The crazy bull market has officially begun, but most of the time we only notice the rise in Bitcoin prices, but what is behind it? How much is the amount of capital entering the market? Which institutions have been buying and buying!!!
Today we will analyze how big funds affect the entire Bitcoin bull market through the inflow of USDT and the amount of funds that institutions purchase BTC?
What is USDT? And what is the additional issuance data?
The official website of Usdt is: https://tether.to/en/. This is the real official website. The others are fake. Don’t believe them easily. If you make a mistake, your usdt may be lost.
This is the proof of reserves for USDT and its circulation on various chains. From the latest published data, the reserves for USDT are quite sufficient, and the risk control of the reserved assets is also considerably good. Current data shows that the risk of a major default within 5 years is less than 1% because its profitability is adequate.
A crazy bull market is starting.
The market cap of stablecoins has increased by over 7 billion USD.
I. In the past 30 days, the total market value of stablecoins has increased by over 7 billion USD: In the last 30 days, the total market value of USDT has increased by 3 billion USD, and USDC has also increased by 3 billion USD in the same period. The rise of these two stablecoins indicates a significant influx of off-market funds.
II. Trump elected + interest rate cuts:
As I mentioned in previous articles, the biggest favorable factor in November is definitely: Trump's election + a 25 basis point interest rate cut on November 8. The increase in the market value of USDT and stablecoins also started to surge in November, and as for how much it will increase by the end of the month, it is highly likely to see another increase of 3 billion USD, which will also drive another wave of market movement!
The model predicts an average value of 500,000 USD!!
And not to let you sell at 500,000 USD?
Many people have been saying that the price of Bitcoin BTC will reach 500,000 USD each. Here, I will explain to you this relatively authoritative and accurate prediction model from the United States, and I have also translated the original text from Twitter into Chinese. The original text states: This round of BTC's price will fluctuate widely in the range of 250,000 to 1,000,000 USD.
According to the stock-to-flow model, the predicted average price of BTC is: 500,000 USD. This model started making S2F predictions in 2017 and gained recognition during the peak prediction analysis of the last bull market in 2021.
Due to the large number of tweets, I only took a rough look at the articles from 2020 and 2021. Overall, the analysis is relatively logical and evidence-based. However, everyone should be more rational here. My personal opinion is that around 250,000 USD, I would consider selling my BTC, while also referencing the overall market data and on-chain data.
BlackRock's Bitcoin ETF assets under management have officially surpassed the scale of gold ETFs.
When will BTC's market value surpass that of gold?
On November 8, Nate Geraci, president of The ETF Store, stated on Twitter that BlackRock's Bitcoin exchange-traded fund iShares Bitcoin ETF (IBIT) has surpassed its gold exchange-traded fund iShares Gold ETF (IAU) in assets, achieving this in just 10 months, while IAU has been around for over 20 years since its launch in January 2005.
As of today, November 11, BlackRock's total market value for its Bitcoin ETF has reached 34.354 billion USD. As the world's largest asset management institution, to be honest, the price of BTC in this round will largely depend on its sentiments.
Actually, here we also need to pay attention to a key piece of data:
More than 900 institutions globally have applied for gold ETFs.
The number of institutions applying for Bitcoin's spot ETF has exceeded 1,200.
Simply from the depth and quantity of institutional involvement, it has already crushed the ETF application institutions for gold, indicating that more institutions are optimistic about Bitcoin's spot ETF. If Bitcoin's futures ETF starts trading next, it will only be a matter of time before Bitcoin's market value surpasses gold, ranking as the largest safe-haven asset in the world.
Here you just need to trust the world's largest asset management institution; its decisions are surely correct! The rest is just to hold onto your chips and not to easily exit.
Previous high-quality content:
Key point: Why do institutions predict that the future price of BTC will break through 1,000,000 USDT each?
1. Trump elected, and my BTC can finally sell for over 250,000 USD!!!
2. Bro, if you hesitate even to buy BTC, then please stay away from the crypto space!
3. In this bull market, I only want to earn a tenfold return. How should I operate? Come, let me teach you!
4. Are you lacking profitable opportunities in the cryptocurrency space? No, absolutely not! What you lack is an excellent guide.
5. What has been the trend of BTC before and after the Federal Reserve's interest rate cuts in the past ten years? [Was the net inflow of over 11 billion USDT into exchanges in the past month a bottom-fishing opportunity?]
6. With the dual benefits of the election and interest rate cuts, will BTC see over 80,000 USDT in November?
7. A black swan in global finance, more than 320,000 people in the crypto space have been liquidated today, with liquidation scale exceeding 1.2 billion USDT!
8. The shoe has dropped, and the crazy bull market has officially begun! == Latest content for November
9. The next best asset for global circulation — BTC.
10. Which public chain is the future performance champion?
