What's going on with BTC recently? Understanding these can help you seize opportunities!
In the past few days, BTC has been quite turbulent! First, on the 25th and 28th, Bitcoin ETF saw two consecutive inflows of 380 million USD, causing an immediate price crash, but the bulls quickly pulled it back up to the original price level. Now, the 95,500 USD mark is particularly difficult to break through, with a lot of people waiting to sell coins at a high price here.
From the data, it appears that bulls have been consistently buying in the futures market, and the bears have been forced to "recognize losses and cut their positions," pushing the price higher. Following this trend, if the bulls continue to exert force, it's very likely that they will directly break through 95,500 USD, and even rise above 96,000 USD, conveniently digesting the 1 billion USD worth of airdrop coins waiting to be sold in the market.


