Speculations on BTC's Subsequent Trends
Since January 2:
The liquidity in the crypto market has continued to improve, with the supply of USDT and USDC increasing by 1.7 billion;
Bitcoin ETF purchases have strongly recovered, with net inflows for four indicative Bitcoin ETFs—FBTC, ARKB, BITB, and BTC—amounting to $108 million and $650 million respectively over the last two trading days;
US purchases have also seen some recovery, with the Bitcoin discount on Coinbase nearly disappearing.
Due to optimistic expectations surrounding Trump's upcoming inauguration, positive factors have dominated the crypto market recently, making it likely for BTC to continue rising in the short term.
However, since December 31, the trading volume of $BTC has been relatively low, which indicates that current buying power is not strong enough, making a direct and effective breakout above the previous high unlikely.
Therefore, it is highly probable that there will be continued growth in the short term, with a potential pullback around January 20.
