🔥 BTC Market Pulse – Week 38 🔥
📈 Price: BTC recovers around $116K thanks to expectations that the Fed will cut interest rates soon, but the RSI has entered the “overbought” zone → prone to strong fluctuations.
📊 Derivatives & ETF: Futures open interest increases, U.S. spot ETFs report strong inflows. The options trader sentiment is less defensive → the market leans towards bullish.
🔗 On-chain:
Network activity decreases, transaction fees are low → soft on-chain demand.
However, most BTC is in a profit state, holders are gradually taking profits.
🔥 This wave could be, as I mentioned earlier, a slight recovery to 118k, but for me, this is still a recovery.
The current macro situation is bad, so even if this wave increases to 120k, it will still be a good price unloading period for the big players.
If you observe on-chain, you will see prices continuously SW with very even buying and selling phases, but the core issue is weak network activity, large players over 1k-10k $BTC are still unloading to reduce accumulation, buyers are in groups under 1k BTC.
When BTC cannot hold up and is continuously unloaded, do you think Altcoins can maintain their prices?
Make sure to take profits when you can, and keep your money safe from other big fish.
I have been sick these past few days so I haven’t been able to update regularly, sorry everyone.
