Look at what big capital is doing now and what you are doing. MicroStrategy bought another $5.61 worth of Bitcoin at a price of $106,662. Is this borrowed money to buy, or is it bought at $106,662? It can be seen how optimistic MicroStrategy is about the future market. Since Trump won the US presidential election on November 5, the price of Bitcoin has continued to rise, setting a record of the longest seven-week winning streak since 2021.
Data shows that US spot Bitcoin ETF products attracted $12.2 billion in net inflows during this period, and Ethereum ETF products also received $2.8 billion in net inflows.
Market participants are full of expectations for Trump's support for digital assets and his commitment to making the United States a dominant force in the global crypto industry. This optimism is directly reflected in the strong demand for crypto ETF products from institutional investors.
10xResearch posted on the X platform that the new Bitcoin trading signal target is to reach $120,000 before Trump's inauguration in January. Bitcoin’s rally is resuming after a brief consolidation, as highlighted last Friday, cryptocurrency exchanges are experiencing massive outflows, significantly reducing Bitcoin’s availability on trading platforms, while at the same time, OTC platforms are also experiencing reduced inventory. These factors together suggest that Bitcoin prices are likely to be squeezed.
In addition, a new Bitcoin trading signal was received, which deserves serious consideration based on the accuracy of the trading model with 10 out of 12 successes.
The signal suggests that Bitcoin could surge to $120,000 by the time Trump takes office on January 20, 2025.
While the three catalysts identified for December, MicroStrategy’s inclusion in the S&P 100, the Fed’s 25 basis point rate cut, and the FASB’s accounting rules on fair value reporting for crypto assets, have now emerged, their full impact is being felt.
It is worth noting that MicroStrategy was not included in the S&P 500, but was included in the Nasdaq 100, which could drive increased buying activity this week.
