Glassnode platform analysts stated that the catalyst for further growth of Bitcoin after the US elections will not be the new economic policy of Donald Trump, who won the election, but the influx of fresh capital.
According to experts, since the beginning of November, investors have seen a growing propensity to take risks and traders have increasingly taken profits in the market. Over the past 30 days, the realized capitalization of digital gold has increased by 3,8% to a record $656 billion. This is one of the highest increases since January 2023.
There is currently a structural increase in profit taking profits, which indicates a new wave of demand in the crypto market, which in the medium term will lead to a complete reboot, analysts said.
According to their information, a jump in open interest was registered Bitcoin -options up to $25,2 billion (as of November 5). The previous peak of $30,2 billion was recorded in March 2024.
The influx of capital into the Bitcoin market will allow the first cryptocurrency to maintain a key support level of $70 and in the future to overcome the $000 mark.
If the actions of the new White House administration trigger a recession in the US economy, then investors will prefer to invest in safer assets than in cryptocurrencies.
