12.7 Accurate Market Analysis
Good morning, brothers, ETH has once again broken through $4000.
Let's start with the data and see the current situation
Total market capitalization of stablecoins has increased by 0.7% compared to the previous day, indicating that the market continues to push forward
Bitcoin balance on exchanges has decreased by 0.3% compared to the previous day, indicating that large capital is still bottom fishing BTC
US BTC ETF: Net inflow of $767 million
US ETH ETF: Net inflow of $428 million, reaching the highest historical net inflow
$400 million coming in a day, no wonder ETH is about to soar
This bull market is no longer driven by veteran players in the crypto space
But rather by traditional funds from outside the crypto sphere
There is a significant difference from previous years
The US has added two publicly listed companies purchasing BTC:
Marathon Digital has purchased another 1423 BTC in the past 6 hours
US medical company Semler Scientific has also spent $29.3 million continuing to buy
The mayor of Vancouver has proposed to include Bitcoin in municipal finance
The Financial Times in the UK, which has long held a critical attitude towards Bitcoin and cryptocurrencies as a whole,
Yesterday began publishing articles apologizing, saying it had too many biases
In contrast, media outlets in mainland China, such as Caixin, continue to criticize cryptocurrencies after BTC broke through $100,000
In a bull market, as long as you don't short and don't aggressively trade contracts
Holding is just making money
Finally, one more step: you need to take profits in time to avoid the peak
Coins that can still be entered now: SHIB, STX
