$BTC Yesterday's drop was the largest since mid-October. BTC fell below the first support level of $97,000 and once fell to the level of $92,000. After clearing a large amount of leverage, it has now returned to the $97,000 area.
Against this background, BTC spot ETFs also ended 15 days of continuous inflows and saw large outflows.
Market sentiment was high after Trump's victory, and both Bitcoin and altcoins rose for nearly a month. There are more pins in the bull market, and proper clearing of leverage is conducive to the continuation of the bull market. 😄
Bitwise's chief investment officer said that the US dollar does not need to collapse for BTC to rise to $200,000 because BTC has too many advantages. In the past two months, we have seen the US dollar index and BTC rise simultaneously. Surrounding Trump's election as US President, the resignation of the current US SEC Chairman, and the huge inflow of funds into BTC spot ETFs, next year will see a more extraordinary situation.
Another hot topic yesterday was that BlackRock proposed in a promotional video that if the market reaches a consensus, can it break the upper limit of 21 million to issue more BTC? This topic immediately caused an uproar in the market. In fact, this topic has been mentioned many times before, and this time it can cause an uproar completely under the deliberate guidance of certain institutions. Dog dealers hope to shake the confidence of retail investors through such news to suppress the price so as to collect BTC at a lower cost. Just laugh it off and ignore it. 🥱
Yesterday, the altcoin market also suffered a more tragic decline than BTC. Most altcoins have no value and are far inferior to BTC in the long run. The most dazzling moment of a bull market is the last year of the bull market (25 years of this round), and it is also the only time that can outperform the growth of BTC. This is the last time to get rid of people before the crazy bull market next year, and it is also the last time to get on the bus. If you want to play altcoins, now is also the best + last time to get on the bus. Restrain your panic and boldly buy at the bottom when the market plummets. Wealth is waiting for you at the end of next year. 🤑
