Has the Bitcoin price exceeded $80,000, and are investors continuing to accumulate?

Last week, we discussed whether investors would continue to buy up Bitcoin if its price surpassed $80,000. Based on the data at that time, investor interest was still very high.

Of course, this isn't because of any positive fundamentals of BTC itself, but because there were signs of a comprehensive ceasefire between the US and Iran last week, leading some investors to speculate on Bitcoin's upward movement.

Looking at this week, while the BTC price has increased, the 30-day position holdings on exchanges are continuously decreasing, not shrinking in tandem with the price rise.

This data clearly indicates that, at least as of this morning, investors still believe that with the end of the US-Iran conflict and the expectation of the Strait of Hormuz remaining open, Bitcoin's price can continue to rise.

Therefore, even when Bitcoin's price exceeds $80,000, investors are still accumulating BTC.

But it’s important to note that this is not a change in Bitcoin's fundamental narrative, but a consequence of its correlation with the US stock market. Currently, Bitcoin is no different in essence from the BTC that nearly fell below $60,000 over a month ago. #比特币波动 $BTC