Bitcoin futures data shows that the price is expected to exceed $100,000

Bitcoin futures data shows that the price is expected to exceed $100,000, and this expectation is supported by multiple market indicators.

Bitcoin futures data shows that the price is expected to exceed $100,000, and this expectation is supported by multiple market indicators. Among them, the net acquisition volume of Bitcoin cumulative addresses in December increased significantly by 82.6%, showing strong market demand. Analysts expect that the price of Bitcoin is expected to exceed $105,000 after the holidays. However, there are also uncertainties in the market. With the emergence of resistance levels, Bitcoin may face the risk of a short-term correction. It is also worth noting that although Ethereum has risen by 48.19% this year, its momentum has weakened recently.

In terms of global regulation, the Israeli Securities Authority approved the establishment of six Bitcoin mutual funds, while Russia expanded the use of Bitcoin in foreign trade. In Asia, Binance is actively promoting crypto payment projects in the tourism center of Thailand. In the altcoin market, the market generally expects the upcoming "altcoin season", among which Avalanche (AVAX) has received special attention. Its founder Emin Gun Sirer compared AVAX with the supply cap of Bitcoin, which may drive AVAX prices up.

In terms of institutional investment, MicroStrategy plans to raise $42 billion to strengthen its position in the cryptocurrency market. However, there are also some negative signals in the market: Ethereum whales' large deposits in Binance have caused market concerns. At the same time, on Christmas Eve, Bitcoin ETF saw an outflow of $338.38 million, while Ethereum ETF recorded a net inflow of $53.54 million, reflecting the market competition between the two major cryptocurrencies.