奔跑财经-FinaceRun(@FinaceRun)'s insights

🧐During the consolidation period of Bitcoin, mining

奔跑财经-FinaceRun · 2024-12-11T11:10:51.000Z

🧐During the consolidation period of Bitcoin, mining companies and institutions are buying heavily, indicating a price increase? This Monday, the influential Bitcoin mining company MARA Holdings purchased 11,774 Bitcoins at an average price of $96,000 each, totaling a staggering $1.1 billion. On the same day, another Bitcoin mining company listed on the US stock market, Riot Platforms, also announced its financing activities, successfully raising $500 million through the issuance of convertible bonds, planning to use the funds for further Bitcoin purchases. Against this backdrop, discussions have arisen in the market regarding a potential correction in Bitcoin prices. Some voices suggest that Bitcoin prices might pull back to the range of $77,000 to $81,000 to fill the gap in CME futures. Opinions suggest that, although the possibility of such a price correction exists from a technical standpoint, considering the overall situation of the current market, this possibility is not widely favored. This is because the current market's purchasing strength has been very significant. In addition to MARA Holdings and Riot Platforms, several publicly listed companies in the US, including MicroStrategy, are also actively buying Bitcoin. Moreover, one of the world's largest asset management companies, Blackrock, is continuously increasing its Bitcoin holdings through its Bitcoin spot ETF. In summary, as more and more retail investors are attracted to the market, the purchasing power for Bitcoin is steadily increasing. Based on the analysis of these factors, the likelihood of Bitcoin's price dropping significantly from the current level of $97,000 to the range of $77,000 to $81,000 seems relatively low. In view of this, the market generally believes that under such strong purchasing power support, Bitcoin prices are more likely to remain at higher levels rather than experiencing a significant correction. (It may continue to consolidate within this range or break through and challenge the $100,000 mark again) Of course, the market is always filled with uncertainty, but at least for now, market confidence and buying enthusiasm are the key factors supporting Bitcoin prices. #比特币投资 #MARA #Riot #MicroStrateg #贝莱德