Bitcoin ti&#7871;n t&#7899;i d&#7883;p Gi&aacute;ng sinh n&#259;m 2025 trong m&#7897;t t&igrave;nh tr&#7841;ng c&oacute; ph&#7847;n mong manh nh&#432;ng c&#361;ng r&#7845;t th&uacute; v&#7883;. Gi&aacute; hi&#7879;n giao d&#7883;ch quanh m&#7913;c 93,000 USD sau nhi&#7873;u tu&#7847;n ch&#7883;u &aacute;p l&#7921;c. B&#7889;n bi&#7875;u &#273;&#7891; quan tr&#7885;ng cho th&#7845;y th&#7883; tr&#432;&#7901;ng &#273;ang &#7903; giai &#273;o&#7841;n cu&#7889;i c&#7911;a chu k&#7923; &#273;i&#7873;u ch&#7881;nh, nh&#432;ng v&#7851;n ch&#432;a c&oacute; t&iacute;n hi&#7879;u r&otilde; r&agrave;ng b&aacute;o hi&#7879;u xu h&#432;&#7899;ng t&#259;ng m&#7841;nh.
D&#7919; li&#7879;u cho th&#7845;y c&oacute; ba y&#7871;u t&#7889; l&#7899;n &#273;ang chi ph&#7889;i th&#7883; tr&#432;&#7901;ng. Nh&#7919;ng nh&agrave; &#273;&#7847;u t&#432; mua g&#7847;n &#273;&acirc;y &#273;ang ch&#7883;u l&#7895; n&#7863;ng, trong khi nh&#7919;ng &ldquo;c&aacute; voi&rdquo; m&#7899;i c&#361;ng &#273;ang b&aacute;n th&aacute;o. C&aacute;c &#273;i&#7873;u ki&#7879;n v&#297; m&ocirc; v&#7851;n l&agrave; y&#7871;u t&#7889; ch&iacute;nh quy&#7871;t &#273;&#7883;nh gi&aacute;, d&ugrave; l&#7921;c mua l&ecirc;n t&#7841;i th&#7883; tr&#432;&#7901;ng giao ngay &#273;ang d&#7847;n quay tr&#7903; l&#7841;i m&#7897;t c&aacute;ch &acirc;m th&#7847;m.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-short-term-bitcoin-holders-are-in-deep-pain">Nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; n&#7855;m gi&#7919; Bitcoin ng&#7855;n h&#7841;n &#273;ang ch&#7883;u thua l&#7895; n&#7863;ng</h2>

Bi&#7875;u &#273;&#7891; &#273;&#7847;u ti&ecirc;n theo d&otilde;i d&#7919; li&#7879;u <a href="https://vn.beincrypto.com/bitcoin-price-prediction-4-percent-breakout-bullish-metrics/" target="_blank" rel="noreferrer noopener">l&atilde;i/l&#7895; th&#7921;c t&#7871; c&#7911;a nh&oacute;m holder ng&#7855;n h&#7841;n (STH)</a>. &#272;&acirc;y l&agrave; nh&oacute;m nh&#7919;ng coin &#273;&#432;&#7907;c mua trong v&agrave;i th&aacute;ng g&#7847;n &#273;&acirc;y. &ldquo;Gi&aacute; th&#7921;c t&#7871;&rdquo; c&#7911;a h&#7885; l&agrave; gi&aacute; trung b&igrave;nh &#273;&atilde; mua nh&#7919;ng coin n&agrave;y.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/8nT2rAo7PcnArBC6GK8x6NYLW5Y=/smart/c35ca0154f0b42a4b4b9424cbc366bce" alt="" class="wp-image-781561">L&atilde;i/l&#7895; th&#7921;c t&#7871; c&#7911;a holder ng&#7855;n h&#7841;n Bitcoin. Ngu&#7891;n: CryptoQuant

&#272;&#7847;u n&#259;m 2025, c&aacute;c STH t&#7915;ng c&oacute; l&#7907;i nhu&#7853;n kh&aacute; cao. &#7902; th&#7901;i &#273;i&#7875;m &#273;&oacute;, v&#7883; th&#7871; trung b&igrave;nh c&#7911;a h&#7885; c&oacute; l&atilde;i t&#7915; 15&ndash;20% khi gi&aacute; Bitcoin t&#259;ng m&#7841;nh. Giai &#273;o&#7841;n n&agrave;y &#273;&atilde; khuy&#7871;n kh&iacute;ch nhi&#7873;u ng&#432;&#7901;i ch&#7889;t l&#7901;i v&agrave; t&#7841;o &aacute;p l&#7921;c b&aacute;n quanh v&ugrave;ng gi&aacute; &#273;&#7881;nh.
Nh&#432;ng gi&#7901; &#273;&acirc;y, t&igrave;nh h&igrave;nh &#273;&atilde; ng&#432;&#7907;c l&#7841;i. <a href="https://vn.beincrypto.com/silver-all-time-high-crypto-underperforms-2025/" target="_blank" rel="noreferrer noopener">Bitcoin hi&#7879;n &#273;ang giao d&#7883;ch d&#432;&#7899;i gi&aacute; th&#7921;c t&#7871; c&#7911;a nh&oacute;m STH</a>, v&agrave; nh&oacute;m n&agrave;y &#273;ang l&#7895; kho&#7843;ng -10%. Tr&ecirc;n bi&#7875;u &#273;&#7891;, c&#7897;t histogram chuy&#7875;n sang m&agrave;u &#273;&#7887; &#273;&#7853;m, cho th&#7845;y &#273;&acirc;y l&agrave; m&#7897;t trong nh&#7919;ng giai &#273;o&#7841;n l&#7895; s&acirc;u nh&#7845;t n&#259;m 2025.
&#272;i&#7873;u n&agrave;y k&eacute;o theo hai h&#7879; qu&#7843;.
Trong ng&#7855;n h&#7841;n, nh&#7919;ng holder &#273;ang l&#7895; th&#432;&#7901;ng tranh th&#7911; b&aacute;n khi gi&aacute; c&oacute; nh&#7883;p h&#7891;i. Nhi&#7873;u ng&#432;&#7901;i ch&#7881; mu&#7889;n b&aacute;n ra t&#7841;i gi&aacute; h&ograve;a v&#7889;n, &#273;i&#7873;u n&agrave;y l&agrave;m cho c&aacute;c &#273;&#7907;t ph&#7909;c h&#7891;i b&#7883; c&#7843;n l&#7841;i khi gi&aacute; ti&#7871;n &#273;&#7871;n v&ugrave;ng mua v&agrave;o c&#7911;a h&#7885;.
Tuy nhi&ecirc;n, nh&#7919;ng v&ugrave;ng l&#7895; s&acirc;u v&agrave; k&eacute;o d&agrave;i nh&#432; v&#7853;y th&#432;&#7901;ng ch&#7881; xu&#7845;t hi&#7879;n v&agrave;o cu&#7889;i c&aacute;c giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh l&#7899;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y nh&#7919;ng ng&#432;&#7901;i &ldquo;y&#7871;u tay&rdquo; &#273;&atilde; ch&#7883;u thi&#7879;t h&#7841;i l&#7899;n v&agrave; nhi&#7873;u kh&#7843; n&#259;ng &#273;&atilde; b&aacute;n h&#7871;t.
&#272;&#7871;n m&#7897;t th&#7901;i &#273;i&#7875;m n&agrave;o &#273;&oacute;, l&#7921;c b&aacute;n t&#7915; nh&oacute;m n&agrave;y s&#7869; c&#7841;n ki&#7879;t d&#7847;n.
Theo th&#7889;ng k&ecirc; l&#7883;ch s&#7917;, t&iacute;n hi&#7879;u &#273;&#7843;o chi&#7873;u quan tr&#7885;ng th&#432;&#7901;ng xu&#7845;t hi&#7879;n khi gi&aacute; v&#432;&#7907;t l&ecirc;n l&#7841;i tr&ecirc;n gi&aacute; th&#7921;c t&#7871; c&#7911;a STH t&#7915; ph&iacute;a d&#432;&#7899;i. Khi &#273;i&#7873;u n&agrave;y x&#7843;y ra c&oacute; ngh&#297;a h&#7847;u h&#7871;t l&#7921;c b&aacute;n &eacute;p bu&#7897;c &#273;&atilde; h&#7871;t, b&ecirc;n mua m&#7899;i &#273;&atilde; h&#7845;p th&#7909; h&#7871;t ngu&#7891;n cung &#273;&oacute;.
Cho &#273;&#7871;n khi c&oacute; t&iacute;n hi&#7879;u n&agrave;y, <a href="https://vn.beincrypto.com/bitcoin-bullish-trend-recovery-december-2025/" target="_blank" rel="noreferrer noopener">bi&#7875;u &#273;&#7891; v&#7851;n cho th&#7845;y th&#7883; tr&#432;&#7901;ng n&ecirc;n c&#7849;n tr&#7885;ng</a> v&agrave; s&#7869; c&ograve;n &#273;i ngang quanh v&ugrave;ng gi&aacute; hi&#7879;n t&#7841;i.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-new-bitcoin-whales-just-surrendered">C&aacute; voi Bitcoin m&#7899;i v&#7915;a &ldquo;&#273;&#7847;u h&agrave;ng&rdquo;</h2>

