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Did this one factor change ‘balance of the whole ecosystem’ for Bitcoin
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As the market nears the end of a stormy year, experts and influencers are split as to whether Bitcoin will enter a bull or a bear market next year.
To get a more detailed idea, What Bitcoin Did host Peter McCormack checked in with on-chain analyst Willy Woo to ask about price performance and future trends.
McCormack was quick to ask Woo about Bitcoin’s latest all time high of $67,000 and wondered if he had seen it coming. Woo confirmed he did, but expressed surprise at the flagship coin’s recent price performance. Woo said,
“I didn’t think it would come back and smash through the, you know, below 60 [thousand dollars]. So that was [a] surprise…it’s so overbought right now it’s crazy.”
Woo pointed to Bitcoin Futures ETF as a cause for the price
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