BTC breaks through the $99000 mark

According to AICoin monitoring, over the past four trading days, funds from the US spot BTC ETF have continued to flow out, reaching $1.51 billion. During this period, the largest outflow was from FBTC, with a total of 510 million US dollars; Next is ARKB, with an inflow of $286 million. According to AICoin's "Spot BTC ETF Tracking" real-time trading strategy, there is a significant positive correlation between ETF fund inflows and BTC prices. Subscription indicators can be used to automatically place orders based on fund flows. Data for reference only

Last night, the main force laid out ahead of schedule and put up a huge sell order wall before BTC peaked. According to statistics, above $97000, the main force sold $749 million, with a total transaction volume of $605 million and a net sale of $245 million. At present, BTC is fluctuating within the moving average and chip peak range of $97445~$98541, and attention should be paid to breaking levels. BTC rebound signal: 1. Main selling: bullish before closing; 2. Stand firm at the peak of chips (point: $93931): support remains unbroken, price rebounds; 3. Main bullish trend: increased holdings and lower LSUR. The data is sourced from PRO member signals, for reference only, and does not constitute any investment advice!

Odaily Planet Daily News: Cryptocurrency research company K33 pointed out that Bitcoin has been fluctuating since breaking the $100000 milestone earlier this month. But based on historical data, Bitcoin may reach a historic high around mid January next year. Vetle Lunde, head of research at K33, stated that based on data from the past three cycles, the average duration of Bitcoin's journey from its first historical high to its last historical high in each cycle was 318 days. Due to Bitcoin hitting its first historical high on March 5th in the current cycle, if the average duration of previous cycles repeats, investors may see Bitcoin reach a new high for this cycle on January 17, 2025. Lunde wrote in a recent report: "Trump's election was a catalyst for the strong market rally in the fourth quarter, and considering that the political process may take time to materialize, Trump's inauguration ceremony will be a natural end to this momentum." (Morningstar)

Thanks to Trump's re-election as president and the growing demand for digital asset funds and derivative contracts in the United States, the focus of the cryptocurrency market has returned to the United States. Kaiko's data shows that the proportion of daily Bitcoin transactions denominated in US dollars during US time slots has risen from 40% in 2021 to approximately 53%. The data also shows that the depth of the cryptocurrency market - the ability to withstand relatively large orders without causing excessive impact on prices - has recovered to pre FTX crisis levels, compensating for most of the 'Alameda Gap'. CF Benchmarks product manager Thomas Erd ö si pointed out that the increasing involvement of institutions has shifted the "liquidity dominance" to the United States. (Bloomberg)

Odaily Planet Daily News: According to Artemis' data, the Solana network processed 72.8 million transactions on December 23, far exceeding the total of other major blockchains and setting a new historical high.