is to endure for 3 years. At this time, hold the chips in your hands and wait patiently.
Secondly, let me review for you the performance of Bitcoin after the election in the past decade:
According to Coinglass data, over the past decade, Bitcoin has performed as high as $100 billion at the end of election years.
2016: 5.42% in November, 30.8% in December
2020: 42.95% increase in November, 46.92% increase in December
2024: Rise in November???
Bitcoin spot ETF's largest single-day trading volume in history
Will BlackRock be the biggest winner?
The big wave has arrived丨Bitcoin spot ETFs have a daily turnover of $6.07 billion, among which BlackRock IBIT has a daily turnover of $4.14 billion, and the scale of assets under management has reached $26 billion, which has exceeded one-third of the total amount of all US venture capital financing last year (about $67 billion). The total market value of Bitcoin ETFs has reached $78.63 billion. As mentioned before, the currency circle only needs to focus on one indicator, that is, the capital inflow of#BTCspot ETFs. The influx of OTC funds has played an important role in maintaining Bitcoin buying and responding to the seller pressure of long-term holders to take profits. Halving cycle + election benefits + policy reduction, hold on to the handrails, the market will usher in an explosion of liquidity in November!
Expect volatility in BTC ETFs in the short term. While IBIT remains the volume and liquidity leader, it may not offer the best volatility to trade. FBTC and ARKB have seen significant fluctuations in relative size, providing the best opportunities to trade. Insight Bitcoin ETFs saw record net inflows of approximately $5.415 billion in October. The popularity and demand for these products has prompted the U.S. SEC to further approve options trading on many BTC ETF products. Increased speculation, leverage, margin calls, market maker delta hedging, and sentiment effects could impact BTC ETFs, which will have a carryover effect on the direct Bitcoin spot market itself. BlackRock's IBIT is far ahead, with $4.6 billion in monthly volume and the most active trading. For traders looking to act on market dynamics, this also means that for every trade, if it is an IBIT, there will be someone willing to take it.
The predictions in September and November were both correct.
How many basis points will the interest rate be cut in December?
Regarding the two interest rate cuts in 2024, the 50 basis points in September and the 25 basis points on November 8, I have also made detailed analysis in previous articles: With the double benefits of the election and the interest rate cut, will BTC see more than 80,000 Usdt in November? Is the benefit of Token2049 greater? Or is the benefit of the 50 basis point interest rate cut on September 19 greater?
Fortunately, the public account also has memory, and it analyzes everything before the Fed makes a decision. Otherwise, someone would say behind my back that I am just guessing!
The impact of the 25 basis point interest rate cut in November on the Bitcoin market is mainly reflected in the following aspects:
Market Sentiment and Price Reaction:
Lower interest rates generally reduce borrowing costs, which may increase liquidity in the market and boost investors' risk appetite. This environment is usually favorable for assets like Bitcoin, as they are seen as relatively safe investment options. Bitcoin prices may surge higher in the short term after a rate cut, especially as market sentiment may be more optimistic after the election.
Technical analysis perspective:
The current general trend of Bitcoin has exceeded $73,000, which may indicate that the price is about to bottom out and rebound. In addition, the market generally expects more interest rate cuts in the future, which will further reduce borrowing costs, which may drive up the price of Bitcoin.
Long-term trends and supply and demand:
In the long term, Bitcoin supply is shifting from short-term holders to long-term holders, which could portend further price increases. Meanwhile, inflows into spot ETFs and activity on over-the-counter desks are also market dynamics worth watching.
The shoe has dropped, let's take a look at the agency's
This round of Bitcoin price analysis
Trump's coming to power is good for cryptocurrencies. After the Federal Reserve cut interest rates by 25 basis points on November 8, Ai combined BTC historical trends, US bonds, M1, M2, M0 and other comprehensive data to give that the price of BTC will reach 275868💲 in 2025. This is still a relatively expected result, that is, a 3.5-fold increase in the current price of Bitcoin. According to historical trends, this is not a big deal!
Similarly, BlackRock, the largest institution in the current cryptocurrency track and the world's richest asset management institution, also gave a price analysis and forecast for Bitcoin. By mid-2025, the price of BTC will reach 140,000 US dollars, but it did not give the highest price of Bitcoin in 2025 because they are the largest dog dealer.
