#BTC走势

Price Fluctuations After Surge: This week, Bitcoin's price has been highly volatile. After a 7% drop early on Friday, it regained momentum and broke through the $100,000 mark again in the early hours of December 20th Beijing time, recovering most of the losses since the sharp drop after reaching a new high. However, another significant drop occurred on the 20th.

Cautious Attitude Among Investors: There have been consecutive large net outflows from Bitcoin spot ETFs, and investors' cautious stance has significantly increased, although some funds have been attracted back in.

Factors Influencing Price Trends

Policy and Regulatory Factors: The International Monetary Fund approved a $1.4 billion extended fund loan for El Salvador but restricted its public sector's participation in Bitcoin-related economic activities, as well as trading and purchasing Bitcoin, which has had a certain impact on Bitcoin. Additionally, changes in policies and regulations regarding cryptocurrencies in various countries directly affect Bitcoin's price. For instance, a shift in the U.S. government's and regulatory agencies' attitudes has had a positive impact on the cryptocurrency market, but there remains uncertainty regarding Bitcoin's regulatory policies.

Macroeconomic Factors: The U.S. inflation rate is expected to drop to 2% in 2024, which could be beneficial for Bitcoin's price. Uncertainty in the global economic situation often increases demand for safe assets like Bitcoin, but changes in the economic landscape may also alter investors' risk preferences, thereby affecting Bitcoin's price.

Market Sentiment Factors: Market sentiment is greatly influenced by Bitcoin's significant price fluctuations, with noticeable volatility in investor sentiment. On one hand, the substantial volatility in Bitcoin's price has led to a more cautious attitude among some investors; on the other hand, its price increase has attracted attention from some investors. The CMC Cryptocurrency Fear and Greed Index once reached 83, indicating an extreme greed phase, reflecting investors' optimistic expectations for Bitcoin's future performance, but this sentiment can change at any moment. $BTC