#Bitcoin has staged a remarkable recovery, surging back above $100K & hitting a new high. All eyes are now on US #inauguration2025.
Last week BTC saw an 18% trough-to-peak recovery, after Short-Term Holders formed a solid foundation after Bitcoin dipped. The rally was driven by US-based spot buying, signalling strong institutional demand. Spot bids may now need time to replenish before the next leg up.
This could lead to some potential market weakness and 'sell-the-news' trading, but the longer-term outlook is still positive.
Will $BTC go higher or will traders ‘sell the news’?
Find out what’s driving markets in Bitfinex Alpha 🧵
<https://t.co/5TfYK2VUey>
Last week BTC saw an 18% trough-to-peak recovery, after Short-Term Holders formed a solid foundation after Bitcoin dipped. The rally was driven by US-based spot buying, signalling strong institutional demand. Spot bids may now need time to replenish before the next leg up.
This could lead to some potential market weakness and 'sell-the-news' trading, but the longer-term outlook is still positive.
Will $BTC go higher or will traders ‘sell the news’?
Find out what’s driving markets in Bitfinex Alpha 🧵
<https://t.co/5TfYK2VUey>