Bi&#7875;u &#273;&#7891; th&#7913; hai cho th&#7845;y l&atilde;i/l&#7895; th&#7921;c t&#7871; theo t&#7915;ng nh&oacute;m c&aacute; voi. S&#7889; li&#7879;u ph&acirc;n t&aacute;ch d&ograve;ng ti&#7873;n gi&#7919;a &ldquo;c&aacute; voi m&#7899;i&rdquo; v&agrave; &ldquo;c&aacute; voi c&#361;&rdquo;. C&aacute; voi m&#7899;i l&agrave; nh&#7919;ng ng&#432;&#7901;i mua s&#7889; l&#432;&#7907;ng l&#7899;n Bitcoin g&#7847;n &#273;&acirc;y.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/DV5Z8q5cXi34Uvl7G_mSTBepLHY=/smart/0a9bbb96bd2d43959428a4bed6833ccd" alt="" class="wp-image-781559">L&#7907;i nhu&#7853;n th&#7921;c t&#7871; c&#7911;a c&aacute;c c&aacute; voi Bitcoin k&#7875; t&#7915; 11/2025. Ngu&#7891;n: <a href="https://cryptoquant.com/community/dashboard/680fb4341babdc65a682e852?my-friend=p3nnmky7" target="_blank" rel="noreferrer noopener nofollow">CryptoQuant</a>

H&ocirc;m qua, c&aacute;c c&aacute; voi m&#7899;i &#273;&atilde; ch&#7889;t l&#7895; 386 tri&#7879;u USD ch&#7881; trong m&#7897;t ng&agrave;y. C&#7897;t d&#7919; li&#7879;u c&#7911;a h&#7885; tr&ecirc;n bi&#7875;u &#273;&#7891; xu&#7845;t hi&#7879;n m&#7897;t c&uacute; s&#7909;t gi&#7843;m r&#7845;t l&#7899;n. Ngo&agrave;i ra c&oacute; m&#7897;t s&#7889; c&#7897;t l&#7895; l&#7899;n kh&aacute;c c&#361;ng xu&#7845;t hi&#7879;n quanh v&ugrave;ng &#273;&aacute;y g&#7847;n &#273;&acirc;y.
C&aacute; voi c&#361; th&igrave; l&#7841;i kh&aacute;c. L&#7907;i nhu&#7853;n v&agrave; thua l&#7895; c&#7911;a h&#7885; nh&#7887; h&#417;n, c&acirc;n b&#7857;ng h&#417;n. H&#7885; kh&ocirc;ng b&aacute;n m&#7841;nh v&agrave; th&aacute;o ch&#7841;y nh&#432; nh&oacute;m c&aacute; voi m&#7899;i.
Xu h&#432;&#7899;ng n&agrave;y th&#432;&#7901;ng xu&#7845;t hi&#7879;n v&agrave;o <a href="https://vn.beincrypto.com/bitcoin-price-prediction-108500-failure-two-reasons/" target="_blank" rel="noreferrer noopener">cu&#7889;i c&aacute;c giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh</a>. C&aacute; voi m&#7899;i th&#432;&#7901;ng mua v&agrave;o &#7903; gi&aacute; cao, &#273;&ocirc;i khi s&#7917; d&#7909;ng &#273;&ograve;n b&#7849;y ho&#7863;c b&#7883; cu&#7889;n theo c&acirc;u chuy&#7879;n t&#259;ng gi&aacute;. Khi th&#7883; tr&#432;&#7901;ng &#273;i ng&#432;&#7907;c k&#7923; v&#7885;ng, h&#7885; ch&iacute;nh l&agrave; nh&#7919;ng ng&#432;&#7901;i &#273;&#7847;u ti&ecirc;n b&aacute;n th&aacute;o.
Vi&#7879;c b&aacute;n th&aacute;o n&agrave;y th&#7853;t ra c&oacute; l&#7907;i cho th&#7883; tr&#432;&#7901;ng v&#7873; d&agrave;i h&#7841;n. Coin s&#7869; chuy&#7875;n t&#7915; tay nh&#7919;ng nh&agrave; &#273;&#7847;u t&#432; l&#7899;n y&#7871;u t&acirc;m l&yacute; sang c&aacute;c holder m&#7841;nh h&#417;n ho&#7863;c c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;. Sau nh&#7919;ng &#273;&#7907;t b&aacute;n th&aacute;o, &aacute;p l&#7921;c b&aacute;n t&#7915; nh&oacute;m n&agrave;y c&#361;ng gi&#7843;m &#273;i &#273;&aacute;ng k&#7875;.
Trong ng&#7855;n h&#7841;n, nh&#7919;ng &#273;&#7907;t b&aacute;n m&#7841;nh nh&#432; v&#7853;y v&#7851;n c&oacute; th&#7875; khi&#7871;n gi&aacute; gi&#7843;m ti&#7871;p. Nh&#432;ng v&#7873; trung h&#7841;n, &#273;i&#7873;u n&agrave;y s&#7869; n&acirc;ng cao ch&#7845;t l&#432;&#7907;ng c&#7911;a c&aacute;c holder Bitcoin hi&#7879;n t&#7841;i.
Th&#7883; tr&#432;&#7901;ng s&#7869; &#7893;n &#273;&#7883;nh v&agrave; v&#7919;ng v&agrave;ng h&#417;n sau khi c&aacute;c nh&agrave; &#273;&#7847;u t&#432; l&#7899;n ho&#7843;ng lo&#7841;n &#273;&atilde; b&aacute;n ra h&#7871;t.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-real-interest-rates-still-steer-bitcoin">L&atilde;i su&#7845;t th&#7921;c v&#7851;n &#7843;nh h&#432;&#7903;ng &#273;&#7871;n Bitcoin</h2>

