bluegreen1352
New member
Currently, there is no indication in the market that the price of BTC has reached its peak, so there is a high probability that it will not continue to decline.
There are some signs in the market that suggest it has not peaked yet:
Since the start of this trend, the total market value of stablecoins has been steadily increasing, rising by nearly $5 billion. This indicates that the market is experiencing relatively healthy growth.
During this trend, there has been a significant amount of sidelined capital, with many funds waiting for a major pullback to enter the market at lower prices. This implies that if Bitcoin does undergo a substantial correction, those funds are likely to re-enter the market.
The primary driving force behind this trend is the expectation of an approved ETF, and the decision on the ETF approval is still almost a month away. In other words, market expectations are likely still in place.
There are some signs in the market that suggest it has not peaked yet:
Since the start of this trend, the total market value of stablecoins has been steadily increasing, rising by nearly $5 billion. This indicates that the market is experiencing relatively healthy growth.
During this trend, there has been a significant amount of sidelined capital, with many funds waiting for a major pullback to enter the market at lower prices. This implies that if Bitcoin does undergo a substantial correction, those funds are likely to re-enter the market.
The primary driving force behind this trend is the expectation of an approved ETF, and the decision on the ETF approval is still almost a month away. In other words, market expectations are likely still in place.
