#BTC走势 $BTC

Fluctuation followed by a sharp decline: This week, Bitcoin's price has been highly volatile, falling by 7% early Friday before regaining upward momentum, and once again breaking the $100,000 mark in the early hours of December 20, recovering most of the decline since its recent high, but then experiencing another sharp drop on the 20th.

Cautious investors: There has been a continuous large net outflow from Bitcoin spot ETFs, significantly increasing investors' cautious attitudes, though some capital inflow has recently been attracted.

Factors influencing the trend

Policy and regulatory factors: The International Monetary Fund has approved a $1.4 billion extended fund loan to El Salvador, but it restricts its public sector's participation in Bitcoin-related economic activities and the trading and purchase of Bitcoin, which has a certain impact on Bitcoin. Additionally, changes in government policies and regulations regarding cryptocurrencies in various countries have a direct effect on Bitcoin's price; for example, the shift in attitude of the U.S. government and regulatory agencies has positively impacted the cryptocurrency market, yet there remains uncertainty regarding Bitcoin's regulatory policies.

Macroeconomic factors: U.S. inflation is expected to fall to 2% in 2024, which may be favorable for Bitcoin's price. The uncertainty of the global economic situation often increases investors' demand for safe assets like Bitcoin, but changes in economic conditions may also lead to shifts in investors' risk preferences, thus affecting Bitcoin's price.

Market sentiment factors: Market sentiment is significantly affected by the large fluctuations in Bitcoin's price, and the fluctuations in investor sentiment are quite evident. On one hand, the significant volatility of Bitcoin's price has led to an increase in caution among some investors; on the other hand, its price increase has attracted the attention of some investors. The CMC Cryptocurrency Fear and Greed Index reached 83, indicating an extreme greed zone, reflecting investors' optimistic expectations for Bitcoin's future performance, but this sentiment can change at any time.