As for the market行情 of the overall market, I still feel a bit confused. My confusion mainly lies in whether we can confirm that a bull market has already arrived. In my personal view, and after综合 analysis, at the moment we do not have the factors for a bull market breakout. However, Bitcoin is indeed constantly hovering around 82K, which is also a turning point in this round of the market.
The reason Bitcoin has been rising in this wave is mainly:
1. Liquidations of shorts are the core fuel: Within 24 hours, about $238 million worth of short positions were forcibly liquidated. The resulting short squeeze created a forced buying demand, pushing the price higher in a cascading effect.
2. Positive regulatory catalyst: The SEC introduced “innovation exemptions,” allowing regulated platforms to trade tokenized U.S. stocks. The CFTC also loosened restrictions and submitted new rule proposals, helping reverse pessimistic sentiment.
3. ETF fund inflows returning: After a period of consecutive outflows, spot Bitcoin ETFs saw net inflows of about $592 million over two days. Spot support was provided by firms such as BlackRock’s IBIT.
My personal expectation is that Bitcoin may move further down to around 72K, or even as low as around 67K, and then form another second dip and accumulation phase; after that, the price would likely rally again, which would better align with long-term value investing.
I wonder what everyone thinks about the current market situation?
$BTC
The reason Bitcoin has been rising in this wave is mainly:
1. Liquidations of shorts are the core fuel: Within 24 hours, about $238 million worth of short positions were forcibly liquidated. The resulting short squeeze created a forced buying demand, pushing the price higher in a cascading effect.
2. Positive regulatory catalyst: The SEC introduced “innovation exemptions,” allowing regulated platforms to trade tokenized U.S. stocks. The CFTC also loosened restrictions and submitted new rule proposals, helping reverse pessimistic sentiment.
3. ETF fund inflows returning: After a period of consecutive outflows, spot Bitcoin ETFs saw net inflows of about $592 million over two days. Spot support was provided by firms such as BlackRock’s IBIT.
My personal expectation is that Bitcoin may move further down to around 72K, or even as low as around 67K, and then form another second dip and accumulation phase; after that, the price would likely rally again, which would better align with long-term value investing.
I wonder what everyone thinks about the current market situation?
$BTC
