The fluctuations in the coin circle in recent days have been truly dizzying.
The Microsoft shareholder meeting mentioned earlier voted against the investment proposal for Bitcoin, and coupled with Google's announcement of the quantum chip Willow, these news have brought significant impact to the market. A large amount of leverage was forcibly liquidated, and health has returned to normal. However, the net inflow of the Bitcoin ETF remains strong. Last night, the US November CPI data came out, which was similar to expectations, and the funding rate also dropped directly to 0, allowing Bitcoin to surge back above 100,000 USD.
Currently, altcoins are facing continuous unlocks from VC institutions, stagnation in ecology, and large market capitalization issues that have not yet been resolved. This rebound driven by leveraged funds comes quickly and leaves quickly.
Where is the market headed next?
Let’s talk about the results first. The subsequent market trend is firmly bullish, and the market is currently very healthy.
1. Currently, MSTR and MARA continue to purchase coins in bulk at a cost of over 90,000, providing strong support for BTC prices, expected to last at least until the new government takes office at the end of January.
At the end of October, a total of 21 billion USD stock financing was announced, using 2 billion per week, with 9 billion USD remaining. According to the usage speed of 2 billion USD per week, it is expected to last for 4-5 weeks. The balance of stock ATM financing will be exhausted just in time to support the new government taking office on January 20.
2. Recent sharp leverage liquidations have restored a healthy market state.
On December 6 at 6:28 AM, Bitcoin spiked to around 90,500, and leveraged positions were liquidated at around 102,000. On December 10 at 5:10 AM, Bitcoin spiked to around 94,000, liquidating altcoin leverage. Now the market has recovered from a frenzy to a healthy state, with the funding rate for going long on Bitcoin dropping from over 100% to about 10%, and health has returned to normal.
Moreover, the net inflow of the Bitcoin ETF continues to maintain inflow. Last night, the November CPI announced in the US also met expectations, and the funding rate was directly lowered to 0. The vehicle is lighter, and the market can be pulled well.
What else is worth paying attention to recently?
This week is crucial at the macroeconomic level. Last night, the CPI was announced, and tonight at 9:30, the PPI will be released.
Last night, the US November CPI announced also met expectations. Currently, inflation is anticipated to rise. Even if inflation data slightly increases, it will not affect the Federal Reserve's predetermined path of rate cuts in December. The probability of the Federal Reserve cutting rates by 25 basis points next week has risen to over 96%. Currently, it seems that the rate cut in December is basically secure, but tonight's PPI data still needs to be monitored.
A continuous decline for 72 hours is also rare in history, so the possibility of a short-term rebound remains high. Just like a bowstring being pulled tightly, a strong rebound force is bound to follow.
In the coming month, there are both positive and negative factors, including whether MSTR will be included in QQQ, the FASB coming into effect, the Federal Reserve's interest rate meeting, the Japanese interest rate meeting, and Christmas, etc.
In January 2025, Trump will take office. News emerged yesterday that Trump hopes to push BTC to 150,000 USD during his early tenure, so can ETH take altcoins along for a ride?
In addition to the expectations of policy easing being beneficial, the negative aspects to pay attention to include interest rate cuts and economic conditions. However, the next interest rate meeting is on January 29, and the official appointment is on January 20.
After the recent sharp decline, the market has gradually recovered some. The previous rapid increases that did not decline much are all hanging order opportunities.
How to operate at this stage?
Although various coins are flying in the bull market, you need to know that without a suitable plan, it is easier to lose money in a bull market than in a bear market. If you want to earn more, I will tell you what to do!
First: Establish your own position management plan and strictly execute it.
Second: Both entering and exiting positions should be based on your own trading system.
Third: The tokens you buy should have your own research or be based on reliable in-depth research articles.
Fourth: Investment often requires having your own expectations, knowing what you want. For example, if I want a 25-fold return this round, then when the time comes and it seems like it will continue to rise, I should take most of the profits first and let the remaining profits run!
Fifth: Regardless of whether you are trading contracts or using leverage, technology is one aspect, but it is more important to know where your risks lie. Don't focus only on profits. Therefore, do less contract trading.
In summary, to perform well in trading and make a lot of money, you must have a reasonable position management plan and a strict trading system. Only then is it possible to make a profit.
