Bitcoin returns to $100,000, and market sentiment gradually improves

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Recently, Israel launched a preemptive strike on Iran's nuclear facilities, followed by Iran's counterattack, causing a sudden escalation of tensions in the Middle East region, which led to significant volatility in the cryptocurrency market and global stock markets. Bitcoin once plummeted to 104,000 USD, triggering investor panic, but just a few days later, the price rebounded to 107,000 USD, demonstrating strong momentum again.

The core driving force behind this rebound is institutional investors' action of "buying the dip". Two BTC reserve companies, Strategy and Metaplanet, collectively purchased 11,212 BTC within the past 24 hours. Among them, Strategy bought 10,100 BTC for approximately 10.1 billion USD, while Metaplanet added 1,112 BTC for about 117 million USD.

Metaplanet originally planned to accumulate 10,000 BTC by 2025, but has now completed this goal ahead of schedule and announced a new roadmap, planning to increase its holdings to 210,000 BTC in the future. Metaplanet CEO Simon Galovich stated: "This era will be divided between those who bought Bitcoin and those who did not." expressing high confidence in Bitcoin.

In fact, such large-scale buying news brought positive signals to the market, causing Bitcoin's price to quickly rebound and restore investor confidence.

Moreover, within the past 24 hours, Bitcoin trading volume surged by approximately 29%, reaching 46.2 billion USD, with market capitalization rebounding to 2.13 trillion USD. In the derivatives market, Bitcoin futures open interest grew by 4.82%, exceeding 73 billion USD, indicating that institutional and high-net-worth investors are actively positioning themselves.

After this event, more people are beginning to pay attention to Bitcoin investment. In fact, buying Bitcoin is simpler than imagined. Domestic users only need to register on exchanges like Upbit, Bithumb, or Coinone, complete real-name verification, and deposit Korean won to immediately purchase Bitcoin. For overseas platforms like Binance or OKX, overseas remittance and KYC certification processes are required, so it is recommended to understand the procedures in detail beforehand.

It is important to note that cryptocurrencies are high-risk assets that are easily influenced by international political situations and global financial trends. Investors should avoid being swayed by short-term price fluctuations, develop long-term strategies, and prioritize risk management to proceed steadily.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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