Bitcoin Fluctuates Above 70,000, Continues to Try

At present, Bitcoin continues to fluctuate above 70,000, and continues to try to reach new heights. Market sentiment is gradually being ignited. When everyone adapts to the non-stop rise of Bitcoin, the market will become more active as time goes by. 312 has passed, and the Cancun upgrade has been implemented. On the surface, it seems that the opportunity for thunderstorms has been temporarily lost. The mood must have improved.

The biggest driving force for Bitcoin currently comes from the active ETF market. You must know that many retail investors buying ETFs may be in a different situation than facing the current price of Bitcoin. They do not need to consider the so-called fear of heights, nor do they need to consider that the unit price of Bitcoin is too high. , the continuous inflow of funds through ETFs to buy Bitcoin has caused the current fundamentals of Bitcoin to be changed, and after the change, every rising cycle of Bitcoin, and the continuous rise that people are worried about will inevitably lead to a correction, may will be broken, so we need to adapt to the new Bitcoin.

In terms of transactions, it will take one to two days to digest the landing in Cancun to see whether the changes in Ethereum and the Ethereum ecology are drastic. If it is relatively stable, it proves that the current hot spot in Ethereum is the application for the Ethereum ETF in the future. We will still hold the tokens in our hands patiently, waiting for the gradual support of the counterfeit industry after Bitcoin stabilizes.

At present, the funds retained on the market are stable, and off-site funds enter the market directly for market transactions. With the inflow of external funds, once Bitcoin stabilizes, these funds will inevitably flow directly into the copycat market.

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