If BTC price succeeds breaking $70k and $72.5k,

in hive-103599 •  yesterday  (edited)

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Source: Coinglass

It will be inevitable for BTC(Bitcoin) to go $100k. It seems BTC surge is imminent. BTC bears have always lost with respect to the long-term view.

When it comes to the 🇺🇸 macroeconomy, the CPI arrived around 2%, and it looks stablized. Even though the Unemployment Rate is about 4%, the Fed has still some weapons to control it such as interest rate cuts, buying individual corporate bonds, etc.

I think if the labor market is stablized this fourth quarter, it will be good for the crypto market. The Initial Jobless Claims will be released today. I hope it's less than the forecast 🙏

Let's check entities' postions. Ordinary people are not interested in the crypto market. Some retail investors are shorting the crypto market. Some crypto enthusiasts are hodling their crypto portfolio.

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Source: BiTBO

Wall Street is holding more than 940k BTC 😲

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The United States, China and the UK hold more than 460k BTC 😲

Do you recognize the difference between them? I don't wanna bet the opposite position against Wall Street and G3 😎

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