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Tom Lee: Bitcoin adoption could surge 200x, will the four-year cycle end?
Tom Lee, Chairman of Ethereum treasury company BitMine, stated that Bitcoin adoption could surge by 200 times. He pointed out that globally, only 4.4 million wallets hold more than $10,000 worth of Bitcoin, while 900 million people have retirement account funds exceeding that amount. If these funds are allocated to Bitcoin, it would create huge growth potential.
Tom predicts that Bitcoin's traditional four-year cycle is about to be broken, saying that the historical rhythm may be rewritten in the coming weeks. He believe
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🚨 Hyperliquid data shows:
An unknown whale at address 0x5d has opened a $BTC short position, full leverage 20X, entry average price $111,499.3, liquidation price $101,326.1, with a total position value of about $81.72 million.
This whale has been holding the short position for quite a while, currently profiting $16.9 million, but has paid nearly $10 million in funding fees.
$BTC
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According to the data, if ETH breaks above $3,297, the total short liquidation volume on major CEXs will reach $1.496 billion. Conversely, if ETH falls below $2,988, the total long liquidation volume on major CEXs will reach $691 million.
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BlackRock CEO: Sovereign Funds Are Buying Bitcoin at Low Prices
BlackRock CEO Larry Fink revealed that some unnamed sovereign funds are buying Bitcoin, and as Bitcoin's price dropped from its peak of $126,000, they bought even more.
Larry Fink stated that these funds are gradually buying in, increasing their positions when Bitcoin's price fell to the $80,000 range, aiming to build long-term holdings. Speaking at the DealBook event alongside Coinbase CEO Brian Armstrong, he said that if the United States does not accelerate its investment in digitalization and tokenization, it risks falling beh
BTC-3.23%
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