Bi&#7875;u &#273;&#7891; th&#7913; ba k&#7871;t h&#7907;p gi&#7919;a Bitcoin v&agrave; l&#7907;i su&#7845;t th&#7921;c c&#7911;a tr&aacute;i phi&#7871;u M&#7929; k&#7923; h&#7841;n 2 n&#259;m (theo h&#432;&#7899;ng ng&#432;&#7907;c l&#7841;i). L&#7907;i su&#7845;t th&#7921;c l&agrave; l&atilde;i su&#7845;t sau khi &#273;&atilde; tr&#7915; l&#7841;m ph&aacute;t. Hai ch&#7881; s&#7889; n&agrave;y g&#7847;n nh&#432; di chuy&#7875;n c&ugrave;ng chi&#7873;u v&#7899;i nhau trong n&#259;m 2025.
Khi l&#7907;i su&#7845;t th&#7921;c gi&#7843;m, &#273;&#432;&#7901;ng bi&#7875;u &#273;&#7891; &#273;&#7843;o chi&#7873;u t&#259;ng l&ecirc;n. Bitcoin th&#432;&#7901;ng s&#7869; t&#259;ng c&ugrave;ng l&uacute;c v&#7899;i n&oacute; nh&#7901; thanh kho&#7843;n c&#7843;i thi&#7879;n. L&#7907;i su&#7845;t th&#7921;c gi&#7843;m c&#361;ng khi&#7871;n c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro nh&#432; Bitcoin h&#7845;p d&#7851;n h&#417;n so v&#7899;i c&aacute;c lo&#7841;i tr&aacute;i phi&#7871;u an to&agrave;n.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/NJOsGgRspCsgqxNkvlPE-QGBoHQ=/smart/3d81d38028f941b3b484020d4566896e" alt="" class="wp-image-781560">So s&aacute;nh &#273;&#432;&#7901;ng l&#7907;i su&#7845;t th&#7921;c tr&aacute;i phi&#7871;u 2 n&#259;m (&#273;&#7843;o chi&#7873;u) v&agrave; Bitcoin

K&#7875; t&#7915; cu&#7889;i m&ugrave;a h&egrave;, l&#7907;i su&#7845;t th&#7921;c l&#7841;i t&#259;ng l&ecirc;n. &#272;&#432;&#7901;ng bi&#7875;u &#273;&#7891; &#273;&#7843;o chi&#7873;u b&#7855;t &#273;&#7847;u &#273;i xu&#7889;ng, Bitcoin c&#361;ng gi&#7843;m theo. &#272;i&#7873;u n&agrave;y cho th&#7845;y c&aacute;c y&#7871;u t&#7889; v&#297; m&ocirc; v&#7851;n l&agrave; &#273;&#7897;ng l&#7921;c ch&iacute;nh cho xu h&#432;&#7899;ng gi&aacute;.
<a href="https://vn.beincrypto.com/fed-rate-cut-25bps-guidance-uncertainty-january-2026/">Vi&#7879;c C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang M&#7929; (Fed) c&#7855;t gi&#7843;m l&atilde;i su&#7845;t</a> c&oacute; th&#7875; ch&#432;a &#273;&#7911; &#273;&#7875; thay &#273;&#7893;i t&igrave;nh h&igrave;nh. &#272;i&#7873;u quan tr&#7885;ng l&agrave; th&#7883; tr&#432;&#7901;ng &#273;&aacute;nh gi&aacute; nh&#432; th&#7871; n&agrave;o v&#7873; chi ph&iacute; vay th&#7921;c t&#7871; trong t&#432;&#417;ng lai. N&#7871;u k&#7923; v&#7885;ng l&#7841;m ph&aacute;t gi&#7843;m nhanh h&#417;n l&atilde;i su&#7845;t danh ngh&#297;a, l&#7907;i su&#7845;t th&#7921;c c&oacute; th&#7875; c&ograve;n t&#259;ng l&ecirc;n.
V&#7899;i Bitcoin, m&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; b&#7873;n v&#7919;ng ch&#7881; c&oacute; th&#7875; di&#7877;n ra n&#7871;u &#273;i&#7873;u ki&#7879;n th&#7921;c t&#7871; tr&#7903; n&ecirc;n d&#7877; d&agrave;ng h&#417;n. Khi th&#7883; tr&#432;&#7901;ng tr&aacute;i phi&#7871;u ch&#432;a ph&#7843;n &aacute;nh s&#7921; thay &#273;&#7893;i n&agrave;y, c&aacute;c &#273;&#7907;t t&#259;ng c&#7911;a Bitcoin v&#7851;n s&#7869; g&#7863;p ph&#7843;i l&#7921;c c&#7843;n t&#7915; y&#7871;u t&#7889; v&#297; m&ocirc;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-spot-taker-buyers-are-stepping-back-in">Ng&#432;&#7901;i mua spot taker &#273;ang quay tr&#7903; l&#7841;i</h2>

Bi&#7875;u &#273;&#7891; th&#7913; t&#432; theo d&otilde;i CVD Taker Spot 90 ng&agrave;y tr&ecirc;n c&aacute;c s&agrave;n giao d&#7883;ch l&#7899;n. Ch&#7881; s&#7889; CVD &#273;o kh&#7889;i l&#432;&#7907;ng r&ograve;ng c&#7911;a c&aacute;c l&#7879;nh th&#7883; tr&#432;&#7901;ng giao d&#7883;ch qua m&#7913;c gi&aacute; mua-b&aacute;n.
Ch&#7881; s&#7889; n&agrave;y cho th&#7845;y b&ecirc;n mua ho&#7863;c b&ecirc;n b&aacute;n quy&#7871;t li&#7879;t &#273;ang chi&#7871;m &#432;u th&#7871; tr&ecirc;n th&#7883; tr&#432;&#7901;ng.
Trong nhi&#7873;u tu&#7847;n khi gi&aacute; gi&#7843;m, xu h&#432;&#7899;ng l&agrave; b&ecirc;n b&aacute;n Taker chi&#7871;m &#432;u th&#7871;. C&aacute;c c&#7897;t &#273;&#7887; ph&#7911; k&iacute;n bi&#7875;u &#273;&#7891; khi ng&#432;&#7901;i b&aacute;n li&ecirc;n t&#7909;c &#273;&#7863;t l&#7879;nh b&aacute;n m&#7841;nh tr&ecirc;n th&#7883; tr&#432;&#7901;ng spot. &#272;i&#7873;u n&agrave;y ph&ugrave; h&#7907;p v&#7899;i xu h&#432;&#7899;ng gi&aacute; gi&#7843;m ch&#7853;m k&eacute;o d&agrave;i.
Nh&#432;ng hi&#7879;n t&iacute;n hi&#7879;u &#273;&atilde; &#273;&#7843;o chi&#7873;u. Ch&#7881; s&#7889; n&agrave;y v&#7915;a chuy&#7875;n sang b&ecirc;n mua Taker chi&#7871;m &#432;u th&#7871;, c&aacute;c c&#7897;t xanh b&#7855;t &#273;&#7847;u xu&#7845;t hi&#7879;n tr&#7903; l&#7841;i. T&#7913;c l&agrave; l&uacute;c n&agrave;y, nh&#7919;ng ng&#432;&#7901;i mua m&#7841;nh &#273;ang nhi&#7873;u h&#417;n ng&#432;&#7901;i b&aacute;n m&#7841;nh tr&ecirc;n c&aacute;c s&agrave;n spot.
&#272;&acirc;y l&agrave; thay &#273;&#7893;i s&#7899;m nh&#432;ng r&#7845;t &#273;&aacute;ng ch&uacute; &yacute;. C&aacute;c &#273;&#7907;t &#273;&#7843;o chi&#7873;u xu h&#432;&#7899;ng th&#432;&#7901;ng b&#7855;t &#273;&#7847;u t&#7915; nh&#7919;ng thay &#273;&#7893;i nh&#7887; v&#7873; h&agrave;nh vi giao d&#7883;ch nh&#432; th&#7871; n&agrave;y.&#272;&#7847;u ti&ecirc;n l&agrave; b&ecirc;n mua v&agrave;o, sau &#273;&oacute; gi&aacute; &#7893;n &#273;&#7883;nh l&#7841;i, r&#7891;i m&#7899;i &#273;&#7871;n nh&#7919;ng d&ograve;ng ti&#7873;n l&#7899;n h&#417;n tham gia.
Ch&#7881; m&#7897;t ng&agrave;y d&#7919; li&#7879;u l&agrave; ch&#432;a &#273;&#7911;. Tuy v&#7853;y, n&#7871;u th&#7845;y xu h&#432;&#7899;ng c&aacute;c c&#7897;t xanh duy tr&igrave;, &#273;i&#7873;u &#273;&oacute; x&aacute;c nh&#7853;n l&#7921;c c&#7847;u th&#7921;c s&#7921; &#273;&atilde; quay l&#7841;i. &#272;i&#7873;u n&agrave;y th&#7875; hi&#7879;n <a href="https://vn.beincrypto.com/standard-chartered-sounds-alarm-a-major-bitcoin-buyer-has-disappeared/" target="_blank" rel="noreferrer noopener">th&#7883; tr&#432;&#7901;ng spot &#273;ang h&#7845;p th&#7909; l&#432;&#7907;ng cung</a> t&#7915; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; ng&#7855;n h&#7841;n v&agrave; c&aacute;c c&aacute; voi l&#7899;n b&aacute;n th&aacute;o.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-it-all-means-for-bitcoin-price-heading-into-christmas">&#272;i&#7873;u n&agrave;y c&oacute; &yacute; ngh&#297;a g&igrave; v&#7899;i gi&aacute; Bitcoin khi chu&#7849;n b&#7883; &#273;&#7871;n Gi&aacute;ng sinh</h2>

