Bitcoin ទទួលបាន $20K ខណៈពេលដែលកំពុងចែចង់ជាមួយនឹងបុព្វលាភអនាគតអព្យាក្រឹតជាលើកដំបូងក្នុងរយៈពេល 6 ខែ

After 66 agonizing days, Bitcoin (BTC អ) price finally broke above the psychological resistance level at $20,000 on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position among the top 20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META).

ពីមួយចំហៀង Bitcoin bulls មានហេតុផលដើម្បីអបអរសាទរបន្ទាប់ពីតម្លៃរបស់វាបានងើបឡើងវិញ 34% ពីតម្លៃទាប $15,500 នៅថ្ងៃទី 21 ខែវិច្ឆិកា ប៉ុន្តែខ្លាឃ្មុំនៅតែមានដៃខាងលើនៅលើស៊ុមពេលវេលាធំជាងចាប់តាំងពី BTC បានធ្លាក់ចុះ 52% ក្នុងរយៈពេល 12 ខែ។

Traditional finance investors this week will be closely watching United States retail sales data set for release on Jan. 18, as well as fourth-quarter earnings reports from Goldman Sachs (GS), Morgan Stanley (MS), Netflix (NFLS) and Procter & Gamble (PG).

In the cryptocurrency markets, there is mild relief stemming from some unexpected places — or people. Crypto entrepreneur Justin Sun is reportedly interested in ទទួលបាន assets from the troubled Digital Currency Group (DCG), the parent company of the crypto lender Genesis and the Grayscale funds’ administrator.

On Jan. 16, Binance exchange launched its ដំណោះស្រាយទូទាត់ក្រៅប្រព័ន្ធ for institutional investors. The regulated digital asset custodial services enable additional security, allowing investors access to the exchange ecosystem without needing to deposit directly on the platform.

Another positive piece of news came from Bitcoin’s mining difficulty rising 10.26% on Jan. 15, reflecting higher competition for block subsidies — typically a bullish indicator for the industry. This increases network security, but more importantly, it shows that miners can find strategic energy sources and are committed to the long-term investment required for Bitcoin mining.

សូមក្រឡេកមើលម៉ែត្រនិស្សន្ទវត្ថុ Bitcoin ដើម្បីយល់កាន់តែច្បាស់អំពីរបៀបដែលពាណិជ្ជករអាជីពត្រូវបានដាក់ក្នុងលក្ខខណ្ឌទីផ្សារបច្ចុប្បន្ន។

The Asia-based stablecoin premium drops to a 6-month low

កាក់ USD (USDC) បុព្វលាភគឺជារង្វាស់ដ៏ល្អនៃតម្រូវការពាណិជ្ជករលក់រាយគ្រីបតូដែលមានមូលដ្ឋាននៅប្រទេសចិន។ វាវាស់វែងភាពខុសគ្នារវាងការជួញដូរពីម្នាក់ទៅម្នាក់ដែលមានមូលដ្ឋាននៅប្រទេសចិន និងប្រាក់ដុល្លារសហរដ្ឋអាមេរិក។

តម្រូវការទិញច្រើនពេកមានទំនោរដាក់សម្ពាធលើសូចនាករខាងលើតម្លៃសមរម្យនៅ 100% ហើយក្នុងអំឡុងពេលទីផ្សារធ្លាក់ចុះ ការផ្តល់ជូនទីផ្សាររបស់ Stablecoin ត្រូវបានជន់លិច ដែលបណ្តាលឱ្យមានការបញ្ចុះតម្លៃ 4% ឬខ្ពស់ជាងនេះ។

Currently, the USDC premium stands at 97.5%, down from 100% two weeks prior, indicating lesser demand for stablecoin buying from Asian investors. The data gained relevance after the 24% rally between Jan. 7 and Jan. 14, as one would expect a much higher demand from retail traders.

However, this data is not necessarily bearish because traders could be dumping stablecoins due to increased regulatory risks.

The futures premium is finally displaying neutral sentiment

Retail traders usually avoid quarterly futures due to their price difference from spot markets. But professional traders prefer these instruments because they prevent the fluctuation of funding rates in a កិច្ចសន្យាអនាគតជារៀងរហូត.

បុព្វលាភប្រចាំឆ្នាំនាពេលអនាគតរយៈពេលពីរខែគួរតែធ្វើពាណិជ្ជកម្មរវាង +4% ទៅ +8% នៅក្នុងទីផ្សារដែលមានសុខភាពល្អ ដើម្បីគ្របដណ្តប់លើការចំណាយ និងហានិភ័យដែលពាក់ព័ន្ធ។ ដូច្នេះ នៅពេលដែលការជួញដូរនាពេលអនាគតនៅខាងក្រោមជួរបែបនេះ វាបង្ហាញពីការខ្វះទំនុកចិត្តពីអ្នកទិញអានុភាព - ជាធម្មតា សូចនាករធ្លាក់ចុះ។

The above chart shows positive momentum for the Bitcoin futures premium, now flirting with the neutral premium at 4% — the highest in five months. This indicator represents a drastic change from the backwardation, the bearish sentiment that had prevailed from the collapse of FTX in November until the first days of 2023.

Bitcoin’s $20,000 support needs a retest

While the seemingly effortless rally to $20,000 looks encouraging, it hasn’t been recently tested as a support level. At the same time, the absence of a stablecoin premium in Asia displays a lack of demand from retail buyers. However, the current 2.5% discount does not reflect discomfort or distress from sellers.

ដែលទាក់ទង: Bitcoin នៅលើខ្សែសង្វាក់និងទិន្នន័យបច្ចេកទេសចាប់ផ្តើមបង្ហាញថាតម្លៃបាតរបស់ BTC គឺស្ថិតនៅក្នុង

This data supports the thesis that Bitcoin needs to test the $20,000 support to prove to investors that regardless of how the stock market behaves, the bearish sentiment caused by FTX and Digital Currency Group contagion risks គឺនៅពីក្រោយយើង។

There is still a chance that macroeconomic data will favor the continuation of a bull run, so either way could sustain the positive momentum.