Core Viewpoint - The cryptocurrency market is attempting to recover from a prolonged sell-off, with Bitcoin showing signs of rebound, reaching a peak of $93,900, the highest since November 17, despite ongoing market pressure and cautious sentiment among traders [1][2]. Group 1: Market Performance - Bitcoin reached a historical high of $126,251 in early October but has since experienced a significant sell-off, resulting in a market capitalization loss exceeding $1 trillion [2]. - The recent rebound in Bitcoin has provided a brief respite from the previous weeks of decline, with approximately $400 million in short positions liquidated in the last 24 hours [2]. - Bitcoin's price fluctuated significantly this week, dropping sharply after comments from the CEO of MicroStrategy regarding potential sales of Bitcoin holdings, before recovering above $90,000 [4]. Group 2: Market Sentiment - Market sentiment remains fragile, with traders exhibiting caution and signs of ongoing pressure in the cryptocurrency market [5]. - The inflow of $59 million into 12 Bitcoin spot ETFs on Tuesday was described as "weak," indicating a lack of strong buying interest [5]. - Key indicators suggest that Bitcoin's rebound may face challenges, with the funding rate turning negative, indicating higher demand for bearish positions [6]. Group 3: Institutional Perspectives - Analysts suggest that the recent Bitcoin rebound is merely a relief rally, with potential for some upward momentum, presenting a good entry point for those not fully invested [7]. - The volatility in Bitcoin prices is expected to persist, attributed to changes in buying patterns among large institutional buyers, which have reduced their purchasing activity [8]. - Concerns regarding security within the cryptocurrency ecosystem remain, although significant vulnerabilities have decreased, leading to a perception of cryptocurrencies as a more institutional asset class [8][9].
别高兴太早！比特币反弹至两周新高之际市场情绪仍脆弱 波动性或长存
智通财经网·2025-12-03 08:05