Look at what big capital is doing now, and what you are doing. MicroStrategy bought 5.61 Bitcoin at a price of $106,662. This is either financed borrowing or bought at $106,662, showing how optimistic MicroStrategy is about the future market. Since Trump won the U.S. presidential election on November 5, the price of Bitcoin has continued to rise, achieving the longest seven-week consecutive increase since 2021.
Data shows that U.S. spot Bitcoin ETF products attracted a net inflow of $12.2 billion during this period, while Ethereum ETF products also gained a net inflow of $2.8 billion.
Market participants are full of expectations for Trump's support of digital assets and his commitment to making the U.S. a dominant force in the global crypto industry. This optimistic sentiment is directly reflected in the strong demand from institutional investors for crypto ETF products.
10xResearch posted on platform X indicating that the new Bitcoin trading signal aims to reach $120,000 before Trump's inauguration in January.
Bitcoin's upward momentum is recovering after a brief consolidation. As emphasized last Friday, cryptocurrency exchanges are experiencing large-scale capital outflows, significantly reducing the availability of Bitcoin on trading platforms. Meanwhile, the inventory on over-the-counter trading platforms is also decreasing. These factors collectively indicate that the price of Bitcoin may face upward pressure.
Additionally, a new Bitcoin trading signal has been received; based on the accuracy of the trading model, 10 out of 12 have been successful, making this signal worth serious consideration.
This signal suggests that Bitcoin could surge to $120,000 by January 20, 2025, when Trump takes office.
Despite the three confirmed catalysts in December—MicroStrategy's inclusion in the S&P 100 index, the Federal Reserve's 25 basis point rate cut, and the Financial Accounting Standards Board's accounting rules on fair value reporting for crypto assets—its comprehensive impact is now becoming evident.
It is worth noting that MicroStrategy has not been included in the S&P 500 index but has been included in the Nasdaq 100 index, which may drive increased buying activity this week.
Additionally, the company may issue more convertible bonds to increase its holdings of Bitcoin, making a breakout of Bitcoin very likely this week.
In terms of ETF fund inflows, from December 9 to 13 Eastern Time, Bitcoin spot ETFs had a net inflow of $2.17 billion in a single week, achieving net capital inflow for five consecutive trading days.
Among them, the BlackRock ETF IBIT topped with a net inflow of $1.51 billion, with a total historical net inflow of $35.88 billion; the Fidelity ETF FBTC had a net inflow of $598 million, with a total historical net inflow of $12.31 billion.
In contrast, the Grayscale ETF GBTC saw a net outflow of $221 million last week, with a historical cumulative net outflow of $21.05 billion.
As of now, the total net asset value of Bitcoin spot ETFs is $114.969 billion, accounting for 5.71% of Bitcoin's total market value, with a historical cumulative net inflow of $35.602 billion.
With a few words from Master Bao, Dog Village cleared a batch of high leverage. Currently, there are no practical negative news from either the information or capital front. We must find a bad piece of news, so this week's Christmas can be considered one.
Historically, most Christmas seasons have seen pullbacks, which gives a sense of always dropping during meetings. Generally, when everyone thinks the market will drop, it usually moves in the opposite direction.
We don’t need to judge whether there will be a pullback this Christmas; we just need to anticipate the market trends after Christmas, in January, and in the first half of 2025.
This is just like the U.S. elections in November; those who waited for the election results before taking action ended up missing out, and it was too late to regret.
Do not attempt to judge short-term trends; even deities cannot do it, so why do you think you can?
Bitcoin is up 50%, and Ethereum is up 100%; this is almost without suspense. If you hold coins, just wait. Making money is this simple and boring.
Stimulating actions are unsustainable and unprofitable; for good targets, there’s no need to hesitate. Once it starts to rise and go crazy, you won't be able to catch up.
More important than the price of Bitcoin is the current stage it is in. It is impossible for you to just buy and see it rise continuously. Being trapped in a bull market for two months is a hundred times better than missing out.
Wise as a fool, in the financial market, be a simple 'fool', trading time for space; the market will not treat you poorly.