N&#7871;u xem c&ugrave;ng l&uacute;c b&#7889;n bi&#7875;u &#273;&#7891;, c&oacute; th&#7875; th&#7845;y &#273;&acirc;y l&agrave; m&#7897;t giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh cu&#7889;i ch&#7913; ch&#432;a ph&#7843;i l&agrave; m&#7897;t th&#7883; tr&#432;&#7901;ng t&#259;ng gi&aacute; m&#7899;i.
Nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; v&agrave; c&aacute;c c&aacute; voi m&#7899;i &#273;ang ch&#7883;u l&#7895; n&#7863;ng, h&#7885; v&#7851;n c&oacute; xu h&#432;&#7899;ng b&aacute;n ra khi gi&aacute; h&#7891;i nh&#7865;. Trong khi &#273;&oacute;, l&atilde;i su&#7845;t th&#7921;c l&#7899;n v&#7851;n khi&#7871;n t&acirc;m l&yacute; ch&#7845;p nh&#7853;n r&#7911;i ro b&#7883; h&#7841;n ch&#7871; tr&ecirc;n th&#7883; tr&#432;&#7901;ng chung.
Tuy nhi&ecirc;n, c&#361;ng b&#7855;t &#273;&#7847;u xu&#7845;t hi&#7879;n m&#7897;t s&#7889; y&#7871;u t&#7889; cho kh&#7843; n&#259;ng h&#7891;i ph&#7909;c. C&aacute;c c&aacute; voi m&#7899;i b&aacute;n th&aacute;o l&agrave;m cho c&#7845;u tr&uacute;c nh&agrave; &#273;&#7847;u t&#432; l&agrave;nh m&#7841;nh h&#417;n.
C&aacute;c buyer b&ecirc;n Taker tr&ecirc;n th&#7883; tr&#432;&#7901;ng spot &#273;ang quay tr&#7903; l&#7841;i, gi&uacute;p gi&#7843;m t&#7889;c &#273;&#7897; gi&#7843;m gi&aacute;.
<a href="https://vn.beincrypto.com/top-5-crypto-december-christmas-rallies/" target="_blank" rel="noreferrer noopener">Chu&#7849;n b&#7883; b&#432;&#7899;c sang Gi&aacute;ng sinh 2025</a>, Bitcoin v&#7851;n &#273;ang giao d&#7883;ch trong bi&ecirc;n &#273;&#7897; v&#7899;i xu h&#432;&#7899;ng gi&#7843;m nh&#7865;, quanh m&#7913;c 90,000 USD.
C&uacute; gi&#7843;m s&acirc;u v&#7873; v&ugrave;ng 80,000 USD cao ho&#7863;c trung b&igrave;nh v&#7851;n c&oacute; th&#7875; x&#7843;y ra n&#7871;u l&atilde;i su&#7845;t th&#7921;c ti&#7871;p t&#7909;c cao. &#272;&#7875; th&#7883; tr&#432;&#7901;ng &#273;&#7843;o chi&#7873;u t&#259;ng r&otilde; r&agrave;ng c&#7847;n ph&#7843;i h&#7897;i t&#7909; ba t&iacute;n hi&#7879;u:
&#272;&#7847;u ti&ecirc;n, gi&aacute; ph&#7843;i v&#432;&#7907;t l&ecirc;n tr&ecirc;n v&agrave; gi&#7919; v&#7919;ng &#7903; m&#7913;c gi&aacute; v&#7889;n c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; ng&#7855;n h&#7841;n. Th&#7913; hai, l&atilde;i su&#7845;t th&#7921;c k&#7923; h&#7841;n hai n&#259;m c&#7847;n gi&#7843;m xu&#7889;ng, gi&uacute;p &#273;i&#7873;u ki&#7879;n t&agrave;i ch&iacute;nh tr&#7903; n&ecirc;n d&#7877; th&#7903; h&#417;n.
Th&#7913; ba, s&#7921; th&#7889;ng tr&#7883; c&#7911;a b&ecirc;n mua Taker ph&#7843;i duy tr&igrave;, ch&#7913;ng t&#7887; l&#7921;c mua th&#7921;c s&#7921; m&#7841;nh m&#7869; tr&ecirc;n th&#7883; tr&#432;&#7901;ng spot.
Cho t&#7899;i khi ba y&#7871;u t&#7889; n&agrave;y c&ugrave;ng xu&#7845;t hi&#7879;n, th&#7883; tr&#432;&#7901;ng s&#7869; v&#7851;n c&ograve;n nhi&#7873;u bi&#7871;n &#273;&#7897;ng, b&#7883; chi ph&#7889;i b&#7903;i c&aacute;c d&#7919; li&#7879;u kinh t&#7871; v&#297; m&ocirc; v&agrave; t&acirc;m l&yacute; c&#7911;a nh&#7919;ng ng&#432;&#7901;i b&#7883; &ldquo;k&#7865;p h&agrave;ng&rdquo;. &#272;&#7889;i v&#7899;i nh&agrave; &#273;&#7847;u t&#432; d&agrave;i h&#7841;n, giai &#273;o&#7841;n n&agrave;y th&iacute;ch h&#7907;p &#273;&#7875; l&ecirc;n k&#7871; ho&#7841;ch h&#417;n l&agrave; &#273;&#7863;t c&#432;&#7907;c m&#7841;nh tay.

