Odaily Planet Daily News Bitcoin has set the longest consecutive decline record since Trump won the US election. As of Monday, Bitcoin has fallen about 6% for three consecutive days. Since the election date on November 5, the cryptocurrency market cap has grown by $1 trillion, but it is currently stagnant. 'Crypto Is Macro Now' author Noelle Acheson wrote that Bitcoin's first attempt to break through the $100,000 barrier 'may lead traders to believe the market has peaked and that it's time to lock in profits.' However, she added that any such event should be 'temporary.' Independent Reserve CEO Adrian Przelozny stated, 'People have been looking for reasons to take profits. We are still very confident that the current bullish market sentiment will last until 2025.' Additionally, TD Cowen analyst Jaret Seiberg stated in a research report that Trump will 'immediately gain control over the US SEC' after taking office on January 20, adding that this would be 'a positive signal for relaxing cryptocurrency enforcement and promoting compliance.' Over $7 billion has poured into US spot Bitcoin ETFs since the election, and these ETFs currently have total assets of $105 billion. IG Australia Pty market analyst Tony Sycamore stated that the recent Bitcoin pullback is 'a much-needed correction to eliminate overbought readings, rather than a reversal or any sinister action,' and added, 'This also reminds us that markets, even the cryptocurrency market, do not trend indefinitely in a straight line.' (Bloomberg)

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