Bitcoin has just closed another record week, with prices briefly dipping to $95,800 before bouncing back above $98,000. Traders are eyeing the elusive $100,000 mark, though opinions differ on its significance. The weekend saw $500 million in cross-crypto liquidations, highlighting the risks in a low-liquidity environment. Meanwhile, Bitcoin ETFs are experiencing record inflows, potentially offsetting sell-side pressure. As Thanksgiving week unfolds, U.S. macroeconomic data could introduce volatility, with traders watching for clues on future Federal Reserve policies. Long-term holders are taking profits, indicating classic bull market behavior.
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