#我在Gate广场过新年 Bitcoin's rise is driven by consensus-driven capital inflows; the larger the market cap, the more capital is needed for further increases.
It reached 100,000 in February 2025, and from May to November, it fluctuated between 100,000 and 120,000, accumulating a massive amount of trapped positions. Now that it has fallen to 60,000 and is trying to rebound, which big funds would want to be the bagholders?
During the drop from 98,000 to 60,000, there was a historic level of panic selling pressure. The largest single-day turnover in two years occurred at the 60,000 level, indicating