After seven months of consolidation, the BTC spot ETF is experiencing an unusual influx of funds. Beginning with a 50 basis point rate cut in mid-September, Federal Reserve Chairman Powell assured the market of an extended rate cut cycle, which further accelerated the inflow of funds into the BTC spot ETF.

Driven by rising prices and increased media attention, BTC's strong momentum is expected to continue until December, attracting new investors. Optimism also surrounds Trump's inauguration on January 20, 2025, which could bring a more favorable cryptocurrency regulatory environment, including the appointment of a new SEC chairman. Additionally, expectations regarding FTX's upcoming announcement to return $16.5 billion to creditors may also support market sentiment. These factors create a favorable backdrop for sustained bullish sentiment and BTC price stability.

By 2025, cryptocurrency assets are expected to cross the 8% adoption threshold, marking a significant turning point that will lay the foundation for broader adoption.

Several key factors driving BTC to new highs this quarter include three major changes in the U.S. regulatory landscape. First, on December 6, S&P Global may announce the inclusion of MicroStrategy in the S&P 500 index, prompting index funds to enter the market. Second, on December 10, Microsoft will review a proposal to invest in BTC despite opposition from its board.

Previously, the National Center for Public Policy Research in the U.S. submitted a proposal based on the "2025 Plan," suggesting that BTC be evaluated as an investment target. Finally, starting December 15, 2024, the Financial Accounting Standards Board (FASB) will introduce new regulations allowing cryptocurrency assets to be listed at fair market value in company financial reports, encouraging finance departments to include BTC on their balance sheets.

Historically, when BTC's Relative Strength Index (RSI) reaches overbought levels or the 30-day rolling return exceeds 40%+, its price often consolidates as momentum cools. However, given the recent overbought phenomenon, a brief consolidation phase may occur. Nevertheless, many positive factors are gradually emerging.

Observing Bitcoin's current momentum through the 7-day rolling price change rate (in USD), as BTC prices rise, the absolute price difference increases, but the recent 7-day price increase of up to $19,265, reaching a historical high, also indicates an unprecedented intensity of this rebound.

The above opinions are partly derived from Matrix on Target. Contact us** for the complete Matrix on Target report.**

Disclaimer: The market carries risks, and investment should be approached with caution. This article does not constitute investment advice. Trading in digital assets may involve significant risks and volatility. Investment decisions should be made after careful consideration of personal circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions made based on the information provided herein.

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