The Bloomberg article pointed out that while the rally in cryptocurrencies is relying on the overall risk appetite of Wall Street, analysts believe that this cycle has seen a large number of new corporate buyers, which is different from the past. Bitcoin futures show that bullish momentum has not abated, while in the perpetual contract market - a popular way for traders to leverage and participate in the cryptocurrency market - long demand outweighs short bets.
Analysts pointed out that bitcoin broke through the 119,500 - 120,000 dollar range and the increase in volume reflects the continued buying interest, continued to break 122,000 dollar may open the path to the 124,000 - 125,000 dollar, but the market is not without flaws, Wall Street underestimated the possibility of Trump's return to protectionism, escalating trade tensions may break this situation.
Bloomberg: Bitcoin futures show bullish momentum has not abated, and long demand in the perpetual contract market exceeds short bets
2025-07-15 05:29:16
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