4 biểu đồ giải thích tình hình giá Bitcoin trước dịp Giáng sinh 2025

Bitcoin ti&#7871;n t&#7899;i d&#7883;p Gi&aacute;ng sinh n&#259;m 2025 trong m&#7897;t t&igrave;nh tr&#7841;ng c&oacute; ph&#7847;n mong manh nh&#432;ng c&#361;ng r&#7845;t th&uacute; v&#7883;. Gi&aacute; hi&#7879;n giao d&#7883;ch quanh m&#7913;c 93,000 USD sau nhi&#7873;u tu&#7847;n ch&#7883;u &aacute;p l&#7921;c. B&#7889;n bi&#7875;u &#273;&#7891; quan tr&#7885;ng cho th&#7845;y th&#7883; tr&#432;&#7901;ng &#273;ang &#7903; giai &#273;o&#7841;n cu&#7889;i c&#7911;a chu k&#7923; &#273;i&#7873;u ch&#7881;nh, nh&#432;ng v&#7851;n ch&#432;a c&oacute; t&iacute;n hi&#7879;u r&otilde; r&agrave;ng b&aacute;o hi&#7879;u xu h&#432;&#7899;ng t&#259;ng m&#7841;nh.
D&#7919; li&#7879;u cho th&#7845;y c&oacute; ba y&#7871;u t&#7889; l&#7899;n &#273;ang chi ph&#7889;i th&#7883; tr&#432;&#7901;ng. Nh&#7919;ng nh&agrave; &#273;&#7847;u t&#432; mua g&#7847;n &#273;&acirc;y &#273;ang ch&#7883;u l&#7895; n&#7863;ng, trong khi nh&#7919;ng &ldquo;c&aacute; voi&rdquo; m&#7899;i c&#361;ng &#273;ang b&aacute;n th&aacute;o. C&aacute;c &#273;i&#7873;u ki&#7879;n v&#297; m&ocirc; v&#7851;n l&agrave; y&#7871;u t&#7889; ch&iacute;nh quy&#7871;t &#273;&#7883;nh gi&aacute;, d&ugrave; l&#7921;c mua l&ecirc;n t&#7841;i th&#7883; tr&#432;&#7901;ng giao ngay &#273;ang d&#7847;n quay tr&#7903; l&#7841;i m&#7897;t c&aacute;ch &acirc;m th&#7847;m.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-short-term-bitcoin-holders-are-in-deep-pain">Nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; n&#7855;m gi&#7919; Bitcoin ng&#7855;n h&#7841;n &#273;ang ch&#7883;u thua l&#7895; n&#7863;ng</h2>

Bi&#7875;u &#273;&#7891; &#273;&#7847;u ti&ecirc;n theo d&otilde;i d&#7919; li&#7879;u <a href="https://vn.beincrypto.com/bitcoin-price-prediction-4-percent-breakout-bullish-metrics/" target="_blank" rel="noreferrer noopener">l&atilde;i/l&#7895; th&#7921;c t&#7871; c&#7911;a nh&oacute;m holder ng&#7855;n h&#7841;n (STH)</a>. &#272;&acirc;y l&agrave; nh&oacute;m nh&#7919;ng coin &#273;&#432;&#7907;c mua trong v&agrave;i th&aacute;ng g&#7847;n &#273;&acirc;y. &ldquo;Gi&aacute; th&#7921;c t&#7871;&rdquo; c&#7911;a h&#7885; l&agrave; gi&aacute; trung b&igrave;nh &#273;&atilde; mua nh&#7919;ng coin n&agrave;y.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/8nT2rAo7PcnArBC6GK8x6NYLW5Y=/smart/c35ca0154f0b42a4b4b9424cbc366bce" alt="" class="wp-image-781561">L&atilde;i/l&#7895; th&#7921;c t&#7871; c&#7911;a holder ng&#7855;n h&#7841;n Bitcoin. Ngu&#7891;n: CryptoQuant

&#272;&#7847;u n&#259;m 2025, c&aacute;c STH t&#7915;ng c&oacute; l&#7907;i nhu&#7853;n kh&aacute; cao. &#7902; th&#7901;i &#273;i&#7875;m &#273;&oacute;, v&#7883; th&#7871; trung b&igrave;nh c&#7911;a h&#7885; c&oacute; l&atilde;i t&#7915; 15&ndash;20% khi gi&aacute; Bitcoin t&#259;ng m&#7841;nh. Giai &#273;o&#7841;n n&agrave;y &#273;&atilde; khuy&#7871;n kh&iacute;ch nhi&#7873;u ng&#432;&#7901;i ch&#7889;t l&#7901;i v&agrave; t&#7841;o &aacute;p l&#7921;c b&aacute;n quanh v&ugrave;ng gi&aacute; &#273;&#7881;nh.
Nh&#432;ng gi&#7901; &#273;&acirc;y, t&igrave;nh h&igrave;nh &#273;&atilde; ng&#432;&#7907;c l&#7841;i. <a href="https://vn.beincrypto.com/silver-all-time-high-crypto-underperforms-2025/" target="_blank" rel="noreferrer noopener">Bitcoin hi&#7879;n &#273;ang giao d&#7883;ch d&#432;&#7899;i gi&aacute; th&#7921;c t&#7871; c&#7911;a nh&oacute;m STH</a>, v&agrave; nh&oacute;m n&agrave;y &#273;ang l&#7895; kho&#7843;ng -10%. Tr&ecirc;n bi&#7875;u &#273;&#7891;, c&#7897;t histogram chuy&#7875;n sang m&agrave;u &#273;&#7887; &#273;&#7853;m, cho th&#7845;y &#273;&acirc;y l&agrave; m&#7897;t trong nh&#7919;ng giai &#273;o&#7841;n l&#7895; s&acirc;u nh&#7845;t n&#259;m 2025.
&#272;i&#7873;u n&agrave;y k&eacute;o theo hai h&#7879; qu&#7843;.
Trong ng&#7855;n h&#7841;n, nh&#7919;ng holder &#273;ang l&#7895; th&#432;&#7901;ng tranh th&#7911; b&aacute;n khi gi&aacute; c&oacute; nh&#7883;p h&#7891;i. Nhi&#7873;u ng&#432;&#7901;i ch&#7881; mu&#7889;n b&aacute;n ra t&#7841;i gi&aacute; h&ograve;a v&#7889;n, &#273;i&#7873;u n&agrave;y l&agrave;m cho c&aacute;c &#273;&#7907;t ph&#7909;c h&#7891;i b&#7883; c&#7843;n l&#7841;i khi gi&aacute; ti&#7871;n &#273;&#7871;n v&ugrave;ng mua v&agrave;o c&#7911;a h&#7885;.
Tuy nhi&ecirc;n, nh&#7919;ng v&ugrave;ng l&#7895; s&acirc;u v&agrave; k&eacute;o d&agrave;i nh&#432; v&#7853;y th&#432;&#7901;ng ch&#7881; xu&#7845;t hi&#7879;n v&agrave;o cu&#7889;i c&aacute;c giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh l&#7899;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y nh&#7919;ng ng&#432;&#7901;i &ldquo;y&#7871;u tay&rdquo; &#273;&atilde; ch&#7883;u thi&#7879;t h&#7841;i l&#7899;n v&agrave; nhi&#7873;u kh&#7843; n&#259;ng &#273;&atilde; b&aacute;n h&#7871;t.
&#272;&#7871;n m&#7897;t th&#7901;i &#273;i&#7875;m n&agrave;o &#273;&oacute;, l&#7921;c b&aacute;n t&#7915; nh&oacute;m n&agrave;y s&#7869; c&#7841;n ki&#7879;t d&#7847;n.
Theo th&#7889;ng k&ecirc; l&#7883;ch s&#7917;, t&iacute;n hi&#7879;u &#273;&#7843;o chi&#7873;u quan tr&#7885;ng th&#432;&#7901;ng xu&#7845;t hi&#7879;n khi gi&aacute; v&#432;&#7907;t l&ecirc;n l&#7841;i tr&ecirc;n gi&aacute; th&#7921;c t&#7871; c&#7911;a STH t&#7915; ph&iacute;a d&#432;&#7899;i. Khi &#273;i&#7873;u n&agrave;y x&#7843;y ra c&oacute; ngh&#297;a h&#7847;u h&#7871;t l&#7921;c b&aacute;n &eacute;p bu&#7897;c &#273;&atilde; h&#7871;t, b&ecirc;n mua m&#7899;i &#273;&atilde; h&#7845;p th&#7909; h&#7871;t ngu&#7891;n cung &#273;&oacute;.
Cho &#273;&#7871;n khi c&oacute; t&iacute;n hi&#7879;u n&agrave;y, <a href="https://vn.beincrypto.com/bitcoin-bullish-trend-recovery-december-2025/" target="_blank" rel="noreferrer noopener">bi&#7875;u &#273;&#7891; v&#7851;n cho th&#7845;y th&#7883; tr&#432;&#7901;ng n&ecirc;n c&#7849;n tr&#7885;ng</a> v&agrave; s&#7869; c&ograve;n &#273;i ngang quanh v&ugrave;ng gi&aacute; hi&#7879;n t&#7841;i.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-new-bitcoin-whales-just-surrendered">C&aacute; voi Bitcoin m&#7899;i v&#7915;a &ldquo;&#273;&#7847;u h&agrave;ng&rdquo;</h2>

