Last adjustment before Bitcoin hits a new historical high? The wind direction of the bull run has quietly changed!
#BTC即将创新高吗? Crypto Trend Assessment Bitcoin is hovering around the $70,000 mark, not yet breaking through its historical high, but the flow of funds reveals that significant changes are happening within the market. On-chain data shows that large BTC wallets continue to accumulate, while the issuance of stablecoins is increasing, indicating a growing willingness of institutions to enter the market. Additionally, the continuous net inflow of funds into Bitcoin ETFs for 7 days has provided strong support for price stabilization. More importantly, unlike the previous bull run, the current BTC trend is more "steady", driven by institutional buying from ETFs rather than retail sentiment. Therefore, the high-level sideways consolidation may be building momentum for a significant upward movement ahead. On a technical level, if BTC can break through 72,000 with volume, it may directly open up upward space, challenging 80,000 or even higher levels. In the short term, attention should be paid to macro data and the impact of CPI, maintaining a cautiously optimistic attitude.
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Last adjustment before Bitcoin hits a new historical high? The wind direction of the bull run has quietly changed!
#BTC即将创新高吗? Crypto Trend Assessment
Bitcoin is hovering around the $70,000 mark, not yet breaking through its historical high, but the flow of funds reveals that significant changes are happening within the market.
On-chain data shows that large BTC wallets continue to accumulate, while the issuance of stablecoins is increasing, indicating a growing willingness of institutions to enter the market. Additionally, the continuous net inflow of funds into Bitcoin ETFs for 7 days has provided strong support for price stabilization.
More importantly, unlike the previous bull run, the current BTC trend is more "steady", driven by institutional buying from ETFs rather than retail sentiment. Therefore, the high-level sideways consolidation may be building momentum for a significant upward movement ahead.
On a technical level, if BTC can break through 72,000 with volume, it may directly open up upward space, challenging 80,000 or even higher levels. In the short term, attention should be paid to macro data and the impact of CPI, maintaining a cautiously optimistic attitude.