#打榜优质内容 The market situation today remains sluggish, with the price of Bitcoin struggling to reclaim the previous high point of over $100,000. The market is dominated by bearish sentiment, as Bitcoin has failed several attempts to break through in the past week. Judging from the activity in various communities, it may currently be at a freezing point, with most market participants taking a wait-and-see approach. On the news front, the positive aspect is that the US Bitcoin exchange-traded fund (ETF) saw net inflows on the second day after Christmas, December 26, preventing a total outflow of over $1.5 billion over four consecutive trading days. The net inflow for the Ethereum ETF was $117.2 million. The negative news is that the world's largest stablecoin, Tether (USDT), may be banned in Europe. USDT may disappear from European exchanges on December 30, 2024, which could lead to a liquidity crisis. USDT has not been issued for half a month, and no one knows the reason, which has somewhat affected the entire market. Moving on to stablecoin inflows and Bitcoin exchange reserves, in the past 48 hours, there have been 7 separate transfers of stablecoins to BN exchange, each transfer involving at least $9 million. Subsequently, on December 27, an unidentified whale transferred $500 million to BN, with stablecoins usually being transferred to exchanges for asset acquisition. Analysts believe that these funds are a bullish signal, indicating that traders and institutional participants are preparing for potential market trends. Regarding Bitcoin reserves on exchanges, after steadily declining for several weeks, there has been a significant rise, with an inflow of over 20,000 BTC. This growth indicates that more Bitcoin is being deposited into exchanges, usually signaling an intention to trade or sell. At the same time, all exchanges have switched to a net inflow, which is contrary to the trend of mainly negative values in recent weeks, meaning that the inflow on exchanges now exceeds the outflow. When combined with the increase in stablecoin inflows and Bitcoin reserves, the market investors are becoming increasingly cautious, perhaps preparing for profit-taking or potential price adjustments.

Next, let's take a look at the technical trend. From the daily chart, Bitcoin has now fallen below the lower support line of the rise channel, confirming the continuation of the downward trend. The next target price is the support level of $87,000. For friends holding spot positions, there is no need to panic. If it falls to this low point, it may bring 'very great pain' to everyone in the short term, but in the long run, the decline is to lay a solid foundation for the next rise. It is inevitable for Bitcoin to once again break through $110,000, and we are still in a bull market.