The Bitcoin market has been active recently! According to the latest report from Bitfinex, the price of Bitcoin has surpassed $104,000, reaching a new all-time high, and market sentiment remains strong. Although a correction may occur in early 2025, supply tightening and the optimistic attitude of miners suggest that prices are likely to continue rising in the medium term.

The liquidity inventory ratio has significantly decreased, dropping from 41 months in October to 6.6 months, indicating tight market liquidity, particularly evident during the rebound in 2024. Since April 2024, miners have reduced the speed at which Bitcoin flows to exchanges, significantly alleviating selling pressure, and the decrease in market supply has mitigated the impact of recent price adjustments.