$BTC

Will BTC break new highs?

This question is not determined by emotions, nor by anything else, but solely by hot money. Tether has printed over 20 billion since November, and major institutions like BlackRock and Fidelity are continuously buying. Buying requires USDT to be exchanged for BTC; if there is no new capital inflow, then it's just a case of left hand trading to right hand, going up and down.

When institutions buy, someone needs to sell. Buying leads to a decrease in Bitcoin liquidity, causing the price to appreciate, while selling leads to an increase in Bitcoin liquidity, causing the price to decline. Therefore, fluctuations are quite normal. With ETF funds flowing in and being converted into BTC, if neither of us sells, Bitcoin liquidity decreases. If it decreases to the point of no trading, then a mere 1.2 BTC could cause tens of thousands in fluctuations, though such situations are rare. One just needs to know that where there are highs, there are lows; as long as there is a continuous influx of hot money, new highs can be achieved. Tether minted nearly 20 billion USDT in November, pulling the price up by over 20,000 to 30,000. If they continue to mint 40 billion or even 50 billion in December, then 120,000 or 150,000 is just around the corner. If there is no minting, then the relative height can be anticipated.