❗❗❗Bitcoin December 21 Market Analysis and Trading Suggestions

I. Key Information

1. Capital Flow

- Yesterday, the US spot Bitcoin ETF had a net outflow of $671.9 million, and the Ethereum ETF had a net outflow of $60.5 million. Grayscale GBTC had a net outflow of $57.4 million, ARK's ARKB had a net outflow of $87 million, but Franklin's EZBC had a net inflow of $5.6 million, and Grayscale mini BTC had a net inflow of $6.4 million.

2. Liquidation Situation

- In the past 24 hours, the total liquidation across the network was $1.401 billion, with long positions liquidated amounting to $1.201 billion. A total of 428,445 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT, valued at $15.7954 million.

3. Exchange Outflows

- In 2024, Bitcoin worth $9.4 billion flowed out of exchanges due to the success of Bitcoin ETFs.

4. Large Transactions

- Five hours ago, a whale purchased 4,943 ETH for 17.1 million DAI at an average price of $3,459.

II. Key Information Analysis

Bitcoin shows strong support around 90,000 - 92,000, having repelled bears three times. Due to the Christmas holiday until January 5, 2025, Wall Street will be on break, and the US stock market will be closed, pausing Bitcoin ETF trading. If selling pressure like that on the 20th arises, it is uncertain whether it can hold (as long as the US stock market does not crash, it won't). There is still pressure around 98,000 - 100,000. If there is a second pullback before Wall Street resumes on January 5, it could be a buying opportunity. Increased entry capital for Ethereum; the largest single contract long liquidation yesterday was ETH, and after all long positions are liquidated, it may perform independently, with altcoins following suit.

III. Trading Suggestions

1. Focus on Key Levels: 98,000 - 100,000 is a key resistance level; a breakthrough could lead to upward movement, while failure to break or a pullback may occur; 90,000 - 92,000 is a key support level.

2. Flexible Adjustments: If a pullback occurs near resistance levels, it may be a good opportunity to buy spot; if breakthroughs occur, hold or increase spot positions.

3. Risk Management: Strictly control risks, set reasonable stop losses, and avoid chasing highs and cutting losses.

Bitcoin is in a fluctuating trend; focus on buying spot at lower levels, monitor key resistance levels and market dynamics, and adjust strategies flexibly to control risks. #USUAL走势分析 #萨尔瓦多增持BTC #灰度SUI信托基金 #PCE通胀降温