On December 13, the total net inflow of Bitcoin spot ETFs was $429 million, marking 12 consecutive days of net inflows. The Bitcoin spot ETF with the highest single-day net inflow on that day was BlackRock ETF IBIT, with a single-day net inflow of $393 million. Currently, the historical total net inflow of IBIT has reached $35.883 billion.

With a large influx of funds, Bitcoin once again refreshed its range high yesterday, reaching $102,600. In previous market conditions, whenever the price of Bitcoin climbed to such heights, it would face significant pullbacks. However, this time Bitcoin was able to stabilize after reaching the corresponding height, unlike in the past where there was a sharp price drop, indeed signaling that the washout is nearing its end.

Stabilization means that the power balance between bulls and bears is changing. The bearish forces, after previous releases, are gradually waning, while bullish forces are starting to gain the upper hand. In the context of reduced market selling pressure and gradually accumulating bullish strength, the price of Bitcoin is expected to break through the current price range and move to a higher position.

December 14

Bitcoin: Wait for a pullback to buy at 100,800-101,300, target 102,500-104,000, stop loss at 100,300.

Ethereum: Wait for a pullback to buy at 3,870-3,900, target 3,950-4,000, stop loss at 3,830.