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 may 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.