🔥 Bitcoin is back above 84,000, reaching a one-week high.
A few thoughts:
1. This rally is backed by real money—spot Bitcoin ETFs saw net inflows of $527 million on Monday, the largest single-day inflow since late September. The money is coming back, giving the market more confidence.
2. Policy is also providing a boost: the U.S. OCC has finalized its stablecoin rules, and the GENIUS Act has been enacted. This is a structural positive for public blockchain ecosystems like Ethereum and Solana.
3. But don’t rush to declare the bull market back just yet. Traders at market maker Wintermute say the next hurdle is 87,000. Whether Bitcoin can hold above it will determine if this is a rebound or a reversal. In the short term, further choppy gains seem likely, with support in the 82,400–82,600 range.
The sharp intraday gains in smaller coins like Zcash signal a recovery in risk appetite, but be cautious about chasing prices—don’t catch a falling knife at an emotional high.
#比特币 #加密货币 #ETH
Do you think $BTC can surge straight through 87,000 this time? Share your thoughts in the comments 👇
⚠️ Just my personal opinion. DYOR and be mindful of the risks.
A few thoughts:
1. This rally is backed by real money—spot Bitcoin ETFs saw net inflows of $527 million on Monday, the largest single-day inflow since late September. The money is coming back, giving the market more confidence.
2. Policy is also providing a boost: the U.S. OCC has finalized its stablecoin rules, and the GENIUS Act has been enacted. This is a structural positive for public blockchain ecosystems like Ethereum and Solana.
3. But don’t rush to declare the bull market back just yet. Traders at market maker Wintermute say the next hurdle is 87,000. Whether Bitcoin can hold above it will determine if this is a rebound or a reversal. In the short term, further choppy gains seem likely, with support in the 82,400–82,600 range.
The sharp intraday gains in smaller coins like Zcash signal a recovery in risk appetite, but be cautious about chasing prices—don’t catch a falling knife at an emotional high.
#比特币 #加密货币 #ETH
Do you think $BTC can surge straight through 87,000 this time? Share your thoughts in the comments 👇
⚠️ Just my personal opinion. DYOR and be mindful of the risks.