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Today is December 24th, BTC price is 87,000
1. BTC has been weaker than expected, and short-term trends have changed somewhat, possibly leading to another small dip (see the video for details)
2. BTC underperformed gold, US stocks, and the A-shares market, becoming the worst-performing investment this year. I personally think the main reason is the large-scale withdrawal of risk capital. Due to changes in the macro environment, precious metals and tech stocks have become safer and more clearly defined targets, plus Japan's interest rate hike has intensified the liquidation of leveraged speculative funds. Once floating capital is eliminated, holding long-term positions is conducive to a trend rebound. Be patient and wait.
3. Spot market issues are not significant; BlackRock's BTC cost basis is around 90,000, and institutions like Tom Lee have an average ETH holding price above 3,000.