Ki Young Ju: Bitcoin market faces strong selling pressure

The spot gold price has risen by more than 1% and is now reported at $4478.92 per ounce.

现货黄金日内涨幅达 1.00%，现报 4478.61 美元/盎司。

According to BSCN, Peter Schiff stated that Tether's market value will surpass Ethereum in the future and ultimately surpass Bitcoin. He believes that the expanded application of stablecoins in payments, transaction settlements, and digital dollar circulation may drive faster growth in USDT demand than volatile assets such as Bitcoin. Schiff insists that Bitcoin lacks intrinsic value, while stablecoins have a clearer purpose. He also mentioned that Bitcoin has recently gained short-term support around $61000, while BTC has rebounded from its low point to over $2000, indicating buying power in the region.

According to Hyperinsight monitoring, "Big Brother Ma Ji" Huang Licheng has increased his position by 25 times ETH in the past hour, doubling the size to 4000 ETH, with a total value of approximately $725 million and an average entry price of $1812.

According to AiCoin monitoring, over the past four trading days, funds from the US spot BTC ETF have continued to flow out, reaching $1.525 billion. During this period, the largest outflow was from IBIT, with a total of 1.239 billion US dollars; Next is FBTC, with an inflow of 169 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only