MicroStrategy purchased another 5.61 Bitcoin at a price of $106,662. It is unclear whether this was financed or purchased at $106,662, which shows how optimistic MicroStrategy is about the future market. Since Trump won the U.S. presidential election on November 5, the price of Bitcoin has been rising continuously, setting a record for 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 received a net inflow of $2.8 billion.
Bitcoin's rally is recovering after a brief consolidation. As emphasized last Friday, cryptocurrency exchanges are experiencing massive 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 together indicate that Bitcoin's price may be under pressure.
In addition, a new Bitcoin trading signal has been received, with 10 out of 12 successful based on the accuracy of the trading model; this signal is worth serious consideration.
This signal indicates that by January 20, 2025, when Trump is inaugurated, Bitcoin could soar to $120,000.
In terms of ETF fund inflows, from December 9 to 13 Eastern Time, the Bitcoin spot ETF had a net inflow of $2.17 billion in a single week, achieving net inflows for five consecutive trading days.
Among them, BlackRock's ETF IBIT leads with a net inflow of $1.51 billion, with a historical total net inflow of $35.88 billion; Fidelity's ETF FBTC had a net inflow of $598 million, with a historical total net inflow of $12.31 billion.
In contrast, the grayscale ETF GBTC had a net outflow of $221 million last week, with a historical cumulative net outflow of $21.05 billion.
Historically, most Christmases have seen pullbacks, which carries a somewhat 'inevitable drop' feeling. Typically, when everyone thinks the market will drop, it usually moves in the opposite direction.
We don't need to determine 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. election in November; waiting for the election results before taking action leads to missed opportunities, and regretting it later.
Recently, I plan to stake a potential coin that is ready for a big surge, doubling it is quite simple. At the same time, I'm also looking for some potential coins to hold until the end of the year, expecting a space of more than 10 times is not a problem. If you want to follow my insights, leave a message, follow, and like, Gold. Skirt.
