Recently, there have been 4 positive developments that have driven the rise of Bitcoin and Ethereum.
So, what are the 4 positive developments? Read on!
Positive Development 1: The Trump family is optimistic about the market.
Previously, Trump launched a DeFi project called WLFI, which raised funds through USDC.
A couple of days ago, something happened,
The Trump family exchanged all the USDC raised by WLFI into CBBTC and Ethereum.
What does this indicate?
It indicates that the family with the most insider information is optimistic about the prospects of Bitcoin and Ethereum,
believing that Bitcoin and Ethereum will rise!
As ordinary people, should we trust America's first family,
or the heavily indebted yet stubborn short-sellers?
Positive Development 2: Little inflow of Bitcoin on exchanges.
Over 3000 Bitcoins flowed out of Binance exchange a couple of days ago,
but yesterday there was a slight inflow.
Overall, the net flow in the past two days has been relatively stable, with institutions continuously buying at this level, and some bottom positions taking profits.
Positive Development 3: Large inflow into ETFs.
Although the net flow of Bitcoin ETFs was slightly negative last week,
the Ethereum ETFs saw a significant inflow of funds.
Looking at the entire timeline of Ethereum ETFs,
the previous net flows were negative, with Ethereum ETFs becoming tools for whales to cash out.
However, last week, there wasn't a single day where Ethereum had a negative net flow,
with a net flow of 332 million USD on November 29.
This indicates that the entire market is currently more optimistic about Ethereum.
Positive Development 4: Easing of war conflicts.
In terms of geopolitical issues, the main focus remains on the Israel and Russia-Ukraine conflicts.
Under the auspices of the US and France, Israel and Hezbollah have agreed to a ceasefire.