The fluctuations in the coin circle in recent days have been truly dizzying.
The Microsoft shareholder meeting mentioned earlier voted against the investment proposal for Bitcoin, and coupled with Google's announcement of the quantum chip Willow, these news have brought significant impact to the market. A large amount of leverage was forcibly liquidated, and health has returned to normal. However, the net inflow of the Bitcoin ETF remains strong. Last night, the US November CPI data came out, which was similar to expectations, and the funding rate also dropped directly to 0, allowing Bitcoin to surge back above 100,000 USD.
Currently, altcoins are facing continuous unlocks from VC institutions, stagnation in ecology, and large market capitalization issues that have not yet been resolved. This rebound driven by leveraged funds comes quickly and leaves quickly.
Where is the market headed next?
Let’s talk about the results first. The subsequent market trend is firmly bullish, and the market is currently very healthy.
1. Currently, MSTR and MARA continue to purchase coins in bulk at a cost of over 90,000, providing strong support for BTC prices, expected to last at least until the new government takes office at the end of January.
At the end of October, a total of 21 billion USD stock financing was announced, using 2 billion per week, with 9 billion USD remaining. According to the usage speed of 2 billion USD per week, it is expected to last for 4-5 weeks. The balance of stock ATM financing will be exhausted just in time to support the new government taking office on January 20.
2. Recent sharp leverage liquidations have restored a healthy market state.
On December 6 at 6:28 AM, Bitcoin spiked to around 90,500, and leveraged positions were liquidated at around 102,000. On December 10 at 5:10 AM, Bitcoin spiked to around 94,000, liquidating altcoin leverage. Now the market has recovered from a frenzy to a healthy state, with the funding rate for going long on Bitcoin dropping from over 100% to about 10%, and health has returned to normal.
Moreover, the net inflow of the Bitcoin ETF continues to maintain inflow. Last night, the November CPI announced in the US also met expectations, and the funding rate was directly lowered to 0. The vehicle is lighter, and the market can be pulled well.
What else is worth paying attention to recently?
This week is crucial at the macroeconomic level. Last night, the CPI was announced, and tonight at 9:30, the PPI will be released.
Last night, the US November CPI announced also met expectations. Currently, inflation is anticipated to rise. Even if inflation data slightly increases, it will not affect the Federal Reserve's predetermined path of rate cuts in December. The probability of the Federal Reserve cutting rates by 25 basis points next week has risen to over 96%. Currently, it seems that the rate cut in December is basically secure, but tonight's PPI data still needs to be monitored.
A continuous decline for 72 hours is also rare in history, so the possibility of a short-term rebound remains high. Just like a bowstring being pulled tightly, a strong rebound force is bound to follow.
In the coming month, there are both positive and negative factors, including whether MSTR will be included in QQQ, the FASB coming into effect, the Federal Reserve's interest rate meeting, the Japanese interest rate meeting, and Christmas, etc.
In January 2025, Trump will take office. News emerged yesterday that Trump hopes to push BTC to 150,000 USD during his early tenure, so can ETH take altcoins along for a ride?
In addition to the expectations of policy easing being beneficial, the negative aspects to pay attention to include interest rate cuts and economic conditions. However, the next interest rate meeting is on January 29, and the official appointment is on January 20.
After the recent sharp decline, the market has gradually recovered some. The previous rapid increases that did not decline much are all hanging order opportunities.
How to operate at this stage?
Although various coins are flying in the bull market, you need to know that without a suitable plan, it is easier to lose money in a bull market than in a bear market. If you want to earn more, I will tell you what to do!
First: Establish your own position management plan and strictly execute it.
Second: Both entering and exiting positions should be based on your own trading system.
Third: The tokens you buy should have your own research or be based on reliable in-depth research articles.
Fourth: Investment often requires having your own expectations, knowing what you want. For example, if I want a 25-fold return this round, then when the time comes and it seems like it will continue to rise, I should take most of the profits first and let the remaining profits run!
Fifth: Regardless of whether you are trading contracts or using leverage, technology is one aspect, but it is more important to know where your risks lie. Don't focus only on profits. Therefore, do less contract trading.
In summary, to perform well in trading and make a lot of money, you must have a reasonable position management plan and a strict trading system. Only then is it possible to make a profit.