BTCUSDT is currently experiencing stability within the price channel, indicating that Samson's previous prediction of a price increase without any significant breakthrough below still holds true. This trend is helping to keep the electronic market at a high threshold and potentially paving the way for it to surpass $40,000 in the near future.
Furthermore, there are speculations among some members that the large whale in the market may be associated with a company that has registered Bitcoin Spot ETF. However, there is no definitive information available on this matter.
If Bitcoin SPOT ETF gets approved, asset managers will be mandated to possess and securely store substantial amounts of Bitcoin.