#Yu Xing Technology purchases Bitcoin.#
Hot Topic Overview
Overview
Hong Kong-listed company Yu Xing Technology recently announced that it had sold approximately 6.3 million USDT and purchased 78.2 BTC between July 25, 2024, and December 31, 2024, at an average price of $80,960 per Bitcoin. This indicates that Hong Kong-listed companies, in addition to US institutions, are starting to buy Bitcoin, which may signal the end of the Bitcoin bull market. Previously, Meitu's purchase in 2021 was considered a signal of the end of the bull market.
Ace Hot Topic Analysis
Analysis
Hong Kong-listed company Yu Xing Technology recently announced that it sold approximately 6.3 million USDT and purchased 78.2 Bitcoin between July 25, 2024, and December 31, 2024, at an average price of $80,960 per Bitcoin. This indicates that Hong Kong-listed companies, in addition to US institutions, are starting to buy Bitcoin. Some believe that when mainland companies, such as Meitu in 2021, start buying Bitcoin, it could signal the end of the bull market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Hong Kong listed companies are starting to buy Bitcoin, signaling a growing interest in cryptocurrencies from institutional investors.
Yu Xing Technology's move could signal that more Hong Kong listed companies will join the ranks of Bitcoin buyers in the future.
Mainland companies starting to buy Bitcoin could mean the bull market is coming to an end, similar to Meitu's move in 2021.
Yu Xing Technology's trading strategy is to convert USDT to Bitcoin, indicating its bullish outlook on the future value of Bitcoin.