The market is quietly undergoing a dramatic change, are you ready to embrace this massive wave of wealth? Bitcoin (BTC) has just broken through $99,000, which is like a ticking time bomb for the entire crypto market—ready to explode at any moment! This is not just a simple number, but the beginning of a new phase, a historic moment that can change your financial destiny.
GameFi is reviving! Zhu Su of Three Arrows Capital has ignited market enthusiasm; what does the resurgence of GameFi mean? It is not just a return of a hot concept; it represents the next core area of explosion in the crypto industry. Historically, the revival of the GameFi market has always triggered a frenzy of capital inflow, and what impact will this have on Bitcoin's price? We all know that Bitcoin, as the barometer of the crypto market, will directly lead the entire market's rise!
But that's not the most exciting part. The non-liquid supply of Bitcoin has hit an all-time high! Currently, nearly 75% of the Bitcoin supply is in a 'non-liquid' state, meaning that the circulating Bitcoin is extremely scarce! Less than 14% of Bitcoin is still on exchanges, making the supply-demand relationship increasingly tense, and prices will be continually driven by large capital flows. Coupled with the extremely high demand in the Bitcoin market, once capital flows in, the price will enter a stage of explosive growth with almost no turning back.
Global capital is flooding in! American investors' enthusiasm for Bitcoin has reached new heights—In November, Bitcoin spot ETF inflows exceeded $6.4 billion, with BlackRock's iShares Bitcoin Trust ETF attracting $5.6 billion, accounting for a staggering 87%! This massive influx of capital is continuously driving up Bitcoin's price, sparking a market explosion. You don't need to be an expert to see that the speed of this capital inflow will lead to a devastating surge in Bitcoin's price.
Moreover, Microsoft's proposal to include Bitcoin in its balance sheet could be the final catalyst for Bitcoin to break through $100,000! Behind Microsoft are global investment management giants like Vanguard, BlackRock, Fidelity, etc., who have quietly positioned themselves in Bitcoin and other crypto assets. Imagine if Microsoft officially incorporates Bitcoin into its balance sheet; this move will push Bitcoin into the mainstream and fundamentally change the market structure. The actions of these giants are not just market signals but a strong driving force, and prices will inevitably rise!
The Fear and Greed Index has also climbed to an annual high of 92, indicating extremely bullish market sentiment. Although the index has retreated somewhat entering December, it still remains in a strong greed zone, and the market's desire for an upswing can almost be described as 'crazy.' This sentiment will further push up the prices of Bitcoin and the entire crypto market, making the upward momentum unstoppable!
December will be a historic breakthrough month for Bitcoin! After breaking through $99,000, Bitcoin is very likely to surpass the $100,000 mark within December. This breakthrough will not only be a numerical breakthrough but also a qualitative change for the entire crypto asset market! The revival of GameFi, the influx of institutional capital, and the support from giants like Microsoft will lead Bitcoin to an unprecedented surge, potentially even doubling in 2024! Are you ready to embrace this super bull market?
