Bloomberg: Bitcoin futures show no decrease in bullish momentum, with long demand in perpetual contracts market exceeding short bets

According to a report by Golden Finance, Bloomberg pointed out that although the rise of cryptocurrencies relies on Wall Street's overall risk appetite, 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 weakened, while in the perpetual contract market (a popular way for traders to leverage in the cryptocurrency market), long demand exceeds short bets. Analysts pointed out that Bitcoin's breakthrough in the $119500 to $120000 range and the increase in trading volume reflect sustained buying interest. A sustained breakthrough of $122000 may open a path to $124000 to $125000, but the market is not without flaws. Wall Street underestimated the possibility of Trump returning to a protectionist path, and the escalation of trade tensions may break this situation.