Mark Moss cites Bitcoin’s average gain of about 53% in the 12 months following the past three U.S. midterm elections as a bullish case; on the Cointelegraph podcast, he said now is “the best buying opportunity in history” and that Bitcoin will reach a new all-time high in 2027.
The market has told a different story: $BTC briefly rose above $80,000 after the election, fell to $74,762 last Friday—its lowest level since August—and dipped further to around $73,500 on Sunday. During election week, U.S. spot Bitcoin ETFs saw net inflows of about $75 million on Wednesday, followed by net outflows of $430 million on Thursday. He interpreted the fact that prices did not plunge after the $6.3 billion Binance hack as a sign that selling pressure had dried up.
Three data points are not enough to support a “average” of 53%, and his own $1 million target won’t be reached until 2030, or 2032 at the latest. The next thing to watch is whether ETF flows turn positive for several days in a row.
#比特币 #ETF fund flows
The market has told a different story: $BTC briefly rose above $80,000 after the election, fell to $74,762 last Friday—its lowest level since August—and dipped further to around $73,500 on Sunday. During election week, U.S. spot Bitcoin ETFs saw net inflows of about $75 million on Wednesday, followed by net outflows of $430 million on Thursday. He interpreted the fact that prices did not plunge after the $6.3 billion Binance hack as a sign that selling pressure had dried up.
Three data points are not enough to support a “average” of 53%, and his own $1 million target won’t be reached until 2030, or 2032 at the latest. The next thing to watch is whether ETF flows turn positive for several days in a row.
#比特币 #ETF fund flows