Trump was elected, interest rate cuts began, and the shoe has dropped! Coupled with the crazy bull market that started 6 months after each round of Bitcoin halving in history, November 2024 is destined to be a good start. We have survived the bear market where Bitcoin fell 85%, survived the bankruptcy of exchanges in panic, and waited for news of bank bankruptcies one after another in agony. But from this moment on, happy days will accompany every believer in the cryptocurrency circle!
Today is Saturday, November 9, 2024. This year’s big positives have basically been exhausted. Let’s take a look at how the overall market will develop in the future:
Bitcoin stabilizes at $75,000, what will happen next?
Bitcoin has already formed an effective breakthrough in the overall market cycle. After 7 months of shocks in the range of 56,000 to 73,000 US dollars, there is no pressure on the upper price. Every day of upward breakthrough is a new high for the price of Bitcoin. The most important support level below is still at EMA200 of 63,500 US dollars. Many students asked me what the price of Bitcoin will be by the end of the year? There is a probability of more than 90% that it will touch 100,000 US dollars.
Compared with Ethereum, it is currently standing firm at $3,000 and reached $3,060 today. This is a very good news. After experiencing the tragedy of August 5, it has been fluctuating sideways for more than three months and finally stood above $3,000. According to the current market conditions, it will be very easy for Ethereum to stand firm above $5,000 around Christmas, but the high point of this round of bull market may not be as high as we thought. My expectation for ETH is that the crazy bull market can break $10,000.
Many people have been asking me when will the altcoin market come? It’s still early. More than 95% of altcoins have not made a major breakthrough yet and are still at a low level. If you want to hold the current price for a long time, you can hold it. But if you want to roll your position and catch the sector rotation, and if it is more cost-effective, at this stage I will still rationally choose to hold BTC, followed by ETH.
How has Trump's presidency benefited cryptocurrencies?
Many people know that Trump’s election will definitely be good for Bitcoin and the entire cryptocurrency, but as for how and from what aspects, Trump’s election, my BTC can finally be sold for more than 250,000 US dollars! ! ! This is a detailed analysis I made in my article a few days ago, but one thing needs to be emphasized here: Although Trump was elected, he will not officially take office until January 2025, which means that many favorable policies will not be reflected until the crazy bull market in 2025. Remember: This is just the beginning, and it is not yet time for the official good news to come out. When the market is Fomo, all you need to do is to endure for 3 years. At this time, hold the chips in your hands and wait patiently.
Secondly, let me review for you the performance of Bitcoin after the election in the past decade:
According to Coinglass data, over the past decade, Bitcoin has performed as high as $100 billion at the end of election years.
2016: 5.42% in November, 30.8% in December
2020: 42.95% increase in November, 46.92% increase in December
2024: Rise in November???
Bitcoin spot ETF's largest single-day trading volume in history
Will BlackRock be the biggest winner?
The big wave has arrived丨Bitcoin spot ETFs have a daily turnover of $6.07 billion, among which BlackRock IBIT has a daily turnover of $4.14 billion, and the scale of assets under management has reached $26 billion, which has exceeded one-third of the total amount of all US venture capital financing last year (about $67 billion). The total market value of Bitcoin ETFs has reached $78.63 billion. As mentioned before, the currency circle only needs to focus on one indicator, that is, the capital inflow of#BTCspot ETFs. The influx of OTC funds has played an important role in maintaining Bitcoin buying and responding to the seller pressure of long-term holders to take profits. Halving cycle + election benefits + policy reduction, hold on to the handrails, the market will usher in an explosion of liquidity in November!
Expect volatility in BTC ETFs in the short term. While IBIT remains the volume and liquidity leader, it may not offer the best volatility to trade. FBTC and ARKB have seen significant fluctuations in relative size, providing the best opportunities to trade. Insight Bitcoin ETFs saw record net inflows of approximately $5.415 billion in October. The popularity and demand for these products has prompted the U.S. SEC to further approve options trading on many BTC ETF products. Increased speculation, leverage, margin calls, market maker delta hedging, and sentiment effects could impact BTC ETFs, which will have a carryover effect on the direct Bitcoin spot market itself. BlackRock's IBIT is far ahead, with $4.6 billion in monthly volume and the most active trading. For traders looking to act on market dynamics, this also means that for every trade, if it is an IBIT, there will be someone willing to take it.
The predictions in September and November were both correct.
How many basis points will the interest rate be cut in December?
