$BTC

BTC, Significant increase in volume, is it a real rally or a fake one?

Last night, U.S. stocks opened high, initially dropped and then rose, but did not break through the 102 level. The rise was slow, and today in the Asian session, there was an appropriate increase in volume to the 1026 position, followed by fluctuations. The rally does not have the momentum of a one-way surge like in November; it's not that they don't want to rally, but there is currently no hot money being minted. It’s unnecessary to worry about ETF capital inflows; we only need to focus on the new funds minted by Tether on-chain. If there is new money, it leads directly to more buying or spot purchases; if there isn't new money, the rise will retrace as it came up. High market capitalization without sufficient liquidity is just a false breakout.

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