During today's midday session, Bitcoin has strongly broken through the $98,800 mark, reaching a nearly three-month high. Behind this celebration of digital gold, three engines are roaring:
🔥 Policy winds are stirring the globe
• The Eastern market is stirring again: The People's Bank of China unexpectedly announced a 'double cut' (reserve requirement ratio and interest rate), injecting trillions into the financial market, causing Bitcoin to soar over 5% in one day, becoming a new safe haven for funds.
• The Federal Reserve's interest rate hike cycle is ending: Powell hinted at imminent rate cuts, the dollar's liquidity gates are about to open, and Bitcoin is dancing in sync with gold, showcasing a 'dual hero' market.
🏦 Capital giants are entering strongly
• Wall Street continues to buy: BlackRock's IBIT Bitcoin ETF attracted over $350 million in a week, with total holdings nearing 600,000 coins, highlighting the increasingly significant support effect from institutional funds.
• Japanese companies are engaging in 'crazy coin hoarding': Tokyo-listed company Metaplanet has rapidly increased its holdings by 555 BTC, with enterprise-level configuration demand surging, triggering a follow-up trend in the Asian market.
📈 Underlying currents are surging on-chain
• Capital reservoir sets a new record: The on-chain capital scale of Bitcoin has surpassed $890 billion, equivalent to Shenzhen's total GDP for the year, with long-term capital accumulation effects becoming evident.
• Retail sentiment has dramatically reversed: over 85% of holding addresses are in profit, and the market has shifted from 'panic selling' to 'holding for gains', with the bull market pattern becoming clearer.
⚠️ The calm before the storm
Current prices have reached the average cost line for short-term holders ($95,000), and the market is like a taut bowstring. The details of the Federal Reserve's policy meetings, sudden changes in the Middle East situation, and other black swan events could trigger a massive shock at any moment.
🎯 Key points of long-short games
Analysts generally believe that once the psychological barrier of 100,000 is broken, it may trigger:
1️⃣ Crazy inflow of leveraged funds
2️⃣ Observing institutions being forced to chase high
3️⃣ Short sellers collectively face liquidation
Technical indicators point to a target range of $115,000 to $156,000, but caution is needed regarding the liquidation risks behind a 300% increase in exchange contract holdings.
【Wise Sayings】
When street aunts start discussing the Bitcoin halving market, it might be the moment for professional investors to reassess risk margins. Remember: in a bull market, living long is more important than making quick profits!
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