Bitcoin steadies near $105,000 amid easing global risk, policy tailwinds

Bitcoin held steady above $105,000 on Tuesday as crypto markets benefited from a calmer macroeconomic environment, improved liquidity, and a resurgence of institutional inflows. The cryptocurrency consolidated after a rebound from the $100,000 level, which analysts believe established a structural base. Institutional accumulation is increasing, with firms like Strive, Strategy, and Bitmine adding to their Bitcoin and Ethereum holdings. This accumulation coincides with a decrease in speculative leverage, suggesting a shift towards long-term investment. Positive developments in U.S. government reopening negotiations and new regulatory guidance allowing crypto ETFs to stake assets further contributed to market stabilization. While options data suggest cautious optimism, with traders split on retesting all-time highs, the $100,000 to $108,000 range is emerging as a mid-term base.

(Source：The Block)