Regarding the two interest rate cuts in 2024, the 50 basis points in September and the 25 basis points on November 8, I have also made detailed analysis in previous articles: With the double benefits of the election and the interest rate cut, will BTC see more than 80,000 Usdt in November? Is the benefit of Token2049 greater? Or is the benefit of the 50 basis point interest rate cut on September 19 greater?
Fortunately, the public account also has memory, and it analyzes everything before the Fed makes a decision. Otherwise, someone would say behind my back that I am just guessing!
The impact of the 25 basis point interest rate cut in November on the Bitcoin market is mainly reflected in the following aspects:
Market Sentiment and Price Reaction:
Lower interest rates generally reduce borrowing costs, which may increase liquidity in the market and boost investors' risk appetite. This environment is usually favorable for assets like Bitcoin, as they are seen as relatively safe investment options. Bitcoin prices may surge higher in the short term after a rate cut, especially as market sentiment may be more optimistic after the election.
Technical analysis perspective:
The current general trend of Bitcoin has exceeded $73,000, which may indicate that the price is about to bottom out and rebound. In addition, the market generally expects more interest rate cuts in the future, which will further reduce borrowing costs, which may drive up the price of Bitcoin.
Long-term trends and supply and demand:
In the long term, Bitcoin supply is shifting from short-term holders to long-term holders, which could portend further price increases. Meanwhile, inflows into spot ETFs and activity on over-the-counter desks are also market dynamics worth watching.
The shoe has dropped, let's take a look at the agency's
This round of Bitcoin price analysis
Trump's coming to power is good for cryptocurrencies. After the Federal Reserve cut interest rates by 25 basis points on November 8, Ai combined BTC historical trends, US bonds, M1, M2, M0 and other comprehensive data to give that the price of BTC will reach 275868💲 in 2025. This is still a relatively expected result, that is, a 3.5-fold increase in the current price of Bitcoin. According to historical trends, this is not a big deal!
Similarly, BlackRock, the largest institution in the current cryptocurrency track and the world's richest asset management institution, also gave a price analysis and forecast for Bitcoin. By mid-2025, the price of BTC will reach 140,000 US dollars, but it did not give the highest price of Bitcoin in 2025 because they are the largest dog dealer.
Bitcoin Market Report: Key Trends, Insights and Bullish Price Predictions Bitcoin could reach $102,000 to $140,000 by mid-2025.
Key Highlights:
• Bitcoin on-chain analysis: Bitcoin exchange balances are at historic lows, indicating that holders are growing in confidence and increasingly choosing self-custody.
• Bitcoin ETFs surge: ETF inflows exceeded $5.4 billion in October, with BlackRock’s IBIT leading the market. This reflects the growing acceptance of Bitcoin in mainstream financial markets.
• Mining dynamics: Russia and China are expanding their mining influence, while the United States still maintains the largest share of computing power.
• BTC exchange balances hit record low, indicating rising preference for self-custody
• Addresses with balances of over 100 tokens reached a record high, reflecting growing adoption
• Strong on-chain fundamentals suggest price momentum will continue into 2025.
Insight’s total Bitcoin balances on exchanges decreased significantly in October and are now just under 3 million. This decline shows that investors are increasingly choosing to self-custody rather than leaving their funds on exchanges, a trend often associated with long-term holding strategies. When exchange balances decrease and prices increase, it indicates confidence in Bitcoin’s mid- to long-term trend.
Highlights • Russia and China currently contribute significantly to global Bitcoin hashrate. • The United States still leads in hashrate, but Russia holds second place, while China is quietly increasing activity despite a mining ban. • Emerging markets such as Ethiopia and Argentina are also seeing growth, which could affect hashrate distribution.
It is predicted that if the computing power of China and Russia continues to grow, American miners may face new global competition next year.
Insights Russia and China are emerging as key forces in the global Bitcoin mining sector. Russia is now the second largest contributor to global computing power. It uses abundant natural resources to allow miners to obtain cost-effective energy.
Insights Russia and China are emerging as key forces in the global Bitcoin mining sector. Russia is now the second largest contributor to global computing power. It uses abundant natural resources to allow miners to obtain cost-effective energy.
SoL really has a chance this round
Will it surpass ETH to become the leader in public chains?
This topic has been heatedly discussed by many new investors recently, but what I want to say is: Big Brother will always be your Big Brother, and you will not have any chance in the next five years at least. I have summarized at least the following five reasons:
Five reasons why Sol is unlikely to surpass ETH as the world's core blockchain:
1) Solana lacks true client diversity and is unlikely to achieve this in the foreseeable future.
