$TRUMP 1. U.S. stocks continue to rise, with the Nasdaq closing up 2.74%. $BTC faces a pressure level of 95,000, struggling to break through, with a noticeable decrease in large buy orders.
Above, the area between 94,000 and 95,000 is a dense zone for short liquidations, while below, between 91,000 and 93,000 is a dense zone for long liquidations, oscillating in this range in the short term.
The capital source for this rise mainly comes from net inflows into spot ETFs and new investment institutions entering the market.
Spot ETFs have seen a net inflow of 10,000 coins for two consecutive days, and the pace has now slowed down.
2. The crypto market has seen another institution mimicking MicroStrategy, preparing to continue purchasing Bitcoin.
The son of U.S. Commerce Secretary Howard Lutnick is collaborating with SoftBank, Tether, and Bitfinex to create a Bitcoin acquisition tool worth several billion dollars.
Among them, Tether is contributing 1.5 billion dollars worth of Bitcoin, while SoftBank and Bitfinex will contribute 900 million and 600 million dollars worth of digital currency, respectively.
Many high-ranking officials appointed by the Trump administration are investors in cryptocurrencies, and their relatives are thinking of ways to leverage their power to profit from the crypto market.