In today's ever-changing financial market, Bitcoin, as an emerging digital asset, is often seen as a safe haven for investors. However, as global economic uncertainty intensifies and extremely bad news frequently hits, many people have doubts about the future of Bitcoin. However, unexpectedly, under the influence of these negative factors, Bitcoin has shown a strong ability to rebound, as if its "explosion" has arrived as expected. This phenomenon has not only attracted the attention of the market, but also made us re-examine the value and potential of Bitcoin.

First, let's take a deep look at how extremely bad news affects the Bitcoin market. In recent years, the global economic situation has fluctuated frequently. Factors such as government policy adjustments, geopolitical conflicts, and financial market instability have had a profound impact on investors' psychology. For example, a country suddenly announced an interest rate hike, which instantly caused panic in the market, causing many investors to sell their assets. However, in this context, Bitcoin's performance was unexpected. Many investors began to regard Bitcoin as a kind of "digital gold", believing that it could provide a value-preserving function in economic turmoil.

The rebound of Bitcoin is not accidental. According to market analysis, many people choose to transfer funds to digital currencies such as Bitcoin to avoid risks after extremely bad news. This trend is fully reflected on social media, and many investors have expressed in discussions that they hope to achieve wealth preservation and appreciation through Bitcoin. It is this change in market demand that has prompted the price of Bitcoin to rise rapidly in a short period of time, even breaking through historical highs.

It is worth noting that Bitcoin's explosive rebound is not just a rise in price, but also a return of market confidence. After experiencing the impact of extremely bad news, investors' trust in Bitcoin has gradually recovered. Many analysts point out that this reconstruction of confidence is closely related to the decentralized nature of Bitcoin. Compared with the traditional financial system, Bitcoin is not controlled by a single institution or government, so it can maintain relative independence during economic crises. This feature makes investors more willing to choose Bitcoin as an investment target when facing uncertainty.

In addition to the recovery of market confidence, Bitcoin's technical foundation also provides strong support for its rebound. In recent years, the transaction speed and security of the Bitcoin network have continued to improve, which has made more and more merchants and users willing to accept Bitcoin as a means of payment. For example, a large e-commerce platform announced that it would support Bitcoin payments after the release of extremely bad news. This move not only attracted the attention of a large number of Bitcoin holders, but also further promoted the expansion of Bitcoin's usage scenarios. As more and more companies begin to accept Bitcoin, the market's recognition of its value has also increased.

Of course, we also see some potential risks in the rebound of Bitcoin. For example, the market volatility is still very high, and investors may ignore the value of long-term investment while chasing short-term profits. In addition, changes in regulatory policies may also have an impact on the Bitcoin market. The tightening of digital currency regulation in some countries may lead to increased market uncertainty. Therefore, investors still need to be cautious and reasonably assess risks when participating in Bitcoin investment.

After extremely bad news, the rebound of Bitcoin actually provides us with an opportunity to think. It is not just a price fluctuation, but also a reflection of market psychology and investor behavior. In this case, we need to understand the value and potential of Bitcoin more deeply. As an emerging asset class, Bitcoin is gradually being accepted by more and more people. Whether as an investment tool or as a means of payment, Bitcoin has shown strong vitality.

Finally, as the market continues to develop, the prospects for Bitcoin remain promising. Although there may be some challenges in the short term, Bitcoin still has good growth potential in the long run. Investors should enrich their knowledge reserves while keeping an eye on market dynamics so that they can make wise decisions at the right time.

In short, after extremely bad news, Bitcoin's rebound is not only a reflection of the market's resilience, but also a return of investors' confidence in the future. By deeply analyzing this phenomenon, we can better understand the importance and potential of Bitcoin in today's economic environment. Facing the future, we should keep an open mind and actively explore the opportunities and challenges brought by Bitcoin and other digital assets.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Last week's US election disturbed the global financial market. The prices of many assets fluctuated dramatically with the changes in the election situation. The price of Bitcoin was particularly spectacular. After Biden's comeback, the price of Bitcoin began to rise rapidly and continued to break through upwards, reaching 15,985 on the morning of November 6.
USD/coin, approaching USD 16,000/coin, setting a new high in nearly two years - second only to the peak of the bull market in 2017.
The cryptocurrency community is celebrating Bitcoin. Despite the backdrop of the US election, some investors pointed out that part of the momentum behind this round of Bitcoin price increases comes from the "lock-up game."
Lock-up game: "Domestic exchanges cannot withdraw coins, which is equivalent to locking up positions in disguise." said an individual investor.
On October 16, 2020, OKEx, a large domestic exchange, announced the suspension of withdrawals, and withdrawals have not been allowed to resume to date. Glassnode data shows that the balance of BTC wallets on the OKEx chain increased by 14,000 coins per week from October 26 to November 1, a month-on-month increase of 690%. Chain.info data shows that OKEx's hot wallet saw a large inflow on November 2, with more than 50 million BTC flowing in. After November 3, the net inflow of OKEx wallets turned from positive to negative.
After OKEx announced the suspension of trading, rumors of executives missing were also reported. Earlier in October, BitMEX was accused by the U.S. Commodity Futures Trading Commission of causing a market plunge.
"When all the bad news is out, it means good news is coming. For example, the Mentougou incident that year, and the 1994 regulatory storm, followed by a bull market." said the investor.
Ann, Chief Strategist of Qianfeng Capital
Hsu believes that the main factor for the current rise in Bitcoin is the realization of the halving effect, but the factor of institutional investors' continuous increase in positions should also be considered. "According to past observations, the halving effect usually occurs within one year after the halving. When the halving occurs, there are still existing stocks in circulation in the market. After the halving, this part of the circulating stock can still support market demand for a period of time. However, with the marginal decline in supply and the marginal increase in demand, the increase in demand this year includes Grayscale, European and American listed companies, PayPal, Square
cash
The allocation needs of institutional investors, mainly apps, will reduce the circulating stock. When the demand continues to increase and the circulating stock continues to decrease, it can only be compensated by price increases. The coins in the OKEx exchange are essentially part of the circulating stock mentioned here. The suspension of withdrawals has actually accelerated the reduction of the circulating stock in the market.
Depreciation drives BTC price up relatively
It is worth noting that the depreciation of USDT will also lead to a relative increase in the price of BTC, which is not difficult to understand from the perspective of exchange rates.
In mid-October, USDT depreciated by 14%, but BTC surged to $7,600. At the same time, the USD/RMB depreciated by nearly 10.4%.
Although this round of BTC's increase was eye-catching during the US election in November this month, if the previous rebound is not taken into account, Bitcoin has begun to rise continuously since July this year and has set new highs for the year. The price of USDT has continued to fall since July this year, and the US dollar against the offshore RMB began to fall after May and broke 7 in early August.