12.7 Precise Market Analysis
Good morning, brothers, ETH has once again broken through $4000.
Let's start with the data and see the current situation.
Total market value of stablecoins has increased by 0.7% compared to the previous day, indicating that the market continues to push higher.
Bitcoin balance on exchanges has decreased by 0.3% compared to the previous day, indicating that large capital is still buying BTC at the bottom.
US BTC ETF: net inflow of $767 million.
US ETH ETF: net inflow of $428 million, reaching the highest net inflow in history.
With $400 million flowing in a day, it's no wonder ETH is taking off.
This bull market is no longer driven by the old retail investors in the crypto space,
but by traditional capital from outside the crypto space.
It's significantly different from previous years.
Two new publicly traded companies in the US have started buying BTC:
Marathon Digital purchased another 1,423 BTC in the past 6 hours.
US medical company Semler Scientific also spent $29.3 million to continue buying.
The mayor of Vancouver proposed to include Bitcoin in municipal finances.
The Financial Times in the UK, which has long held a critical view of Bitcoin and cryptocurrencies in general,
began publishing articles yesterday apologizing for its biases.
In contrast, mainland media like Caixin continues to criticize cryptocurrencies even after BTC broke $100,000.
In a bull market, as long as you don't short and don't aggressively trade contracts,
holding means making money.
Finally, there's one last step: escape the top and take profits in time.
The coins you can still buy now: SHIB, STX.
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