[Bulls aim for $100,000, is Bitcoin entering an acceleration phase?]
BTC surged strongly to $93,756, skyrocketing 6.33% within 24 hours, open interest in options reached a monthly high, and market bullish sentiment is heating up again!
Data highlights:
• The ratio of call options to put options reached 1.7:1, indicating that major players are crazily positioning for an upward direction
• Futures + options open interest surged by $4.6 billion, capital confidence skyrocketed
• Net outflow from exchanges reached -9.1K BTC, spot buying pressure is obviously strong
But don't forget -
The funding rate on the exchange (a certain platform) has turned negative to -0.006, which usually indicates the possibility of short positions being 'squeezed', meaning a 'short squeeze' market may break out!
Short-term holders have regained profitability, sentiment is stable. Once there is no selling pressure, $96,000 is just a warm-up, while $100,000 is the new battlefield!
Central viewpoint:
The current trend of BTC is a combination of 'bullish drive + unsuccessful short rebound'. If funds continue to flow in and market confidence does not collapse, then the $100,000 threshold is not a dream.
But do not overlook the risk of short-term volatility - if short-term funds fear high sell-off, it may first retrace to $87,000 for a washout!
Advice: Recognize the situation, follow the trend, control the position. Maintaining the rhythm is victory!
