Many fans are asking where the future direction of Bitcoin is?
Answer: The future market is firmly bullish, and the current market is very healthy.
(1) The continuous bulk purchases of coins by MSTR and MARA at a cost above 90,000 form 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, they announced a total stock financing of up to $21 billion, with a usage rate of $2 billion per week. Currently, there are about $9 billion left, which is expected to support the market for another 4 to 5 weeks, just enough to last until January 20 when the new government takes office.
Will such a financing plan bring new variables to the market? Keep an eye on the follow-up developments; the market is unpredictable, and you don't want to miss it!
(2) Recently, two drastic leverage liquidations have restored a healthy state to the market.
On December 6 at 6:28 AM, Bitcoin briefly spiked to around $90,500, followed by liquidations of leveraged positions chasing highs around $102,000; and on December 10 at 5:10 AM, BTC again spiked to around $94,000, with altcoin leverage also facing liquidation.
Now, the market has returned to a healthy state from its frenzy, and the funding rate for long positions in Bitcoin has rapidly dropped from over 100% to around 10%, indicating that market sentiment is gradually cooling. The next wave of movements for Bitcoin is worth watching!
Image
(3) Alipay's homepage recommends cryptocurrency!
Shocking! Alipay's homepage in mainland China has recommended cryptocurrency for the first time! This fund is named Huabao Overseas Technology C (QDII-FOF-LOF). Though there is a limit, with a maximum investment of 1,000 yuan per day, the investment targets include Coinbase stocks and Bitcoin ETFs, a rare opportunity not to be missed!
