Good morning, brothers! The new year brings new prospects. The New Year's holiday has just passed, and BTC can't wait to sound the horn for a counterattack. Did you understand this wave of operations?
If BTC can stabilize above 97,000 USD, then it is basically secure, and there is a high probability it can rise 4% within a week, returning to the 100,000 mark. You should know that 100,000 USD is a psychological milestone; once it breaks through, confidence will soar, and when the news reports it, altcoins will definitely surge along with it.
On the ETF front, there was a net outflow for five consecutive days, but starting yesterday, there was an inflow of 80 million USD. Although BlackRock's data has not been disclosed yet, this is still a good sign.
On-chain data is even more interesting. In the past few days, BTC outflows from exchanges have decreased, with the current stock being 20,000 less than before the big drop in mid-December. This means that during the big drop and correction period, significant funds bought over 20,000 BTC at the bottom. The cost of BTC for 60-day purchasers has further increased, exceeding 95,000 USD.
So, the rebound has just begun. Everyone, please don't panic; patiently holding onto your coins is the way to go.
To summarize, this wave of operations by BTC is indeed eye-opening, and both the ETF and on-chain data are giving us confidence. Everyone should trust their judgment and hold patiently. After watching the video, what do you think about BTC's future? Feel free to share your thoughts in the comments.