# 比特币价格

#比特币价格 Bernstein's report has several data points worth following. Bitcoin pulled back 30% but ETF outflows were less than 5%, which indicates that institutional funds are indeed positioning themselves against the trend, and the narrative of retail investors' panic has been contradicted by the data.
I am cautious about the judgment that the four-year cycle has been broken, but the logic of an extended bull market cycle is valid — factors such as ample institutional liquidity, a shift in policy expectations, and support from mining costs all point in this direction. The key question is

#比特币价格 Seeing the actions of this round of Strategy, buying 10,624 Bitcoins for 962.7 million dollars at an average price of 90,615 dollars, what flashed through my mind were still the memories of those years.
The madness of 2017, the despair of 2018, the institutional entry in 2020... Now it's already 2025, looking back at the changes along this timeline is really interesting. Who would have thought back then that institutions would persistently buy Bitcoin like this? Strategy holds 660,624 coins at a cost of $74,696, behind this number are countless judgments and adjustments.
History al

#比特币价格 Looking at this analysis, I need to calmly pour some cold water. Bitcoin has pulled back from the peak of 80,000 in October to around 94,000 now, the 200-day moving average has turned positive, and the short-term bullish momentum has resumed – sounds great, but I have learned a lesson in practical experience over the years: attractive technicals often deceive the most.
The key issue is clearly stated in the data from glassnode — spot trading volume is declining, open interest is also decreasing, and options are hedging downward risks. What does this indicate? It indicates that although

#比特币价格 After looking at the recent data, I have some thoughts to share. In this year's 7 FOMC meetings, Bitcoin only rose once, while the rest were all falls—this statistic is worth pondering.
Many people have overlooked a reality amidst the rising expectations: the market has long finished pricing in the story of the Federal Reserve's interest rate cuts. When the good news is fully priced in, it is easier to see a "sell the news" situation occur. This is not a complicated logic; it is just another manifestation of human nature in asset prices.
Recently, Bitcoin has stabilized around

#比特币价格 Recently, I saw the prediction data on Polymarket regarding Bitcoin reaching one hundred thousand dollars fluctuating, rising from 30% to 40%, which reflects the ongoing speculation of market participants about the future.
Instead of getting entangled in short-term probability numbers, it’s better to think from a different perspective—Bitcoin has already proven its value storage attribute as a digital asset since its inception. Every price fluctuation is essentially the market repricing risks and opportunities.
The significance of these probability prediction tools lies in their abilit

#比特币价格 After seeing Bernstein's analysis report, I'm a bit confused 😅, breaking the 4-year cycle, extended bull run, $200,000 in 2027... these concepts piled together feel like a lot of information 🤯
However, I noticed a detail—the report stated that even if Bitcoin pulled back by 30%, the funds flowing out through ETFs were still less than 5%. Doesn't this suggest that institutional money is continuously buying in? It seems to contrast with the panic selling of retail investors?
What impressed me the most is the target price of 1 million dollars by 2033😳. Although the time spa

#比特币价格 The expectation of Bitcoin reaching $100,000 is fluctuating, falling from 30% to 40%. The market sentiment has been quite interesting these past few days. It indicates that everyone’s expectations for a year-end surge are being adjusted. This kind of probability oscillation actually reflects the current dilemma in the crypto world—there are still optimistic voices, but the courage to invest real money is clearly lacking.
Interestingly, the probability of falling below 80,000 has decreased from 34% to 24%, which indicates that the consensus at the bottom is actually strengthening. Inste

#比特币价格 The fluctuations in the market test one's mindset the most. James Wynn is warning about a bloodbath in the market again, and this signal is worth noting — although his previous predictions have indeed deviated, it's still important to heed risk warnings.
Bitcoin is bound to experience short-term fluctuations at this position. Instead of being flustered by the market, it’s better to take this time window to focus on actual profits. True yield farmers do not just pay attention to coin prices, because the interaction opportunities of new projects will not stop due to market fluctu

#比特币价格 James Wynn has started warning again, this time saying that encryption and the stock market are doomed, and emphasizing wealth preservation 🤐 But do you all remember? He previously predicted that Bitcoin would fall to 67,000, and what happened? It's almost at 100,000 now 😂 This guy's prediction accuracy is really ridiculous, one moment saying it will rebound to 103,000, and the next saying it will bottom out at 46,000, very inconsistent. However, to be fair, the market is indeed wobbling at the top, so being cautious doesn't hurt, but don't let these fluctuating argum

#比特币价格 Rebound to $94,000 and still selling? That's interesting.
Looking at the data from Bitfinex, the demand on the spot market has clearly shifted — traders are no longer taking the opportunity to build positions, but instead are selling at high prices. The continuous outflow of Bitcoin ETFs in the US and the negative cumulative trading volume difference on major trading platforms indicate what? It indicates that smart money in the market is quietly exiting. Compared to the wave of fluctuations at the beginning of 2022, over 700,000 BTC are in unrealized losses, and this signal cannot