Benson Sun: Bitcoin may fluctuate between $85,000 and $95,000, with still insufficient interest from off-chain funds.

BTC3.66%

BlockBeats News, January 22 — Crypto KOL and former FTX community partner Benson Sun stated, “Trump once again ‘TACO’ (Trump backing down at the last minute), but US stocks have already rebounded to the starting point of the decline, while Bitcoin remains significantly below the initial drop point. Currently, off-chain funds still show little interest in BTC, making it difficult to break through $100,000. The subsequent market may fluctuate widely within the range of $85,000 to $95,000. He warned that bulls should avoid overconfidence and focus on flexible trading.”

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

LIGHT (heaven) up 28.83% in 24 hours, market cap approximately 15.5177 million USD

Gate News reported that on March 24th, according to Gate's market data, as of press time, LIGHT (heaven) is trading at $0.3604, up 28.83% in the past 24 hours, with a high of $0.3929 and a low of $0.2498. The 24-hour trading volume reached $5.3691 million. The current market cap is approximately $15.5177 million. Bitlight Labs is a Bitcoin and Lightning Network infrastructure company and a major contributor to the RGB protocol. As a member of the LNP/BP Association, the company is dedicated to enabling native smart contracts and stablecoin transactions on Bitcoin and the Lightning Network.

GateNews5m ago

Whale transferred 464 BTC to a certain CEX 2 hours ago, realizing approximately $2 million in gains

Gate News reported that on March 24, according to Ember monitoring, a whale transferred 464 BTC (worth $32.82 million) to a certain CEX 2 hours ago. The whale purchased this batch of BTC one month ago at an average price of $66,317, and sold it today at a price of $70,713, realizing a profit of approximately $2 million.

GateNews26m ago

Trump "Pauses Strike on Iran" for 20 Minutes, Global Markets Surge 2.5 Trillion Dollars, BTC Surges to 71000, Liquidations of 659 Million Shake the Market

Bitcoin plummeted to a two-week low of $67,371 during the Asia session, then rapidly rebounded to $71,000 following Trump's announcement to suspend strikes against Iran, gaining 5.86%. This event triggered a $2.5 trillion increase in global market value. Meanwhile, Bitcoin liquidations reached $659 million, marking the largest scale in recent times. Market sentiment improved, the fear index rose, while miners continue to face losses pressure.

動區BlockTempo36m ago

Bitcoin Surges 4% Briefly After Trump Announces De-escalation with Iran, Futures Premium at Only 2% Below Neutral Range

After Trump announced a temporary easing of tensions with Iran, Bitcoin rose 4% in the short term, WTI crude oil prices fell 14%, and the S&P 500 index gained 3%. The futures market shows Bitcoin's annualized premium is below the normal range, options market prices the probability of Bitcoin reaching $80,000 at 20%, and the market lacks confidence in the $68,000 support level.

GateNews37m ago

Samourai Wallet Domain Taken Over by Scammers After FBI Seizure, Used to Build Phishing Website

Bitcoin privacy wallet Samourai Wallet's official domain was seized by the FBI and subsequently taken over by scammers, who are now using it to set up phishing websites to lure users into downloading malware. The domain registrar is NameCheap, and users have complained without receiving a response. Samourai Wallet launched in 2015 and was prosecuted by the U.S. Department of Justice for alleged money laundering.

GateNews41m ago
Comment
0/400
EMR16vip
· 01-22 06:44
Buy for earning 💎
View OriginalReply0
EMR16vip
· 01-22 06:44
Vibe at 1000x 🤑
View OriginalReply0