Matrixport: Short-term overbought and strong capital inflows boosted Bitcoin's rise. Three important time points in December are worth paying attenti

On November 15th, Matrixport released its weekly report stating that Bitcoin is experiencing a strong upward trend driven by multiple positive factors, including continuous inflow of Bitcoin spot ETF funds, expectations of a Fed rate cut, and improved regulatory environment. Bitcoin's 7-day rolling price increase reached $19,265, setting a new historical high and indicating an unprecedented strength in this rebound. Although the short-term RSI indicator shows overbought conditions and a possible consolidation, the report predicts that cryptocurrencies will break through the 8% adoption rate threshold by 2025, laying the foundation for larger-scale adoption.

The report specifically focuses on three important dates in December: MicroStrategy's possible inclusion in the S&P 500 index on December 6th, Microsoft's review of a Bitcoin investment proposal on December 10th, and the implementation of the new FASB rule on December 15th, allowing companies to measure cryptocurrency assets at fair market value. These events are expected to further drive institutional investor entry.

Looking ahead to 2025, the report predicts that the adoption rate of cryptocurrencies will surpass the key threshold of 8%. In addition, factors such as the improvement in regulatory environment brought about by Trump's inauguration in January 2025 and FTX's expected return of $16.5 billion to creditors will continue to bring positive effects to the Bitcoin market.