Why Bitcoin could remain choppy despite the end of LTH sell-off
Bitcoin's demand has improved as long-term holder (LTH) selling pressure has eased and U.S. Spot ETF outflows have declined, potentially setting the stage for a bottom or recovery. However, near-term price action is expected to remain choppy and subdued below $95K due to several January catalysts. These include tax-related selling, the MSCI's decision on MicroStrategy's index inclusion, the Fed rate decision, a government funding deadline, and potential crypto bill delays. Increased put option volume indicates significant hedging for a drop toward $80K-$83K, reflecting cautious institutional positioning despite improving underlying demand.
ambcrypto12/30 20:24
