US Dollar Index strength, fear that BTC miners may liquidate their reserves and Bitcoin’s performance compared to stocks raise concerns among investors.
Ether reserves held on exchanges fell to a new multi-year low as ETH price struggled to trade above $2,000. Will the supply crunch benefit bulls or bears?
Ether needed to hold a key support recently established at $1,800, coinciding with the lower trend line of a classic chart pattern that warns of a drop below $1,500.
Compressed volatility, strengthening ETF flows and a diminished Coinbase discount “are not characteristics of a market accelerating into a fresh leg lower,” said 10x Research.
Month-on-month Bitcoin open interest continues to decline, while BTC options markets highlight balanced demand. Does the data point to reduced institutional investor activity?