#比特币价格走势 Bitcoin needs to break 93389 by the end of the year to ensure positive returns in 2025. Currently, investor sentiment is quite low, and it looks a bit uncertain. However, interestingly, the performance of the US Bitcoin ETP has been quite stable — from a high of 62 billion in October to now only down 9%, indicating that institutional investors still have confidence.

Galaxy is right; turning Bitcoin into a hedge against currency devaluation is just a matter of time, and what we are seeing now is this process. Once major asset allocators and central banks truly enter the market, the game rules might change. This year's numerous positive news have become almost numbingly frequent, but looking at institutional fund flows, they have been quietly positioning themselves for a while. The current wave of low sentiment at the end of the year is actually a good point for observation; by January next year, everyone might reassess this thing.