#以太坊行情解读 The Bank of Japan's interest rate hike has stirred waves in the global market. $BTC, as a highly liquid asset, has been used by many institutions to Close Position on yen arbitrage positions, which has led to a significant increase in the correlation between Bitcoin and traditional risk assets. On the other hand, the trend of institutional funds continuously flowing in has not changed, and the amount of funds absorbed by Bitcoin ETP is quite considerable, reflecting the mainstream finance's desire for long-term allocation in digital gold.



From a technical perspective, in the past 24 hours, $BTC has fluctuated between 87900 and 90588, with the current price hovering around 88513, which is a typical consolidation trend. Both bulls and bears are evenly matched, and there is a risk of a downward test in the short term. The changes in support levels here are worth closely monitoring, while also being wary of the liquidation risks brought by high leverage.

Interestingly, traditional gold has recently performed strongly, while some altcoins have been severely hit by the fluctuations of Bitcoin. The market is beginning to reassess Bitcoin's safe-haven properties and independence. At this stage, investors are cautious, and it is suggested to pay attention to macro policy trends and changes in Liquidity. Don't rush to position yourself; be patient and wait for the market to reveal its true direction before taking action.
BTC0.9%
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NFTragedyvip
· 12-23 02:40
The Bank of Japan's move directly scared institutions into closing positions on BTC, this operation is truly exceptional... However, the ETP is still sucking blood, indicating that mainstream finance is still optimistic in the long run.
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CrashHotlinevip
· 12-23 02:39
The Bank of Japan's move directly frightened institutions into closing their BTC positions; it feels like large funds are repeatedly jumping between arbitrage and allocation. After such a long period of volatility, it seems that they are waiting for a signal to move. High leverage really leads to getting liquidated at every turn. Gold is fierce, but BTC is for the long term; let's forget about the small coins. If the support level falls again, there should be a reaction; I'll just watch. We haven't completely broken below 88500 yet, so we need to be patient and not be fooled by false breakouts. Seeing institutions madly sweep ETPs looks quite reassuring; it indicates they are still optimistic about the long term. With longs and shorts balanced so tightly, it feels like the next step will either be a big dump or a direct rebound. It all depends on the dollar's movements.
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TestnetNomadvip
· 12-23 02:34
The Bank of Japan's move directly treats BTC as an arbitrage tool, and this operation by institutions is quite remarkable. High leverage is really something to be cautious about; I've seen too many cases of getting liquidated before, so let's wait and see in this market. Gold is fierce, and BTC is fluctuating; small coins are indeed facing backlash. This wave of the market is teaching people a lesson. Don't rush to buy the dip; let's observe the policy direction first. A stable mindset is the first step to making money. I feel that the 88000 position will be tested again; if it can't hold, it will be dangerous. Institutions are constantly entering, indicating that the long-term bullish signal is still present, but the short-term is too chaotic. ETPs are attracting so much capital, which shows that Wall Street can't sit still either; there is indeed a story behind this.
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DegenDreamervip
· 12-23 02:27
Is it going to fall again? I just knew it, every time it oscillates like this it goes downhill.
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MysteriousZhangvip
· 12-23 02:24
The Bank of Japan's move has really messed up the institutions; BTC has become an arbitrage tool. --- The ETP is sucking blood so aggressively, indicating that big funds are still optimistic, just short-term trapped. --- The 88500 position is really awkward, can't go up and afraid to go down; leveraged players probably aren't sleeping well. --- Gold has surged crazily, and now comparing it with BTC as a safe haven, the logic is a bit hard to hold. --- Hold on, small coins are in a big dump; what is this teaching us, or is it just doomed? --- Don't rush, don't rush, let's see the policy direction first; at this point, lying in ambush is just giving money to the exchange. --- Institutions are building, retail investors are running; why does this trade always follow this script?
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