The structural changes behind Bitcoin’s new highs, what are the XBIT cryptocurrency trading platforms?
On the evening of May 21, on the eve of Trump’s dinner, Bitcoin broke its all-time high again after 121 days, with the price reaching $109,432, up 46.35% from the low on April 9. XBIT historical data shows that since May, Bitcoin has repeatedly exceeded the $100,000 mark, and has broken through historical barriers amid the resonance of global policy benefits and capital flows, showing a resilience that is completely different from 2021.
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The core feature of this round of market is structural transformation. Unlike the “roller coaster” speculative frenzy in 2021, the current rise is dominated by spot funds, with open interest reaching US$34 billion, but the funding rate has been close to zero for a long time, suggesting low leverage operation. The low leverage and high...
