Opportunity comes again.
Riding the wave of Trump's victory, speculative funds are pouring into relevant concept stocks. Bitcoin has risen all the way to $63,000 on July 15th, and the price has approached $65,000 today, with a weekly increase of over 14%. It is considered the best 'Trump concept stock'. The previously bearish analysis community has also turned to the previous pessimistic expectations, believing that the downward trend of Bitcoin has come to an end.
According to the on-chain analysis platform CryptoQuant, this rise is driven by US institutional investors and large-scale purchases. It is pointed out that the premium of Coinbase is expanding, because the US whales who previously sold are now buying, and US investors are showing strong buying pressure recently. Investors are returning to the cryptocurrency market, resulting in a strong price rebound. It is expected that more funds will flow into Bitcoin ETFs in the future.
According to the on-chain analysis platform CryptoQuant, this rise is driven by US institutional investors and large-scale purchases. It is pointed out that the premium of Coinbase is expanding, because the US whales who previously sold are now buying, and US investors are showing strong buying pressure recently. Investors are returning to the cryptocurrency market, resulting in a strong price rebound. It is expected that more funds will flow into Bitcoin ETFs in the future.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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102131911 : Hi. May I know what is "Kamikawa election"?
Sorry for my ignorance.
Jackfly66 OP 102131911 : Run for Trump election...