- BitcoinZella
- Posts
- Bitcoin: Short-Term Dip, Long-Term Optimism for $111K by February
Bitcoin: Short-Term Dip, Long-Term Optimism for $111K by February
Despite recent crashes and $2.9 billion in liquidations, Bitcoin’s derivatives market shows potential for a rally to $111,000 by February.
Joe G & Money Talks
December 11, 2024 • Estimated Reading Time: 7 minutes
What we will talk about today...
Bitcoin: Short-Term Dip, Long-Term Optimism for $111K by February
Ethereum’s $5K Year-End Target Unlikely, But Traders Stay Bullish
Altcoins Tumble Amid Bitcoin Dip and Record Liquidations
Despite recent crashes and $2.9 billion in liquidations, Bitcoin’s derivatives market shows potential for a rally to $111,000 by February.
Main Points:
Price Volatility: Bitcoin dipped from $101,430 to $94,200, liquidating $2.9B in positions.
Healthy Market Reset: Excess leverage has been cleared, reducing volatility risks.
Institutional Confidence: ETFs and major buyers like MicroStrategy signal strong demand.
Optimistic Derivatives: Options markets price Bitcoin at $111,000 by late February.
Detailed Insights:
Market Reset: Funding rates for perpetual contracts fell after hitting 9% on Dec. 5, indicating healthier market conditions.
Institutional Inflows: U.S. Bitcoin ETFs gained $15.2B since October, while firms like MicroStrategy and Riot Platforms added significant holdings.
Futures Premium Stability: Monthly futures maintain a 15% premium, reflecting steady optimism among professional traders.
Bullish Derivative Signals: Call options suggest traders are betting on Bitcoin surpassing $100,000 by February.
Bitcoin’s short-term dips may be a market recalibration, setting the stage for institutional-led growth and potential new highs.
WHAT WE RECOMMEND😉
To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You
|
Just Clicking The Subscribe Button Helps Us Continue
For Free Forever
Ethereum’s $5K Year-End Target Unlikely, But Traders Stay Bullish
Derive research predicts less than a 10% chance of Ethereum hitting $5,000 by year-end. However, ETF inflows and trader sentiment suggest optimism for future growth.
$ETH is about to break out of its 4-year, 1,460-day range to the upside.
Much higher, far beyond your worst nightmares.
— Poseidon (@CryptoPoseidonn)
9:01 PM • Dec 8, 2024
The ETH ETFs had a net inflow of $305 million today
TradFi is gobbling up the cheap ETH
— sassal.eth/acc 🦇🔊 (@sassal0x)
1:37 AM • Dec 11, 2024
Main Points:
Low $5K Odds: Derive data shows only an 8% chance for ETH to reach $5,000 in 2024.
ETF Momentum: $305M in daily inflows suggests strong institutional demand.
Trader Optimism: Analysts and traders foresee a possible all-time high retest soon.
Neutral Market Sentiment: Options activity reflects balanced calls and puts trading.
Detailed Insights:
Probability Adjustments: Derive's research shows ETH’s $5K probability peaked at 16% before falling to 8%.
ETF Inflows: Fidelity’s Ethereum Fund led the $305M inflows on Dec. 10, hinting at institutional confidence.
Market Sentiment: Despite odds, prominent traders like CoinMamba target $5K, citing structural market shifts.
All-Time High Potential: Analysts highlight ETH's highest weekly close of the year, with a retest of $4,878 possible soon.
$305mn into ETH ETFs today
Supply side crisis incoming
— eric.eth (@econoar)
1:48 AM • Dec 11, 2024
My target for $ETH is still $5k by the end of this year. Do what you will with that information..
— CoinMamba (@coinmamba)
8:03 PM • Dec 10, 2024
While ETH’s year-end $5,000 target seems improbable, bullish signals from ETFs and traders point to potential long-term gains.
₿itcoin reached $98,034. +0.58%
♢Ethereum reached $3,691. -1.58%
Bitcoin's dip below $100K triggered $1.5 billion in liquidations, causing sharp declines in XRP, Tron, Cardano, and Ethereum. Broader market uncertainty persists as experts weigh potential recovery or prolonged correction.
Main Points:
Bitcoin Drop Sparks Sell-off: BTC fell from $101K to $96,880, spurring a major market downturn.
Altcoin Declines: XRP (-23%), Tron, Cardano (-8-13%), and Ethereum (-7%) faced significant losses.
Speculation on Triggers: Large sell orders, liquidations, and possible coordinated selling blamed.
Quantum Computing Concerns: Security fears over advanced tech add to market caution.
Recovery Odds: BTC has a 6% chance of hitting $150K by January; ETH, 10.5% for $6K.
Detailed Insights:
Liquidations Surge: Over $1.5 billion in liquidations marked a record as Bitcoin’s volatility shook markets.
Market Sentiment: Analysts debate whether this is a temporary correction or a harbinger of further declines.
Altcoin Impact: XRP dropped from $2.82 to $2.17; Ethereum followed with a 7% decline.
Quantum Computing Threat: Growing concerns about blockchain vulnerabilities dampen investor confidence.
Outlook: While current sentiment is cautious, experts see potential recovery in line with historical crypto cycles.
Bitcoin's dip below $100K and altcoin declines highlight market volatility, prompting cautious optimism for recovery amidst uncertainty.
CAN YOU PREDICT THE PRICE?
Bitcoin Price Prediction for Tomorrow?🤔 |
HOW DID WE DO? 🤷
We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪) What did you think of today's Newsletter? Don't worry, you won't hurt our feelings... 🥲 |
Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results