Bi&#7875;u &#273;&#7891; th&#7913; hai cho th&#7845;y l&atilde;i/l&#7895; th&#7921;c t&#7871; theo t&#7915;ng nh&oacute;m c&aacute; voi. S&#7889; li&#7879;u ph&acirc;n t&aacute;ch d&ograve;ng ti&#7873;n gi&#7919;a &ldquo;c&aacute; voi m&#7899;i&rdquo; v&agrave; &ldquo;c&aacute; voi c&#361;&rdquo;. C&aacute; voi m&#7899;i l&agrave; nh&#7919;ng ng&#432;&#7901;i mua s&#7889; l&#432;&#7907;ng l&#7899;n Bitcoin g&#7847;n &#273;&acirc;y.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/DV5Z8q5cXi34Uvl7G_mSTBepLHY=/smart/0a9bbb96bd2d43959428a4bed6833ccd" alt="" class="wp-image-781559">L&#7907;i nhu&#7853;n th&#7921;c t&#7871; c&#7911;a c&aacute;c c&aacute; voi Bitcoin k&#7875; t&#7915; 11/2025. Ngu&#7891;n: <a href="https://cryptoquant.com/community/dashboard/680fb4341babdc65a682e852?my-friend=p3nnmky7" target="_blank" rel="noreferrer noopener nofollow">CryptoQuant</a>

H&ocirc;m qua, c&aacute;c c&aacute; voi m&#7899;i &#273;&atilde; ch&#7889;t l&#7895; 386 tri&#7879;u USD ch&#7881; trong m&#7897;t ng&agrave;y. C&#7897;t d&#7919; li&#7879;u c&#7911;a h&#7885; tr&ecirc;n bi&#7875;u &#273;&#7891; xu&#7845;t hi&#7879;n m&#7897;t c&uacute; s&#7909;t gi&#7843;m r&#7845;t l&#7899;n. Ngo&agrave;i ra c&oacute; m&#7897;t s&#7889; c&#7897;t l&#7895; l&#7899;n kh&aacute;c c&#361;ng xu&#7845;t hi&#7879;n quanh v&ugrave;ng &#273;&aacute;y g&#7847;n &#273;&acirc;y.
C&aacute; voi c&#361; th&igrave; l&#7841;i kh&aacute;c. L&#7907;i nhu&#7853;n v&agrave; thua l&#7895; c&#7911;a h&#7885; nh&#7887; h&#417;n, c&acirc;n b&#7857;ng h&#417;n. H&#7885; kh&ocirc;ng b&aacute;n m&#7841;nh v&agrave; th&aacute;o ch&#7841;y nh&#432; nh&oacute;m c&aacute; voi m&#7899;i.
Xu h&#432;&#7899;ng n&agrave;y th&#432;&#7901;ng xu&#7845;t hi&#7879;n v&agrave;o <a href="https://vn.beincrypto.com/bitcoin-price-prediction-108500-failure-two-reasons/" target="_blank" rel="noreferrer noopener">cu&#7889;i c&aacute;c giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh</a>. C&aacute; voi m&#7899;i th&#432;&#7901;ng mua v&agrave;o &#7903; gi&aacute; cao, &#273;&ocirc;i khi s&#7917; d&#7909;ng &#273;&ograve;n b&#7849;y ho&#7863;c b&#7883; cu&#7889;n theo c&acirc;u chuy&#7879;n t&#259;ng gi&aacute;. Khi th&#7883; tr&#432;&#7901;ng &#273;i ng&#432;&#7907;c k&#7923; v&#7885;ng, h&#7885; ch&iacute;nh l&agrave; nh&#7919;ng ng&#432;&#7901;i &#273;&#7847;u ti&ecirc;n b&aacute;n th&aacute;o.
Vi&#7879;c b&aacute;n th&aacute;o n&agrave;y th&#7853;t ra c&oacute; l&#7907;i cho th&#7883; tr&#432;&#7901;ng v&#7873; d&agrave;i h&#7841;n. Coin s&#7869; chuy&#7875;n t&#7915; tay nh&#7919;ng nh&agrave; &#273;&#7847;u t&#432; l&#7899;n y&#7871;u t&acirc;m l&yacute; sang c&aacute;c holder m&#7841;nh h&#417;n ho&#7863;c c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;. Sau nh&#7919;ng &#273;&#7907;t b&aacute;n th&aacute;o, &aacute;p l&#7921;c b&aacute;n t&#7915; nh&oacute;m n&agrave;y c&#361;ng gi&#7843;m &#273;i &#273;&aacute;ng k&#7875;.
Trong ng&#7855;n h&#7841;n, nh&#7919;ng &#273;&#7907;t b&aacute;n m&#7841;nh nh&#432; v&#7853;y v&#7851;n c&oacute; th&#7875; khi&#7871;n gi&aacute; gi&#7843;m ti&#7871;p. Nh&#432;ng v&#7873; trung h&#7841;n, &#273;i&#7873;u n&agrave;y s&#7869; n&acirc;ng cao ch&#7845;t l&#432;&#7907;ng c&#7911;a c&aacute;c holder Bitcoin hi&#7879;n t&#7841;i.
Th&#7883; tr&#432;&#7901;ng s&#7869; &#7893;n &#273;&#7883;nh v&agrave; v&#7919;ng v&agrave;ng h&#417;n sau khi c&aacute;c nh&agrave; &#273;&#7847;u t&#432; l&#7899;n ho&#7843;ng lo&#7841;n &#273;&atilde; b&aacute;n ra h&#7871;t.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-real-interest-rates-still-steer-bitcoin">L&atilde;i su&#7845;t th&#7921;c v&#7851;n &#7843;nh h&#432;&#7903;ng &#273;&#7871;n Bitcoin</h2>

