@yuno0x
Bitcoin's price recently surged to 106K🔥
Looking at the main factors behind this rebound, the biggest catalyst appears to be the possibility of the U.S. government shutdown being lifted.
Past examples, such as the 300% rise in $BTC over five months following the end of the 2019 shutdown, seem to be fueling even higher expectations.
Additionally, the proposal for a $2,000 tariff dividend announced via Truth Social in the U.S. appears to have boosted market expectations for additional liquidity.
On-chain indicators are also showing positive signals.
Trading volume has increased by about 20% compared to last week, reaching $82B.
However, ETF funds are currently experiencing outflows.
While the overall market sentiment remains optimistic, it would be great if the broader market recovers soon and an altcoin rally begins.
@iccm.eth
1 reply
0 recast
3 reactions