Bitcoin has recently gone through a wave of adjustment, dropping to around 92,500, which has caused many to worry about a crash or that the bull market has ended.
Sweet Sister believes there will be a demand for short-term market corrections, but the extent should not be too large, as the buying power below is very strong.
Currently, the issuance of stablecoins like USDT and USDC is continuously increasing, with a total market capitalization exceeding $190 billion, setting a new historical high.
In just November, $15 billion has been issued, indicating a large influx of new funds into the market.
The Bitcoin spot ETF is also seeing continued net inflows, along with MSTR's leverage effect, which are driving Bitcoin prices to new highs.
Wall Street capital is the main driving force; currently, most Bitcoin holdings belong to Wall Street capital from Brazil, and they will fully promote this matter from an interest perspective.
Here is a prediction of the most likely trend:
Only when Bitcoin adjusts can there be a bull market for altcoins. It is important to know that the logic of retail investors differs from that of institutions; institutions may only recognize leading projects, so funds only rush into Bitcoin. However, retail investors are always looking for opportunities to overtake in the curve. This wave of Bitcoin’s beautiful market has left many altcoins with severe demand for catch-up. Retail investors have seen this point, which is why they will direct their funds to the altcoin market, and this wave of altcoin catch-up will also help Bitcoin break through 100k, as this breakthrough is the result of both funds and emotions working together.
In fact, the best scenario is for Bitcoin to oscillate at high levels, allowing Ethereum to take over and drive many altcoins to soar!
Once Ethereum continues to rally, even if Bitcoin breaks below the 92,500 support level, it will provide space for Ethereum to pull back. This can be considered a relatively good state for a bull market relay.
If the market only relies on Bitcoin to drive up prices, retail investors may never catch up with Bitcoin, but the catch-up of altcoins will definitely attract retail funds to chase, or attract retail investors to sell their already appreciated altcoins, thereby supporting Bitcoin’s breakthrough in terms of funds and emotions. After Bitcoin rises, it can stop and wait for altcoins, and this process can repeat continuously to create the altcoin bull market we are familiar with!#内容挖矿