Client diversity means that the chain is run by multiple independent programs in parallel. This is very helpful to prevent attacks (multiple independent development teams and programming languages) and accidents (multiple code bases, because bugs are usually confined to a single code base). User diversity is a must for the global core blockchain!
2) The second reason Solana will never become a global backbone is that its chain requires very high bandwidth (recommended upload speed is 10Gbps), which increases significant real-world centralization risks.
The core purpose of a global core blockchain is to minimize all forms of risk, so burdening it with extremely high bandwidth requirements is not feasible.
3) Solana is at high risk of future downtime: Solana has experienced stagnation many times in the past and lacks Ethereum’s protocol-level fallback mechanism, allowing it to continue generating blocks even if it cannot be “finally confirmed.”
When the world's core blockchain carries assets from 200 countries and $100 trillion, it is particularly important to maintain stable operations, including never going offline.
4) Solana lacks economic decentralization: only about 2% of its initial token offering (TGE/ICO) was sold publicly, and about 98% was allocated to insiders.
Ethereum achieved widespread distribution through a seven-year PoW high inflation mechanism after the initial 80% public sale, as miners had to sell almost all of their ETH to pay for mining costs.
Economically and operationally, Solana is highly centralized, increasing systemic risk and reducing its suitability as a global core blockchain.
5) L2’s zk proof aggregation enables the L1 global backbone to not sacrifice decentralization for scalability under any circumstances.
Although Eth L1 (Layer 1 network) is not focused on execution expansion, in the future the world's L2/L3 (Layer 2 and 3 networks), and even thousands of chains, will be able to complete settlement on Ethereum through zk aggregation.
Solana is focused on L1 execution expansion, but for the global core blockchain, this is a burden on the need for decentralization and public neutrality.
The future has come, a crazy bull market,
Believe it or not, it has officially started.
The reason why Bitcoin can be driven up so wildly in this round of bull market is largely due to the support of ETFs. I have said before that the two data you need to pay attention to in this round are: the key position of contract liquidation and the large capital inflow of Bitcoin spot ETFs.
1. Large-scale liquidation is a key position for contracts and leverage derivatives. Whether the fomo sentiment here is serious, I also emphasized a data in March, whether the annualized lending rate in the market exceeds 40%. If you don’t believe it, you can look at the data in my article in March. These are not lies.
2. Bitcoin's spot ETF data, which represents the purchasing power and willingness of large funds, is also a key point of bargaining between institutions. From January 10th to now, Bitcoin's spot ETF institutional holdings have increased from 0 to more than 1.3 million BTC, with a total market value of nearly 80 billion US dollars. They keep buying, which will lead to a decrease in BTC's liquidity and make it relatively easier for BTC's price to rise.
Finally: I remind you again that the crazy bull market is a good opportunity to make money, but it is also a time when many people lose money. We must do three things well:
First: Manage your positions well and know your own strengths and weaknesses!
Second: If you don’t understand this token, don’t go for big funds, otherwise you will get beaten and not know why?
Third: You must study hard. You always think that tuition fees are expensive, but you don’t know that your losses are far more than that. In the end, it will make you mentally unbalanced and lose opportunities and capital.
Previous high-quality content:
Key point: Why do institutions predict that the price of BTC will exceed 1 million Usdt per coin in the future?
1. If Trump is elected, my BTC can finally be sold for more than 250,000 USD!!!
2. Brother, if you hesitate even to buy BTC, then please stay away from the cryptocurrency circle!
3. In this bull market, I just want to earn 10 times the profit. How can I do it? Let me teach you!
4. What you lack in the cryptocurrency world is the opportunity to make money? No, absolutely not! What you lack is an excellent guide.
5. What was the trend of BTC before and after the Fed’s interest rate cuts in the past decade? [Is the net inflow of over 11 billion USDT in the exchange in the past month a bargain? ]
6. With the dual benefits of the election and interest rate cut, will BTC see more than 80,000 Usdt in November?
7. The black swan of global finance, more than 320,000 people in the cryptocurrency circle were liquidated today, and the liquidation scale exceeded 1.2 billion USDT!
8. The development history of Ethereum [ETH], the world's largest public chain, over the past decade and its future prospects.
9. The next best asset for global circulation - BTC
10. Which public chain will be the performance king in the future?
