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Matrixport: Bitcoin enters a rare long-short stalemate zone, with uncertainties surrounding a year-end push to $100,000.
Crypto Assets market expert Matrixport pointed out that the Bitcoin price is currently in a rare stalemate between bulls and bears, triggering intense discussions among traders about the year-end trend: will Bitcoin rebound to $100,000 or fall back to $80,000?
During the Thanksgiving period, Bitcoin rebounded to over $91,800, a phenomenon common before Christmas. Matrixport emphasized that a bullish "hammer" reversal pattern occurred when the price reached $80,000, providing technical support for the rebound. However, Glassnode data shows that due to declining market liquidity and increasing realized losses, Bitcoin is trapped in a range-bound fluctuation, with deleveraging in the futures market and options maintaining a defensive stance, while overall demand remains weak.
BTC-0.4%
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