According to Deep Tide TechFlow news, on December 16, the cryptocurrency research institution 10x Research reported that the price of Bitcoin could reach $120,000 before Trump's inauguration in January 2025. The report indicated that cryptocurrency exchanges are experiencing a massive outflow of funds, with a significant decrease in the available supply of Bitcoin on platforms, while over-the-counter (OTC) inventory levels are low. These factors collectively suggest that Bitcoin's price may experience a squeeze.
In addition, three major catalysts have successively landed in December: MicroStrategy was included in the Nasdaq 100 index (previously expected to be included in the S&P 500 with a 50% probability), Microsoft proposed to include Bitcoin on its balance sheet (10% probability), and the FASB fair value accounting rules for cryptocurrency assets (100% probability).
