After the victory of Trump, the “coin ancestor”, the arrival of the bull market has become a foregone conclusion, but the rise of BTC still exceeded the expectations of many people.

It is worth lamenting that the bulls are too strong. Bitcoin has been rising straight up since it reached $82,000 last night (11). It once broke through the $89,000 mark this morning (12), setting a new record. It has just hit the $90,000 mark again, reaching a high of $89,940, and is likely to continue to hit the $90,000 mark.

At the time of writing, Bitcoin has retreated from its highs and is now trading at $89,000. The total market capitalization of cryptocurrencies has surpassed $3.1 trillion for the first time since November 2021 (the peak of the last bull run).

As Bitcoin surged to 89,000, market sentiment became increasingly contradictory. Bitcoin holders and memes continued to rise, and market optimism was once boiling. However, we still have to remind everyone that there are hidden risks behind the carnival!

What factors drove the early morning surge?

MicroStrategy is helping

Many analysts attribute part of the rapid rise of Bitcoin today to MicroStrategy's promotion. On the evening of November 11, MicroStrategy announced that it had increased its holdings of 27,200 Bitcoins between October 31 and November 10, worth approximately US$2.03 billion.

ETF trading volume continues to hit new highs

Since the election, spot cryptocurrency ETFs have seen a surge in inflows.

As Bitcoin soared above $88,000 for the first time, BlackRock's spot Bitcoin ETF also set a new daily trading volume record. Bloomberg data showed that BlackRock's spot Bitcoin ETF had a daily trading volume of $4.5 billion.

ETF inflows are seen as the main driver of Bitcoin's gains.

The regulatory storm may subside

With Trump's victory, he is expected to be friendly to cryptocurrencies. The SEC's strict regulation of cryptocurrencies may see a turnaround, and foreign media reported that Trump is considering finding a group of "candidates friendly to the crypto industry" to serve as financial regulatory officials.

Simply put, as Trump's party is about to seize control of the House of Representatives after controlling the Senate, the crypto industry will usher in a more friendly regulatory environment. Overnight, the market has changed from an objectively oppressive regulatory system to an overly friendly regulatory system. This is also the main reason for its market rise.

Rate cuts

The interest rate cut means that the United States will release more liquidity to risky markets, which will theoretically lead to an increase in asset classes such as stocks and fiat currencies of other countries. Bitcoin, which has the highest risk and relatively small market value, will also benefit from this.

In short, after dawn, history will come!

In addition to the surge, be wary of callbacks

Although this may be a topic that most people are reluctant to face, we must have the necessary risk planning. Although there will be trolls who criticize me, didn't they say that the price would fall back to 80,000, why is it 90,000 today? I still hold the same view, it is fine to sell while the price is rising, and it is also fine to reduce or sell when chasing high. There are thousands of different faces. If you feel that the bull market has come, just hold on.

Because the secondary market is slowly creating wealth at the moment, but as long as you bought the copycat stocks in March, many people have not yet recovered their investment in spot trading. They have been scared by the big bitcoin price and think that there will be a correction. At this point, they dare not add positions for fear of being trapped, nor do they dare to reduce positions for fear of missing out, and they dare not go long or short.

At this position, we can only say that we should control our own positions and don’t use Fomo. Even if there is a pullback, it is reasonable. Try not to touch contracts and leverage. Just hold the spot. If you reach your profit rate expectations and change some positions, the coins will definitely rise in turn!

This is what a bull market is like. It is not a one-sided rise all the way! Keep your mindset right! Those who are short or missed out on opportunities will also have opportunities to get on board. Don't panic or have FOMO.

In terms of cottage:

Most of the copycat stocks are pulled up in these two stages:

1. Bitcoin’s rising relay.

2. The big cake is being distributed.

Many of the current copycat products are just following the general price increase of the big cake, and it can’t be called the copycat season yet.

Furthermore, Bitcoin is now in a unilateral rise at the daily level, and it is the first daily K-level rise after breaking through the new high. Simply put, at this point in time, there is ample room for copycats.

If we have to say when the copycat season will begin, perhaps, combined with the expectation of further interest rate cuts by the Federal Reserve, and if macro conditions remain favorable, a large amount of new liquidity will flow into the market, and it is expected that the copycat season will begin, resulting in a new round of growth that will last for a period of time.

However, in this cycle, altcoins have flourished, and too many altcoins have been born, which is obviously oversupply. Even if we will usher in a new round of altcoin season, it is highly unlikely that there will be a full-scale altcoin season like the last round of bull market. In other words, there may only be a small number of altcoins that will have a relatively large growth opportunity.

So if the market pulls back this time, which coins are worth buying at the bottom?

Buy a faucet, buy a faucet, buy a faucet!

This round of funds is too dispersed. Unless you have great advantages in information and technology, the smart money will just buy the leading companies.

When the price drops, the leading currency drops less than other currencies in the market, and when the price rises, it takes the lead.

If the market value of the leader continues to rise, the upper limit of imagination space for other targets will also be increased.

Meme The recent Buff King DOGE.

The mainstream mainstay meme of this round of Eth is PEPE.

Art concept leader Ban.

Linea faucet FOXY.

MOODENG Hippo, the leader in internet celebrity concepts.

The other meme FLOKI WIF mentioned above is slightly better than BONK.