The price of Bitcoin on each Pizza Day from 2011 to 2024 provides an insightful reflection of the cryptocurrency’s journey over the past decade. Here's the Bitcoin prices on each Pizza Day from 2011 to 2024:

2024: $70,098
2023: $26,773
2022: $29,492
2021: $37,340
2020: $9,060
2019: $7,958
2018: $8,355
2017: $2,109
2016: $439
2015: $241
2014: $523
2013: $123
2012: $5.10
2011: $6.12

Bitcoin's historical price data and current trends suggest that it will be perceived as a store of wealth. As its acceptance as a digital store of value, akin to "digital gold," demand will continue to grow. Let's look forward to BTC breaking $100,000 together！！！

Bitcoin's total market cap has soared past $1.3 trillion, now sitting at a staggering $1,370,542,241,397. It has surpassed the total market value of the world's four largest banks combined!

BTW, with just two weeks left until Bitcoin's fourth halving, there are only 2,000 blocks remaining. Coinbase's institutional research analyst, David Han, dropped a report yesterday, highlighting Bitcoin's evolving status as digital gold. This increasing acceptance of Bitcoin as a 'digital gold' could potentially attract a fresh wave of investors into the market. This means that more demand brewing in this market ecosystem. So, brace yourselves, folks.  Unlike previous cycles, we might witness a more aggressive buying spree during price pullbacks. Even in the midst of volatility, buyers could be more proactive this time around.

But let's not forget the golden rule of crypto: expect the unexpected. Bitcoin's journey has been nothing short of a rollercoaster ride, and volatility is its middle name. After all, in the world of Bitcoin, one thing's for sure: it's always an exhilarating ride!

According to IntoTheBlock data, since the launch of the spot Bitcoin ETF in January, the weekly net outflow of Bitcoin from exchanges has been consistently increasing. This week, the net outflow reached $540 million, marking the highest amount since June 2023.

This reflects a belief in Bitcoin's potential as a store of value and a hedge against inflation. Long-term holders and institutional investors, in particular, may be taking a more strategic approach to their Bitcoin holdings, viewing them as a strategic asset allocation rather than a short-term speculative investment.

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

Bitcoin's market performance during the Christmas period over the past several years has been as follows:

- 2022: Decrease of 2.7%
- 2021: Decrease of 11.9%
- 2020: Increase of 22.3%
- 2019: Decrease of 1.1%
- 2018: Decrease of 5.3%
- 2017: Increase of 4.1%

Since 2017, over the seven days following Christmas, the probability of a price decrease has been over 66%. This trend indicates a prevalent likelihood of a decline in Bitcoin's value during this particular period. It's noticeable that the market sentiment during Christmas for Bitcoin hasn't exhibited consistent bullish behavior, as evidenced by the majority of the years showing a decline in value or a relatively modest increase.

However, past performance is not indicative of future results, and various factors can influence Bitcoin's price movement beyond historical patterns.

According to the latest data from 8marketcap, Bitcoin's market capitalization has surpassed that of Tesla, now ranking as the 11th largest global asset by market value. Bitcoin's market capitalization is approximately $676.6 billion with a 14.13% increase in the past 24 hours, while Tesla's market capitalization stands at around $673.1 billion with a 0.04% increase in the same period. This sounds crazy.

Per Coinglass data, Grayscale's current total holdings are valued at around $23.592 billion. Notably, the Grayscale Bitcoin Trust Fund (GBTC) sports a discount of 18.97%, while the ETH Trust stands at a 25.26% discount. Additionally, the ETC Trust boasts a 48.20% discount, with the LTC Trust following at a 15.60% discount.