Bi&#7875;u &#273;&#7891; th&#7913; ba k&#7871;t h&#7907;p gi&#7919;a Bitcoin v&agrave; l&#7907;i su&#7845;t th&#7921;c c&#7911;a tr&aacute;i phi&#7871;u M&#7929; k&#7923; h&#7841;n 2 n&#259;m (theo h&#432;&#7899;ng ng&#432;&#7907;c l&#7841;i). L&#7907;i su&#7845;t th&#7921;c l&agrave; l&atilde;i su&#7845;t sau khi &#273;&atilde; tr&#7915; l&#7841;m ph&aacute;t. Hai ch&#7881; s&#7889; n&agrave;y g&#7847;n nh&#432; di chuy&#7875;n c&ugrave;ng chi&#7873;u v&#7899;i nhau trong n&#259;m 2025.
Khi l&#7907;i su&#7845;t th&#7921;c gi&#7843;m, &#273;&#432;&#7901;ng bi&#7875;u &#273;&#7891; &#273;&#7843;o chi&#7873;u t&#259;ng l&ecirc;n. Bitcoin th&#432;&#7901;ng s&#7869; t&#259;ng c&ugrave;ng l&uacute;c v&#7899;i n&oacute; nh&#7901; thanh kho&#7843;n c&#7843;i thi&#7879;n. L&#7907;i su&#7845;t th&#7921;c gi&#7843;m c&#361;ng khi&#7871;n c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro nh&#432; Bitcoin h&#7845;p d&#7851;n h&#417;n so v&#7899;i c&aacute;c lo&#7841;i tr&aacute;i phi&#7871;u an to&agrave;n.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/NJOsGgRspCsgqxNkvlPE-QGBoHQ=/smart/3d81d38028f941b3b484020d4566896e" alt="" class="wp-image-781560">So s&aacute;nh &#273;&#432;&#7901;ng l&#7907;i su&#7845;t th&#7921;c tr&aacute;i phi&#7871;u 2 n&#259;m (&#273;&#7843;o chi&#7873;u) v&agrave; Bitcoin

K&#7875; t&#7915; cu&#7889;i m&ugrave;a h&egrave;, l&#7907;i su&#7845;t th&#7921;c l&#7841;i t&#259;ng l&ecirc;n. &#272;&#432;&#7901;ng bi&#7875;u &#273;&#7891; &#273;&#7843;o chi&#7873;u b&#7855;t &#273;&#7847;u &#273;i xu&#7889;ng, Bitcoin c&#361;ng gi&#7843;m theo. &#272;i&#7873;u n&agrave;y cho th&#7845;y c&aacute;c y&#7871;u t&#7889; v&#297; m&ocirc; v&#7851;n l&agrave; &#273;&#7897;ng l&#7921;c ch&iacute;nh cho xu h&#432;&#7899;ng gi&aacute;.
<a href="https://vn.beincrypto.com/fed-rate-cut-25bps-guidance-uncertainty-january-2026/">Vi&#7879;c C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang M&#7929; (Fed) c&#7855;t gi&#7843;m l&atilde;i su&#7845;t</a> c&oacute; th&#7875; ch&#432;a &#273;&#7911; &#273;&#7875; thay &#273;&#7893;i t&igrave;nh h&igrave;nh. &#272;i&#7873;u quan tr&#7885;ng l&agrave; th&#7883; tr&#432;&#7901;ng &#273;&aacute;nh gi&aacute; nh&#432; th&#7871; n&agrave;o v&#7873; chi ph&iacute; vay th&#7921;c t&#7871; trong t&#432;&#417;ng lai. N&#7871;u k&#7923; v&#7885;ng l&#7841;m ph&aacute;t gi&#7843;m nhanh h&#417;n l&atilde;i su&#7845;t danh ngh&#297;a, l&#7907;i su&#7845;t th&#7921;c c&oacute; th&#7875; c&ograve;n t&#259;ng l&ecirc;n.
V&#7899;i Bitcoin, m&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; b&#7873;n v&#7919;ng ch&#7881; c&oacute; th&#7875; di&#7877;n ra n&#7871;u &#273;i&#7873;u ki&#7879;n th&#7921;c t&#7871; tr&#7903; n&ecirc;n d&#7877; d&agrave;ng h&#417;n. Khi th&#7883; tr&#432;&#7901;ng tr&aacute;i phi&#7871;u ch&#432;a ph&#7843;n &aacute;nh s&#7921; thay &#273;&#7893;i n&agrave;y, c&aacute;c &#273;&#7907;t t&#259;ng c&#7911;a Bitcoin v&#7851;n s&#7869; g&#7863;p ph&#7843;i l&#7921;c c&#7843;n t&#7915; y&#7871;u t&#7889; v&#297; m&ocirc;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-spot-taker-buyers-are-stepping-back-in">Ng&#432;&#7901;i mua spot taker &#273;ang quay tr&#7903; l&#7841;i</h2>

Bi&#7875;u &#273;&#7891; th&#7913; t&#432; theo d&otilde;i CVD Taker Spot 90 ng&agrave;y tr&ecirc;n c&aacute;c s&agrave;n giao d&#7883;ch l&#7899;n. Ch&#7881; s&#7889; CVD &#273;o kh&#7889;i l&#432;&#7907;ng r&ograve;ng c&#7911;a c&aacute;c l&#7879;nh th&#7883; tr&#432;&#7901;ng giao d&#7883;ch qua m&#7913;c gi&aacute; mua-b&aacute;n.
Ch&#7881; s&#7889; n&agrave;y cho th&#7845;y b&ecirc;n mua ho&#7863;c b&ecirc;n b&aacute;n quy&#7871;t li&#7879;t &#273;ang chi&#7871;m &#432;u th&#7871; tr&ecirc;n th&#7883; tr&#432;&#7901;ng.
Trong nhi&#7873;u tu&#7847;n khi gi&aacute; gi&#7843;m, xu h&#432;&#7899;ng l&agrave; b&ecirc;n b&aacute;n Taker chi&#7871;m &#432;u th&#7871;. C&aacute;c c&#7897;t &#273;&#7887; ph&#7911; k&iacute;n bi&#7875;u &#273;&#7891; khi ng&#432;&#7901;i b&aacute;n li&ecirc;n t&#7909;c &#273;&#7863;t l&#7879;nh b&aacute;n m&#7841;nh tr&ecirc;n th&#7883; tr&#432;&#7901;ng spot. &#272;i&#7873;u n&agrave;y ph&ugrave; h&#7907;p v&#7899;i xu h&#432;&#7899;ng gi&aacute; gi&#7843;m ch&#7853;m k&eacute;o d&agrave;i.
Nh&#432;ng hi&#7879;n t&iacute;n hi&#7879;u &#273;&atilde; &#273;&#7843;o chi&#7873;u. Ch&#7881; s&#7889; n&agrave;y v&#7915;a chuy&#7875;n sang b&ecirc;n mua Taker chi&#7871;m &#432;u th&#7871;, c&aacute;c c&#7897;t xanh b&#7855;t &#273;&#7847;u xu&#7845;t hi&#7879;n tr&#7903; l&#7841;i. T&#7913;c l&agrave; l&uacute;c n&agrave;y, nh&#7919;ng ng&#432;&#7901;i mua m&#7841;nh &#273;ang nhi&#7873;u h&#417;n ng&#432;&#7901;i b&aacute;n m&#7841;nh tr&ecirc;n c&aacute;c s&agrave;n spot.
&#272;&acirc;y l&agrave; thay &#273;&#7893;i s&#7899;m nh&#432;ng r&#7845;t &#273;&aacute;ng ch&uacute; &yacute;. C&aacute;c &#273;&#7907;t &#273;&#7843;o chi&#7873;u xu h&#432;&#7899;ng th&#432;&#7901;ng b&#7855;t &#273;&#7847;u t&#7915; nh&#7919;ng thay &#273;&#7893;i nh&#7887; v&#7873; h&agrave;nh vi giao d&#7883;ch nh&#432; th&#7871; n&agrave;y.&#272;&#7847;u ti&ecirc;n l&agrave; b&ecirc;n mua v&agrave;o, sau &#273;&oacute; gi&aacute; &#7893;n &#273;&#7883;nh l&#7841;i, r&#7891;i m&#7899;i &#273;&#7871;n nh&#7919;ng d&ograve;ng ti&#7873;n l&#7899;n h&#417;n tham gia.
Ch&#7881; m&#7897;t ng&agrave;y d&#7919; li&#7879;u l&agrave; ch&#432;a &#273;&#7911;. Tuy v&#7853;y, n&#7871;u th&#7845;y xu h&#432;&#7899;ng c&aacute;c c&#7897;t xanh duy tr&igrave;, &#273;i&#7873;u &#273;&oacute; x&aacute;c nh&#7853;n l&#7921;c c&#7847;u th&#7921;c s&#7921; &#273;&atilde; quay l&#7841;i. &#272;i&#7873;u n&agrave;y th&#7875; hi&#7879;n <a href="https://vn.beincrypto.com/standard-chartered-sounds-alarm-a-major-bitcoin-buyer-has-disappeared/" target="_blank" rel="noreferrer noopener">th&#7883; tr&#432;&#7901;ng spot &#273;ang h&#7845;p th&#7909; l&#432;&#7907;ng cung</a> t&#7915; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; ng&#7855;n h&#7841;n v&agrave; c&aacute;c c&aacute; voi l&#7899;n b&aacute;n th&aacute;o.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-it-all-means-for-bitcoin-price-heading-into-christmas">&#272;i&#7873;u n&agrave;y c&oacute; &yacute; ngh&#297;a g&igrave; v&#7899;i gi&aacute; Bitcoin khi chu&#7849;n b&#7883; &#273;&#7871;n Gi&aacute;ng sinh</h2>

