Bitcoin has once again fallen into fluctuations on the eve of Christmas, with market sentiment quickly turning from optimism at the beginning of December to gloom. Yesterday evening, it briefly rebounded to $96,500 before plummeting again, reaching a low of $92,525 around 4 a.m. this morning.
At the time of writing, BTC has rebounded to the $94,000 level, still in a downward channel. However, The Block CEO Larry Cermak indicates that users need not panic too much; the pullback and deleveraging are preparations for the next rise.
Past bull markets have often been accompanied by at least three significant corrections of over 20%, and these corrections can not only eliminate excessive leverage but also reserve more momentum for the next wave of market increases.
Bitcoin spot ETF continues to see outflows, but the amount has decreased
In terms of Bitcoin spot ETF fund data, there have been continuous outflows over the past three days, but the amounts have not continued to increase. As Western countries are about to enter the Christmas holiday, it remains to be seen whether stabilizing inflows can occur in the near future.
