Traders spotted multiple signals that suggest Bitcoin could be gearing up for another bull run, but onchain data still highlights weakness in the market.
ETH whale accumulation and its alignment with a rare global liquidity signal could be a sign that Ether price is gearing up for another triple-digit rally.
Bitcoin’s push for $93,000 stalled as professional traders were cautious and the market’s focus remained pinned to gold’s rally, Federal Reserve policy and US macroeconomics.
Traders continue to defend the lowest support levels in Bitcoin and altcoins, but sellers at the range highs and declining sentiment across the market may complicate a quick recovery.
Bitcoin dipped below $87,000 as the Coinbase Premium hit 12-month lows, signalling weak US demand and with technicals hinting at a $66,000 BTC price target.
Past yen shocks were followed by BTC dropping 30% before rebounding more than 100%, a pattern traders are watching as talk of Japan's intervention returns.