📊 Bitcoin Nears $88K: Caution Short-Term, Conviction Long-Term
Bitcoin is hovering near $88,000 as year-end approaches, with the market showing mixed signals.
🔍 What’s Happening
• On-chain data points to demand fatigue after heavy ETF inflows, election optimism, and corporate buying.
• Spot Bitcoin ETFs have sold ~24,000 BTC this quarter, adding short-term pressure.
• Despite this, BTC appears undervalued vs global money supply, a divergence last seen near 2018 bear-market lows.
📉 Near-Term View
Some analysts warn of a possible pullback toward $70K–$75K if momentum continues to cool.
Profit-taking and year-end risk management are weighing on price.
📈 Long-Term Outlook
Structural bullish drivers remain intact:
✔ ETF adoption
✔ Institutional participation
✔ Expanding global liquidity
Many forecasts still point to new all-time highs in 2026.
💬 Do you see Bitcoin cooling off to $70K first, or is this just a pause before the next leg higher?
