After three dips following the earlier high of 104,000 at #BTC重返10万 $BTC , the retracement was limited, and two days later, sell orders were engulfed (of course, some were) short positions being closed.
We can observe a key point: the borrowing rate of funds has significantly decreased, and the interest rate for USDT's spot lending has rapidly declined, indicating one thing: leverage utilization has decreased, the vehicle is lighter, which is a good thing.
Currently, the psychological support is between 97,000 and 100,000, with previous buy orders accumulating support around 920,000, so not much capital is needed to lift the index.
Let's wait and see if there will be a Christmas gift market.
