In the past few weeks, after experiencing a strong correction, the cryptocurrency market has seen a significant recovery in both sentiment and price. As the benchmark asset of the market, Bitcoin once fell to $80,000, during which time the market was generally gripped by panic, highly leveraged positions were liquidated, and short-term risk appetite declined rapidly.

However, driven by changes in macro expectations and structural reactions within the market, BTC has recently rebounded quickly and returned to above $94,000. This price action reflects not only a moderation of the previous decline but also suggests that the market is attempting a structural recovery from extreme pessimism.

This round of rebound is not driven by a single factor, but is the result of the combined effects of macro liquidity, changes in market structure, technical conditions, and capital behavior.
#十二月行情展望