The continuous new highs of Bitcoin inevitably stir the hearts of both new and old investors in the market. Many people ask Uncle Pear what to do in the current market; today, I will briefly share my thoughts. First, I have relatively high confidence in the current market.
Bitcoin breaks through 79,000 USDT, currently at 79,100.00 USDT, with a daily increase of 3.18%.
Bitcoin approaches $80,000, and futures premiums surge.
Bitcoin's price broke through $79,000 during the Asian trading session, with a sharp rise in futures premiums, reflecting strong market expectations for future increases.
The annualized premium for Bitcoin futures has first broken through 14%, showing bullish sentiment.
Currently, the support amount in the stablecoin market exceeds 176 billion dollars, and this influx of funds into the cryptocurrency market can create significant developmental momentum.
When this liquidity flows into Bitcoin and other assets, it acts like a catalyst pouring oil on a fire; historically, similar events have triggered massive bull markets.
Stablecoins are indicators of the market's 'fuel' reserves. With Tether and other stablecoins nearing historical highs, there is a lot of 'fuel' in the tank.
If Tether's 60-day market cap change slows, the 'fuel' supply hasn't decreased; on the contrary, it is waiting for the right moment to push the market forward.
This influx not only affects Bitcoin. With stablecoins becoming prevalent across the cryptocurrency space, they provide liquidity to assets with low supply, exerting upward pressure on prices.
Whether it's Bitcoin, Ethereum, or altcoins, when this capital flows in, it can catalyze a widespread market surge.
Over the past six months, we have endured rising CPI, changing expectations for interest rate cuts, compensation from Mentougou, the German government selling bonds, the U.S. Bitcoin repositioning, continuous declines in altcoins, Ethereum ETF falling short of expectations, on-chain liquidations, U.S. stock market recession trades, Bitcoin draining liquidity, crypto nihilism, and ghost chains.
Now we welcome the expectation of interest rate cuts, officially starting the rate-cutting cycle, basically achieving a soft landing. Bitcoin ETF buying is ramping up, Trump is back in power, Americans are locking in Bitcoin for four years, the SEC is about to change, altcoins are hitting bottom, and blockchain infrastructure is basically complete with significantly reduced costs.
The half-year adjustment and oscillation have digested the gains and the negative news, while positive news is accumulating. Various altcoins are on the brink of takeoff; everyone must hold onto their chips tightly and not let them fly away.
