Breaking news! Bitcoin plunges below $95,000! 160,000 people are liquidated!
In the evening, Bitcoin fell again.
Bitcoin fell below $95,000
Previously, boosted by the prospect of more friendly cryptocurrency regulation by US President-elect Trump, Bitcoin had hit $100,000.
However, as enthusiasm receded, Bitcoin became more volatile and has recently fallen below $95,000. Under the violent fluctuations, Coinglass data showed that more than 160,000 people in virtual currencies had their positions liquidated in the past 24 hours.
Bitcoin has been in adjustment recently, which has also led to differences in the market about the future trend of Bitcoin.
Zaye Capital Markets analyst Naim Aslam said in a report that concerns about Bitcoin's consolidation linger, which may cause Bitcoin to fall further before a rebound.
According to reports, long-term Bitcoin holders are gradually reducing their balances and currently hold 12.45 million Bitcoins, the lowest level since July 2022.
However, the view that Bitcoin will have a positive future trend is still the mainstream.
Yao Shangkun, chairman of Guoxiong Capital Co., Ltd., believes that the Fed's policy adjustments and market liquidity expectations drive risk asset preferences. The scarcity of Bitcoin supply strengthens price increases. The halving mechanism is triggered every four years. The fourth halving was completed in April. Bitcoin spot ETFs lower the investment threshold and attract capital inflows. The US Bitcoin spot ETF has become an important channel for capital inflows, and international institutions hoard coins. Bitcoin prices are bullish, and may reach $125,000 per coin by the end of the year and $200,000 per coin by 2025. There is uncertainty in price trends, which are affected by investor sentiment and policy changes.
In fact, some data also support the view that Bitcoin is optimistic. On December 3, BlackRock IBIT's asset management scale exceeded 500,000 bitcoins (about $48 billion) on Monday, less than a year after the fund began trading on January 11.
According to the latest fund disclosure, as of November 29, BlackRock's Bitcoin ETF has accumulated 496,854 bitcoins. According to K33 data, the fund received a net inflow of $338.3 million (about 3,526 bitcoins) yesterday, bringing it past the milestone to 500,380 bitcoins, or 2.5% of the total bitcoin supply (21 million).38%。
