Look at what big capital is doing now; what are you doing? MicroStrategy has bought $5.61 million worth of Bitcoin again at a price of $106,662.
Is this financed borrowing or purchased at $106,662? This shows how optimistic MicroStrategy is about the future market.
Since Trump won the US presidential election on November 5, the price of Bitcoin has continued to rise, setting the longest seven-week consecutive increase record since 2021.
Data shows that US spot Bitcoin ETF products attracted a net inflow of $12.2 billion during this period, while Ethereum ETF products also received a net inflow of $2.8 billion.
Market participants are full of expectations for Trump's support of digital assets and his commitment to making the US a dominant force in the global crypto industry. This optimism is directly reflected in the strong demand from institutional investors for crypto ETF products.
10xResearch published on platform X, stating that the new Bitcoin trading signal target is to reach $120,000 before Trump's inauguration in January.
The upward momentum of Bitcoin is recovering after a brief consolidation. As emphasized last Friday, cryptocurrency exchanges are experiencing massive capital outflows, significantly reducing the availability of Bitcoin on trading platforms. Meanwhile, the inventory on over-the-counter trading platforms is also decreasing. These factors collectively indicate that the price of Bitcoin may be under pressure.
In addition, a new Bitcoin trading signal has been received, with 10 out of 12 based on trading model accuracy being successful. This signal is worth serious consideration.
This signal indicates that by January 20, 2025, when Trump is inaugurated, Bitcoin could soar to $120,000.
Despite the three catalysts confirmed in December—MicroStrategy being included in the S&P 100 index, the Federal Reserve cutting interest rates by 25 basis points, and the Financial Accounting Standards Board's accounting rules for fair value reporting of crypto assets—its overall impact is now emerging.
It is worth noting that MicroStrategy was not included in the S&P 500 index but was included in the Nasdaq 100 index, which may drive increased buying activity this week.
Additionally, the company may issue more convertible bonds to expand its Bitcoin holdings, which makes a breakthrough in Bitcoin highly likely this week.
Regarding ETF fund inflows, from December 9 to 13 Eastern Time, Bitcoin spot ETF saw a weekly net inflow of $2.17 billion, achieving net inflows for five consecutive trading days.
Among them, BlackRock ETF IBIT leads with a net inflow of $1.51 billion, with a historical total net inflow of $35.88 billion; Fidelity ETF FBTC has a net inflow of $598 million, with a historical total net inflow of $12.31 billion.
In contrast, Grayscale ETF GBTC saw a net outflow of $221 million last week, with a historical cumulative net outflow of $21.05 billion.
As of now, the total net asset value of spot Bitcoin ETFs is $114.969 billion, accounting for 5.71% of the total market value of Bitcoin, with a historical cumulative net inflow of $35.602 billion.
The market makers used a few words from Bao Shifu to clean up a batch of high leverage. Currently, there are no substantial bearish factors from the news or funds. You have to find a bad piece of news, so let's count this week's Christmas as one.
Historically, most Christmases have seen corrections, which somewhat implies that there is a tendency to drop at meetings. Usually, when everyone thinks it will drop, the market tends to move in the opposite direction.
We do not need to judge whether there will be a correction this Christmas; we only need to predict the market conditions after Christmas, in January, and in the first half of 2025.
This is similar to the US election in November; waiting for the election results to come out and then acting resulted in missing out, regretting it too late.
Do not attempt to judge short-term market conditions; even gods cannot accomplish such things. Why do you think you can?
Bitcoin is up 50%, and Ethereum is up 100%. This is almost without suspense; if you have the coins, just wait. Making money is this simple and boring.
Stimulating actions are unsustainable and unprofitable; for good targets, there is no need to hesitate. When it rises and goes crazy, you won't be able to catch up.
What is more important than the price of Bitcoin is the current stage. You cannot expect it to rise continuously right after you buy. Being stuck in a bull market for two months is a hundred times better than missing out.
Wisdom appears foolish; in the financial market, be a simple 'fool' and exchange time for space. The market will not treat you poorly.