Hey guys, Bitcoin lately can only be described as strangely calm! Just when we thought it was out of options, it slowly climbs up, exactly the style of 'slow but steady'.
That orange price line over there, just take a look. At the beginning of October, there was a terrifying drop to around 90K dollars, thought it was all over. But just a few days later, it bounced back up to around 110K dollars. Truly the resilience of the king of coins.
But it's not always smooth sailing, you know. The end of November and the beginning of December were quite tough. It kept fading away, then those big red columns of funding rate appeared again, pushing the price down to as low as 80K dollars. Those days, I bet the 'shorts' were really happy, while the 'longs' were a bit scared.
However, after the sharp drop in mid-December, the price has started to move up again. The green funding columns have also appeared again, indicating that market sentiment is gradually stabilizing. Let's just stay calm and watch, guys. What’s the rush in this market? Just take it slow and wait for the right moment. It’s BTC, as long as it's there, there’s hope!
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