Bitcoin (BTC) $94,029.6 market expected at the end of the year christmas rally It was disappointing. Mt. goxThe $49.3 million Bitcoin sale from . dropped the price to $92,500. This represents a 14 percent decline from last week’s all-time high. However, the market recovered somewhat after this decline and the price reached the level of 95 thousand dollars again. Reduced liquidity as the end of the year approaches and a third consecutive day of outflows from spot Bitcoin ETFs further softens market sentiment.
MicroStrategy’s Acquisition Strategy Raises Tough Questions
MicroStrategyannounced that it continues its Bitcoin accumulation policy. The company announced that it bought $561 million worth of Bitcoin at an average price of $106,662. This marks the company’s seventh consecutive week of buying Bitcoin. However, this purchase amount is at the lowest level compared to recent weeks. This calls into question MicroStrategy’s willingness to buy more Bitcoin at current price levels.
Despite the sales wave options marketsThere has been no major movement in . short term volatility rates remained stable and the market remained generally calm. The market looks set for volatility ahead of the big option expiration date on Friday. Vol flies levels, which show volatility differences, are at +2.0. This indicates that the market is still not balanced.
Bitcoin Attracts Attention with Its 24/7 Trading Advantage
In traditional markets, shortened hours or closures are common at the end of the year. However, the fact that the Bitcoin market is open 24 hours a day, 7 days a week provides a high response capability to extraordinary events. For example, Bitcoin/KRW parity is the President of South Korea. Yoon Suk YeolIt reflected the market’s reaction to ‘s declaration of martial law. This situation once again brought up the role of cryptocurrencies in political and economic events.
In the week leading up to the year-end holiday, Bitcoin is at a point where attention should be paid to sudden price movements. Experts warn that there is a high probability that possible price gaps will be filled due to the lack of liquidity in the market. cryptocurrency marketInvestors who follow the market closely should take such fluctuations into consideration.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
