Bitcoin continued to rise after a major rebound last week, approaching $80,000 on Monday, to a high level since May. In January of this year, the world's largest share of the world's largest stock, which is being encrypted, rose to about US$ 2,500.

Price and Concept Unit synchronized up

By Monday, bitcoin had risen by about 2 per cent in the day, and the transaction price was close to $80,000. It also rose by about 2%. The stock prices of listed companies holding encrypted assets are generally up, with the increase recorded by Strategy, Strive and the Taifung Treasury Concepts Unit, Bitmine and Sharplink.

The round rose after Bitcoin broke through the previous shock zone. One of the market concerns was the rise in investor concerns about inflation and fiscal deficits, which led to partial reallocation to scarce assets such as bitcoin and gold.

ETF financial return is clear.

Institutional funds have also returned to the market. The spot bitcoin ETF net inflow last week was $1.92 billion, the largest single-week inflow since last October. In October last year, bitcoin touched the height of the cycle in that round.

As prices went up fast, empty silos were met with a concentrated silo. The short-term increase was further amplified by reports that over $4 billion of the drop-in encryption warehouse had been cleared in the current round.

  • Present bitcoin ETF net inflows of $1.92 billion last week
  • Over $4 billion of encrypted empty silos were levelled.
  • Bitcoin's up by 20% in three days.

Macro change push high-risk preferences

This is a direct catalyst from last week ' s macro-environment change. The United States Treasury Department has indicated that it will double the scale of long-term public debt purchases, and that the return on the United States debt has once returned, with the subsequent rise in demand for risk assets, benefiting both bitcoin and gold.

The CNBC mentions that bitcoin has increased by more than 20% over the last three days, the largest in three days since 2023. According to BTIG analyst Jonathan Krinsky, a similar trend occurred in January 2023, when bitcoin also rose by about 20 per cent in three days and broke the downward trend, but then the increase slowed down.

The market is now concerned whether this round of rebound will be a turning point for Bitcoin to emerge from its long-term downturn. Until then, the price of bitcoin has been under pressure since last October. As the period of seasonal bias approaches, financial flows and subsequent interest rate changes remain the main observation point.