Will there be new funds entering the market to boost the stock market?
Of course! Here are the latest developments in the Bitcoin market:
1. Spot market: US spot ETFs have a cumulative net inflow of $14.763 billion, and yesterday's net inflow was $143 million, indicating that there are still funds gradually entering the market to buy at the bottom.
2. Futures market: On Deribit, the Bitcoin block options market shows that some people have bought $85,000 call options for the end of March next year. In addition, some well-known investors such as the founder of Dell have also expressed their intention to increase their holdings.
The current cost of miners is between about $48,000 and $52,000, and this price range will provide additional support.
In the long run, the current market decline makes the arrival of a big bull market in the future more certain. Both Bitcoin and Ethereum show signs of severe oversold in technology. From the rebound last night, it can be seen that funds have entered the market to buy at the bottom. Although the amount is not large, if the subsequent funds continue to increase, it may drive the market up again. If Bitcoin can stabilize above $55,000, there will be a chance to test the $60,000 mark. As for Ethereum, it has just broken through $3,000 and is expected to fluctuate and correct repeatedly in this price range until it accumulates enough strength to usher in a greater rise. In addition, whether Ethereum's ETF can be approved is also the focus of market attention.
In summary, there is still a possibility of new funds entering the market, supporting the stock market to continue to rise.
