$BTC btc has sent Christmas gifts. This wave of Christmas rebound has reached nearly $100,000, recovering the losses before the holiday.
Previously, the rise in the Trump market was mainly driven by the influx of American users. Due to the influence of Christmas, Coinbase has seen negative premiums, and the btc spot ETF has also experienced outflows for three consecutive days, indicating a significant decrease in demand from the U.S. market. It seems that American users have withdrawn their funds for the holiday. 😅
Recently, there has been a large outflow of USDT from exchanges, corresponding to over 15,000 btc inflowing to exchanges, which suggests potential sell-offs.
After Christmas comes New Year's Day. During the two major holidays in the West, trading activity on exchanges generally decreases, and liquidity declines. The current sluggish state of the market may persist until early January.
Although retail investors have gone for the holidays, companies have not taken a break. MicroStrategy has recently purchased 5,262 btc at an average price of $106,662, and they currently hold a total of 444,262 btc. Japan's Metaplanet company has also increased its holdings by 620 btc, marking the largest purchase in the history of this company, which claims to be Japan's MicroStrategy. Some listed mining companies are also learning from MicroStrategy by issuing bonds to raise funds while mining btc, instead of selling, they are buying more btc. Generally, institutions tend to have sharper instincts than retail investors and can see further ahead. While retail investors are selling off for the holidays, these companies are still seizing every opportunity to increase their holdings, probably waiting for the inauguration of the new U.S. president, Trump, in less than a month. 😂