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美國投資者正在戰略性地利用比特幣價格的微小波動,最近在Coinbase上的重大交易證明了這一點。共計提取了19,487個比特幣,平均成本爲每個比特幣96,043美元,總額約爲18.7億美元。這些鉅額資金的流動凸顯了機構投資者對比特幣的強勁和持續的興趣。在現貨比特幣ETF獲得批准之後,機構需求激增。隨着零售投資者預計也會跟進,比特幣在不久的將來有望超過100,000美元的標誌。
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Retail investor demand for Bitcoin has surged to its highest level since 2020, indicating a renewed interest in the cryptocurrency. This increased participation from retail investors is contributing to the current strong demand, even as long-term holders begin to take profits. Historically, heightened retail activity can signal a local market top, but it also underscores a growing engagement that, when combined with institutional interest, can sustain positive momentum. As Bitcoin enters a sideways phase, retail demand may decline, but a breakthrough past the $100k mark could reignite interest and potentially lead to a euphoric market phase. Monitoring the balance between retail and institutional activities will be key, as retail enthusiasm often signals optimism, while institutional involvement supports long-term growth.
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The year 2024 has marked a pivotal shift in the cryptocurrency industry, characterized by a notable increase in institutional participation. Exchanges have reported significant rises in average Bitcoin and USDT deposits, with Bitcoin deposits increasing from 0.36 BTC in 2023 to 1.65 BTC, and USDT deposits surging from $19.6k to $230k. This trend underscores a growing interest from professional and corporate investors, distinguishing institutional activity from retail trading. Binance has emerged as a leader in this institutional growth, reporting the largest increase in average Bitcoin deposits among major exchanges. The platform's institutional business expanded by 40%, with average daily Bitcoin deposits rising by 2.77 BTC. In USDT, Binance and Bitfinex recorded substantial gains, with Binance's total USDT reserves reaching an all-time high of $23 billion. These developments highlight a surge in institutional funds, reflecting increased confidence in the cryptocurrency sector. Improved regulatory clarity, robust infrastructure, and enhanced risk management frameworks have further solidified crypto's role as a maturing financial asset class.
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The recent appearance of a golden cross in the SOPR Ratio indicator, a rare event exclusive to bull markets, signals a potential strong rise in the crypto market. This is the second such signal in the current upward cycle that began in January 2023. Historically, such signals precede significant market increases within two months. As the cycle progresses, we anticipate larger rises with shorter adjustment periods. Should this trend continue, a steep rise could occur by late 2024 to early 2025, potentially attracting new investments and driving the market to new heights.
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Ethereum has experienced a remarkable surge of over 140% since the November U.S. presidential election, although it has not yet surpassed its all-time high from March 2024. Institutional capital inflows into Ethereum ETFs have notably increased, with trading volumes rising by approximately 300% compared to September and October. The formation of a rising wedge pattern in November suggests that a significant price fluctuation may be imminent. Continued institutional support for ETF inflows could propel Ethereum past its previous ATH, mirroring Bitcoin's recent trajectory.
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Binance's ERC-20 stablecoin reserves have experienced a remarkable recovery, climbing from $7 billion in 2023 to an unprecedented $28 billion in 2024, marking a 300% increase. This surge underscores Binance's pivotal role as the largest crypto exchange, acting as a key liquidity hub for stablecoin transactions, storage, and trading. The rising reserves reflect renewed market confidence, heightened trading activity, and increased staking. This trend signals a bullish outlook for the crypto market and reaffirms Binance's position as a trusted entity within the blockchain ecosystem.
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