#BTC 🚀 The price of BTC is approaching the 100,000 mark, and the community appreciates the push from shorts and non-believers!

Shortly after the news of Trump's election as president came out, the cryptocurrency market skyrocketed, with prices of all major assets reaching new highs.

Bitcoin is undoubtedly the protagonist of this frenzy, with the price soaring from below $70,000 before the election to $99,800 now, a surge of over 40% since Trump was elected!
Behind this amazing surge, the most followed reason is the SpotBTCETF in the United States. These funds were launched in January this year, and there has been a positive inflow of funds. In the first week after the election, they attracted nearly $5 billion in a frenzy.
Although there was a net outflow of $770 million on November 14th and 15th, investors' overall enthusiasm remains undiminished. In the past five days, there has been a frenzy of buying, with a net inflow of approximately $3.38 billion for the week. BlackRock's iShares iBoxx $ Investment Grade Corporate Bond ETF alone saw a net weekly inflow of $2.05 billion.
Santiment pointed out that community members often share information about reverse trading in the market on social media channels, but the price performance is often contrary to expectations, which instead leads to further pump in BTC price.
Analysis of this suggests that, contrary to the expectations of most people in the cryptocurrency market, thanks to the bearish sentiment and non-believers, BTC has maintained this historical trend in the market.

However, the coveted milestone of Bitcoin reaching $100,000 was ignited by the 2021 'laser eye movement', when it was so close yet so far away.
In the early hours of today, BTC was only 0.5% away from reaching the key level of $100,000, but after reaching $99,800, BTC has retreated by about $1,300. This has also raised a common market follow-up question: when will the final sprint arrive, or will it arrive at all?

The latest data shows that the fear of missing out (FOMO) among market participants remains at a low level, which is often seen as a signal that the market may further pump. However, the fear and greed index clearly leans towards greed, which may indicate that a market correction is imminent.

At present, all investors and observers can do is wait patiently to see if this BTC frenzy will continue.
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