Bitcoin's fundamentals are strong; don't be fooled by short-term fluctuations.

【CryptoWorld】Bitcoin has fallen nearly 10% this year, but the co-founder of this company doesn't think the fundamentals are problematic. On the contrary, he believes the current fundamentals are the strongest in history. How so? Large-scale institutional investors entering the market and the successive launch of spot ETFs are clear evidence.

Interestingly, about 85% of Bitcoin in the market is still held by early adopters, whose identities are unknown and movements unpredictable. But this is not the main reason for short-term price fluctuations. What truly stirs the price? Leveraged derivatives and trader sentiment. A group of people using leverage to manipulate the futures market has a much greater impact than spot demand.

So why is the price still falling? Don't blame the fundamentals. The real culprit is global liquidity. When money is tight, the entire market shrinks. This is a macroeconomic issue, not a problem with Bitcoin itself.

Even more interesting is a rumor: several major US banks may start directly buying Bitcoin and offering custody services as early as the first half of next year, or even issuing Bitcoin-backed loans. Once this happens, the price could stabilize in the range of $143,000 to $170,000. The situation will be completely different then.

BTC1.91%
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