#比特币ETF Bitcoin returns to $90,000, which looks lively, but I have to pour some cold water—there are no substantial catalysts behind this rally; it's purely a technical rebound. $90,000 was once a resistance level, and now that it has bounced back to this point, short covering and momentum-driven buying naturally follow, which is an inertial market reaction, not a new story.
More notably, the details of ETF outflows exceeding $1 billion in December. What does this indicate? It suggests that institutions are quietly reducing their positions under the guise of tax-loss harvesting, while the ent