There is one more week to go until the end of the year, but already the situation is very clear. Bitcoin is one of the best performing asset of 2023.  If last year was the year of the correction, this year has been the year of the recovery. As of today BTC is up 165% and it is not even close to having reclaim its all-time high. Also the halving is coming up and you can bet that the BlackRock of the world are pushing hard to get those spot Bitcoin ETFs approved before that.

Skew stated on social media that BTC's cumulative CVD and Delta spot CVD continue to rise, but the price is difficult to maintain at a high level. This situation occurs when the spot buyers appear to sell at a limited price. Therefore, to make the current selling control ineffective, the price needs to recover to $43,000 with sufficient spot bids, which will be a market dominated by spot limit buy orders and buyers. Currently, the spot trading volume on Binance is declining, and the spot receiver's bid for spot CVD is clear. With the decrease in trading volume, the bid increment continues to increase, which means that the bull market needs more limit spot orders to better push up and regain control of the price. So far, the order volume is still greater than the supply.

Analysis by Bitcoin credit card company Bold, as of December, Bitcoin has successfully entered the top 15 currencies in the world, becoming the only cryptocurrency in the top 20 currencies in the world. According to data from CEIC and CoinGecko, as of November 19, the market value of Bitcoin has reached 732.5 billion US dollars.

According to a popular crypto strategist, Bitcoin and Ethereum may be heading towards a significant correction. The strategist, who uses the Elliott Wave theory to predict future price action, believes that both cryptocurrencies are currently in the midst of an ABC corrective pattern. The analyst suggests that BTC and ETH may be positioning for the last leg down of the pattern, and shares a chart showing BTC potentially pulling back to $39,000 and ETH dropping to $2,000. The strategist advises caution and recommends monitoring the situation over the next few weeks.

According to Coinglass platform data, the current open position of Bitcoin exceeds $19.3 billion, of which CME accounts for the largest proportion, at $5.27 billion; Binance Exchange ranks second, at $4.427 billion; and Bybit ranks third, at $3.245 billion.

According to WhaleAlert monitoring, at around 17:33 Beijing time, 992 BTC ($42,817,103) was transferred from Coinbase to an unknown new wallet.

As I’ve noted many times in the past, backing your bitcoin wallet with a fully validating node gives you the strongest security model and privacy model that is available to Bitcoin users. Five years ago I started running an annual comprehensive comparison of various implementations to see how well they performed full blockchain validation. Now it's time to see what has changed over the past year!

According to data from BTC.com, there are currently 201,508 unconfirmed transactions on the Bitcoin network, with a total network hashrate of 505.57EH/s and a 24-hour transaction rate of 7.78 transactions/s. The current network difficulty is 67.31T, and the next difficulty adjustment is predicted to increase by 2.20% to 68.79T, with 5 days and 19 hours until the adjustment.

According to Coinglass data, the total open positions of Bitcoin futures contracts on the entire network are 437,670 BTC (approximately $19.22 billion). Among them, the open positions of CME Bitcoin contracts are 120,540 BTC (approximately $5.29 billion), ranking first. The open positions of Binance Bitcoin contracts are 101,490 BTC (approximately $4.46 billion), ranking second.

Fox Business host Charles Payne believes that as long as the US government does not crack down on Bitcoin, the price of Bitcoin may reach $1 million someday in the future. Payne explained that unlike Bitcoin, stocks allow shareholders to access "great companies" and participate in building the capitalist system that supports the United States. However, Bitcoin may have greater potential for growth and could reach $1 million; it also has the ability to completely change the overbearing (US) government intervention. If citizens refuse to accept CBDC due to privacy or trust issues, Payne is concerned that the government may force them to use it. Charles Payne said: "I hope to see Bitcoin succeed, and I believe it will eventually succeed. It has universal potential to change the world and help those who are currently in hopeless situations." (Cryptopotato)