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Bitcoin Christmas' King returns'! If history repeats itself, will Bitcoin hit a new high of $146,000 in January?

Iwebcoin.com - On Wednesday (25th), Christmas Day, bitcoin resumed its upward trend, rising more than 4% on the day to above $98,000.


According to Trader T monitoring, the US spot Bitcoin ETF had a net outflow of $340m yesterday, and the cumulative net outflow of $567m in the past two trading days. In the run-up to Christmas, some investors opted out of trading.



The largest bitcoin options contract in history is set to expire on Friday, with a total value of $14bn, potentially triggering wild market swings. According to data released by Luuk Strijers, CEO of Deribit Exchange, the ratio of put options (put) to call options (call) in the current contract is 0.69, which means that there are seven put options for every 10 call options. At the same time, the number of contracts expiring this time is double the number of contracts expiring in March 2025.

According to Vetle Lunde, head of research at Iwebcoin, data from the last three cycles of Bitcoin shows that the average duration from the first to the last record high in each cycle is 318 days. With Bitcoin hitting its first all-time high on March 5 of the current cycle, if the average duration of previous cycles is repeated, investors could see the cryptocurrency reach a new peak for this cycle on January 17, 2025.

He further added that based on estimates of previous cycle peak prices, Bitcoin could peak at $146,000 this cycle. And if the previous market cap is any guide, Bitcoin could even reach a top of $212,500 this cycle.

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