#比特币价格走势 This week's Bitcoin price movement has once again caught my attention. Based on the data, BTC has risen over 7% from November's lows, returning above $90,000. This rally is related to an overall increase in market risk appetite. Notably, stocks, bonds, and commodities markets have also moved higher in tandem, indicating a general flow of funds into risk assets.

Analyzing on-chain data, I observe that large holders (commonly known as "whales") have recently become more active. Fund flow shows that institutional investors are gradually increasing their allocation to cryptocurrencies. This may be related to market expectations of a Fed rate cut in December.

However, we should also be cautious of short-term volatility risks. From a technical perspective, after breaking through key resistance levels, BTC may face some pullback pressure. Investors are advised to watch the recent policy movements of the Federal Reserve and further institutional fund flows, as these factors will influence BTC's medium-term trend.

Overall, the current market sentiment is somewhat optimistic, but caution is still necessary. I will continue to monitor on-chain contract data to provide more basis for judging the future market direction.