Let's talk about the news. First of all, the institutional leader MicroStrategy has started buying again, acquiring 5,262 BTC for approximately $561 million. The MicroStrategy shareholders' meeting also reiterated the $42 billion Bitcoin investment plan, which has brought significant confidence to the market. Therefore, it's only a matter of time before Bitcoin returns to $100,000. One should cherish this rare opportunity to buy at the bottom. It can be seen that a pattern composed of the government, ETFs, listed companies, and large holders has formed. Institutional investors are usually long-term holders and do not trade frequently.
This hoarding behavior reduces the circulating supply in the market, which will support Bitcoin's long-term price.
Although this round of Bitcoin has not successfully broken through $110,000, the overall direction has been determined. Large funds have not taken much action in the past two days; while there may not be a significant rise, a drastic fall is also unlikely. If the U.S. market shifts excessively to expectations of Trump’s return after Christmas, then Bitcoin and altcoins may experience a correlated movement, with altcoins rising first, followed by Bitcoin pushing towards $110,000 or even $120,000, and then returning to altcoins for further upward movement. If this trend occurs, I personally believe that the market will accelerate into an altcoin bull run in January next year.
