🚨 Trump supports, is the Bitcoin market welcoming a new wave of optimism?
Overview of recent Bitcoin market trends:
Price trend:
• Short-term rise: Bitcoin price broke through $98,000 on December 24, reaching a high of $99,487; on December 26, it stood at $99,022.
• High volatility: Recently, Bitcoin prices have fluctuated significantly, with a sharp drop followed by a rebound from December 18 to 20.
Market participant behavior:
• Accumulation addresses increased: As of December 23, Bitcoin accumulation addresses added 225,280 BTC this month, an increase of 82.6%.
• Whale addresses reduced holdings: Whale addresses holding over 1,000 BTC reduced their holdings by nearly 8,600 BTC this month.
• High holdings among short-term holders: Short-term holders' holdings are close to historical peaks, reaching 3.81 million.
Market liquidity changes:
• Seller liquidity decreased: Total seller liquidity decreased by approximately 590,000 BTC, with a sharp drop of 520,000 BTC from December 22 to 23.
• OTC supply decreased: Over-the-counter trading supply dropped to 403,000 BTC, with the liquidity inventory ratio falling to 5.5 months.
Market sentiment and expectations:
• Optimism prevails: The rise in Bitcoin prices has triggered market optimism, and investors are focusing on future trends. However, analysts warn to remain vigilant about risks.
• Influenced by policy expectations: Trump has promised to become the "crypto president," leading to positive expectations for Bitcoin, with some U.S. states considering establishing Bitcoin strategic reserves.
Musk-themed dog pp, Ethereum chain, 16,000+ holding addresses! Bull market must have some positioning!