N&#7871;u xem c&ugrave;ng l&uacute;c b&#7889;n bi&#7875;u &#273;&#7891;, c&oacute; th&#7875; th&#7845;y &#273;&acirc;y l&agrave; m&#7897;t giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh cu&#7889;i ch&#7913; ch&#432;a ph&#7843;i l&agrave; m&#7897;t th&#7883; tr&#432;&#7901;ng t&#259;ng gi&aacute; m&#7899;i.
Nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; v&agrave; c&aacute;c c&aacute; voi m&#7899;i &#273;ang ch&#7883;u l&#7895; n&#7863;ng, h&#7885; v&#7851;n c&oacute; xu h&#432;&#7899;ng b&aacute;n ra khi gi&aacute; h&#7891;i nh&#7865;. Trong khi &#273;&oacute;, l&atilde;i su&#7845;t th&#7921;c l&#7899;n v&#7851;n khi&#7871;n t&acirc;m l&yacute; ch&#7845;p nh&#7853;n r&#7911;i ro b&#7883; h&#7841;n ch&#7871; tr&ecirc;n th&#7883; tr&#432;&#7901;ng chung.
Tuy nhi&ecirc;n, c&#361;ng b&#7855;t &#273;&#7847;u xu&#7845;t hi&#7879;n m&#7897;t s&#7889; y&#7871;u t&#7889; cho kh&#7843; n&#259;ng h&#7891;i ph&#7909;c. C&aacute;c c&aacute; voi m&#7899;i b&aacute;n th&aacute;o l&agrave;m cho c&#7845;u tr&uacute;c nh&agrave; &#273;&#7847;u t&#432; l&agrave;nh m&#7841;nh h&#417;n.
C&aacute;c buyer b&ecirc;n Taker tr&ecirc;n th&#7883; tr&#432;&#7901;ng spot &#273;ang quay tr&#7903; l&#7841;i, gi&uacute;p gi&#7843;m t&#7889;c &#273;&#7897; gi&#7843;m gi&aacute;.
<a href="https://vn.beincrypto.com/top-5-crypto-december-christmas-rallies/" target="_blank" rel="noreferrer noopener">Chu&#7849;n b&#7883; b&#432;&#7899;c sang Gi&aacute;ng sinh 2025</a>, Bitcoin v&#7851;n &#273;ang giao d&#7883;ch trong bi&ecirc;n &#273;&#7897; v&#7899;i xu h&#432;&#7899;ng gi&#7843;m nh&#7865;, quanh m&#7913;c 90,000 USD.
C&uacute; gi&#7843;m s&acirc;u v&#7873; v&ugrave;ng 80,000 USD cao ho&#7863;c trung b&igrave;nh v&#7851;n c&oacute; th&#7875; x&#7843;y ra n&#7871;u l&atilde;i su&#7845;t th&#7921;c ti&#7871;p t&#7909;c cao. &#272;&#7875; th&#7883; tr&#432;&#7901;ng &#273;&#7843;o chi&#7873;u t&#259;ng r&otilde; r&agrave;ng c&#7847;n ph&#7843;i h&#7897;i t&#7909; ba t&iacute;n hi&#7879;u:
&#272;&#7847;u ti&ecirc;n, gi&aacute; ph&#7843;i v&#432;&#7907;t l&ecirc;n tr&ecirc;n v&agrave; gi&#7919; v&#7919;ng &#7903; m&#7913;c gi&aacute; v&#7889;n c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; ng&#7855;n h&#7841;n. Th&#7913; hai, l&atilde;i su&#7845;t th&#7921;c k&#7923; h&#7841;n hai n&#259;m c&#7847;n gi&#7843;m xu&#7889;ng, gi&uacute;p &#273;i&#7873;u ki&#7879;n t&agrave;i ch&iacute;nh tr&#7903; n&ecirc;n d&#7877; th&#7903; h&#417;n.
Th&#7913; ba, s&#7921; th&#7889;ng tr&#7883; c&#7911;a b&ecirc;n mua Taker ph&#7843;i duy tr&igrave;, ch&#7913;ng t&#7887; l&#7921;c mua th&#7921;c s&#7921; m&#7841;nh m&#7869; tr&ecirc;n th&#7883; tr&#432;&#7901;ng spot.
Cho t&#7899;i khi ba y&#7871;u t&#7889; n&agrave;y c&ugrave;ng xu&#7845;t hi&#7879;n, th&#7883; tr&#432;&#7901;ng s&#7869; v&#7851;n c&ograve;n nhi&#7873;u bi&#7871;n &#273;&#7897;ng, b&#7883; chi ph&#7889;i b&#7903;i c&aacute;c d&#7919; li&#7879;u kinh t&#7871; v&#297; m&ocirc; v&agrave; t&acirc;m l&yacute; c&#7911;a nh&#7919;ng ng&#432;&#7901;i b&#7883; &ldquo;k&#7865;p h&agrave;ng&rdquo;. &#272;&#7889;i v&#7899;i nh&agrave; &#273;&#7847;u t&#432; d&agrave;i h&#7841;n, giai &#273;o&#7841;n n&agrave;y th&iacute;ch h&#7907;p &#273;&#7875; l&ecirc;n k&#7871; ho&#7841;ch h&#417;n l&agrave; &#273;&#7863;t c&#432;&#7907;c m&#7841;nh tay.