$BTC BTC rebounded after falling to $91,000, and rebounded sharply today. BTC spot ETFs also resumed net inflows. From the data, short-term users who bought $80,000 to $90,000 have been taking profits in the $97,500 to $98,500 range, which also temporarily suppressed the price of the currency.
Glassnode mentioned in the report that due to the good news of Trump's victory, the rapid rise of BTC before led to not many chips changing hands between $76,000 and $88,000, so $88,000 is a very critical price. Once BTC falls below this price, it will form a rapid collapse and accelerate the decline, causing greater panic. Fortunately, this time it only fell to $91,000 and immediately rebounded (so scary 😟).
After the FTX incident, the liquidity of the market is gradually recovering. The bankruptcy of FTX once caused a serious decline in market liquidity. According to the latest data, the recent liquidity growth of Coinbase and Kraken exchanges has been very rapid. The current trading volume in the United States has exceeded the level before the collapse of FTX.
The surge in liquidity is the guarantee for the arrival of a big bull market, and a healthy turnover rate is beneficial to the continuous rise of the bull market. Every large retracement in the bull market is an opportunity for those who missed the opportunity to make up for the ticket and get on the train. As long as you encounter a big pullback, don't be afraid, be bold. 😁