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Big Cake hit a new high again, breaking through $94,000, and the high point rose to 94,818.
However, unlike the previous breakthroughs, this rise seems to lack sufficient "firepower", and the trading volume has dropped significantly. This phenomenon has caused some market participants to doubt that the rise of big cake may have encountered a bottleneck, especially in the face of the strong pressure of the 100,000 mark, the market may face greater challenges, worrying about insufficient capital supply, and even some investors began to stop profits in advance and prepare for risk aversion.
However, from a longer-term perspective, I think the rise of big cake is far from over. The first thing that cannot be ignored is the strong support behind big cake. In addition to the active involvement of large institutions such as BlackRock, more and more traditional financial giants have begun to regard big cake as one of the important asset allocations. The participation of these giants means that big cake has strong growth potential and financial support.
In addition, although the current market awareness of big cake is far less than that of gold, its market size is only one-tenth of gold. As more funds enter the market and the general public's understanding of Bitcoin gradually deepens, the future potential is immeasurable.