Today is December 24th, BTC price is 87,000


1. BTC has been weaker than expected, and short-term trends have changed somewhat, possibly leading to another small dip (see the video for details)
2. BTC underperformed gold, US stocks, and the A-shares market, becoming the worst-performing investment this year. I personally think the main reason is the large-scale withdrawal of risk capital. Due to changes in the macro environment, precious metals and tech stocks have become safer and more clearly defined targets, plus Japan's interest rate hike has intensified the liquidation of leveraged speculative funds. Once floating capital is eliminated, holding long-term positions is conducive to a trend rebound. Be patient and wait.
3. Spot market issues are not significant; BlackRock's BTC cost basis is around 90,000, and institutions like Tom Lee have an average ETH holding price above 3,000.
BTC0,73%
ETH-0,35%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)