A new round of BTC surge is about to come!
Although BTC has shown a relatively weak trend in the short term, this has not affected the daily inflow of funds into US ETFs at all.
In recent weeks, MicroStrategy, Riot Platforms, and MARA have been actively purchasing Bitcoin.
From December 2 to December 8, MicroStrategy purchased 21,550 Bitcoins at an average price of $98,783 per Bitcoin, with a total value of up to $2.1 billion.
Meanwhile, miner Riot Platforms raised $500 million through debt, primarily to acquire Bitcoin.
MARA has also significantly increased its Bitcoin holdings, adding 11,774 Bitcoins to its balance sheet during the same period.
In stark contrast to the concerns of retail traders, Bitcoin “whales” (large holders) and institutional investors remain optimistic about BTC's future prospects, as evidenced by the inflow of funds into ETFs, which fundamentally will not change due to short-term price adjustments.
Additionally, from a price trend perspective, whenever the price of Bitcoin approaches below $95,000, it quickly rebounds.
Just like last night's market, the price remains above $95,000. Therefore, there is no need to overly worry about the risk of a significant drop in Bitcoin.
The current bull market structure still exists, and every drop in this bull market is actually to build up strength for a stronger rise later.