In the evening, Bitcoin fell again.
Bitcoin fell below $95,000.
Previously, boosted by the prospect of President-elect Trump's more favorable stance on cryptocurrency regulation, Bitcoin once surged towards $100,000.
However, as enthusiasm wanes, Bitcoin's volatility increases, having recently fallen below $95,000. Amid severe fluctuations, Coinglass data shows that over 160,000 virtual currency traders have been liquidated in the past 24 hours. Bitcoin is currently in a correction phase, leading to market disagreements about its future trend.
Zaye Capital Markets analyst Naeem Aslam stated in a report that concerns about Bitcoin consolidating persist, which may lead to further declines before a rebound occurs.
Reports indicate that long-term Bitcoin holders are gradually reducing their balances, currently holding 12.45 million Bitcoins, the lowest level since July 2022.
A large amount of capital is flowing into Bitcoin ETFs.
However, the view that Bitcoin's future trend is optimistic remains mainstream.
Yao Shangkun, Chairman of Guoxiong Capital Limited, believes that the Federal Reserve's policy adjustments and market liquidity expectations are driving risk asset preferences. The scarcity of Bitcoin supply strengthens price increases, with the halving mechanism triggered every four years, completing its fourth halving in April. The Bitcoin spot ETF lowers investment thresholds and attracts capital inflows, becoming an important channel for fund inflows. Bitcoin prices are bullish, potentially reaching $125,000 per coin by the end of the year, and $200,000 per coin by 2025. Price trends carry uncertainties influenced by investor sentiment and policy changes.
In fact, some data also supports the optimistic viewpoint on Bitcoin. On December 3, BlackRock's IBIT surpassed 500,000 Bitcoins (approximately $48 billion) in assets under management on Monday, less than a year since the fund began trading on January 11.
According to the latest fund disclosure, as of November 29, BlackRock's Bitcoin ETF has accumulated 496,854 Bitcoins. Data from K33 shows that the fund had a net inflow of $338.3 million (approximately 3,526 Bitcoins) yesterday, surpassing this milestone and reaching 500,380 Bitcoins, accounting for 2.38% of Bitcoin's total supply (21 million Bitcoins).
Additionally, MicroStrategy increased its holdings by 15,400 Bitcoins at an average price of $95,976 each between November 25 and December 1, totaling an investment of approximately $1.5 billion, further solidifying its position as the largest corporate holder of Bitcoin globally.
Coinbase Chief Policy Officer Faryar Shirzad stated that after Trump officially takes office in the White House, the U.S. Congress will likely pass cryptocurrency legislation "quite quickly."
In other market aspects, European stock markets mostly rose, with the UK FTSE 100 index up over 0.66%, and important stock indices in France and Germany also rising.#ETH持续飙升 