Some good news for the market in the future:
The first is that a large amount of funds in January may intervene in the market. FTX paid compensation. In December, it paid 98% of retail investors, defined as those with less than 50,000 US dollars, a total of 1.1 billion US dollars. It is expected that large amounts will be paid in the first quarter, a total of 13.4-15.2 billion US dollars. The compensation is likely to be USDC, which is equivalent to the support of more than 100,000 Bitcoins. Even if only a small part of the funds flow into the market, it is a huge amount of buying.
At the beginning, many people believed that these funds would flow out of the market after the compensation. If you are a payer, after seeing the market hit 100,000, and most of the altcoins and Ethereum did not follow, would you choose to leave the market? Or continue to fight?
The second is that Trump will take office in January next year, and the SEC chairman will be replaced. Even if the situation gets worse, the price of the currency will not be too bad. Of course, we should not have too high expectations. Yesterday, 100,000 has reduced the position of Bitcoin by 20%. Those above 150,000 are considering reducing their positions. They start to do short-term or long-term operations in the altcoin market, just to prepare for hoarding more altcoins that can outperform the market.
