As reported by Bijié Wǎng, Bitcoin is approaching its all-time high of $124,457, having risen 11.61% in the past week and currently trading at $122,179.35. Matthew Sigel of VanEck highlighted that foreign exchange reserves are declining, suggesting that institutions are refraining from selling, which is tightening liquidity and potentially leading to shortages. The $45.3 billion in open interest and rising trading volume indicate strong institutional bets on further Bitcoin gains, with Standard Chartered predicting a price of $200,000 by the end of 2025.
VanEck's Matthew Sigel Notes Declining Exchange Support for Bitcoin Amid Price Surge
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.