The recent rise in Bitcoin is mainly due to MicroStrategy's stock entering the Nasdaq 100 index, and their CEO Michael Saylor announcing a significant increase in Bitcoin holdings. MicroStrategy spent $1.5 billion yesterday to buy 15,350 BTC at an average price of $100,386.

Therefore, in the short term, this rise in Bitcoin is primarily driven by MicroStrategy, and this momentum may not last long. Without new buying and FOMO (Fear of Missing Out) sentiment, there may be a demand for a market pullback in the short term. Especially with the impact of the Federal Reserve's interest rate meeting and the Christmas market, investors may have a risk-averse sentiment, and market liquidity may decrease.

Currently, it seems that the Federal Reserve is almost certain to cut interest rates by 25 basis points again in December, but this does not mean that the market will continue to rise after the rate cut. The Federal Reserve's expectations for rate cuts in 2025 may lead the market to be less optimistic about future trends. #BTC持续刷新高点 #BTC再创新高 #比特币冲向11万？