Bitcoin Battles 'Collapsing' Bond Markets as Week Starts With Trip to $76,500
Cointelegraph
Bitcoin fell to $76,500 amid macro uncertainty, bond market instability, and significant long-position liquidations, despite whale accumulation and potential positive economic data.Summary
Bitcoin faces downward pressure as it slips below key support levels, reaching $76,500 following a surge in long liquidations totaling over $670 million. While analysts discuss the possibility of a "bear trap," market sentiment is currently dampened by "collapsing" U.S. bond markets, rising oil prices due to geopolitical tensions, and stalled Federal Reserve rate cut expectations. Conversely, some large-scale Bitcoin "whales" are maintaining or increasing their positions, suggesting they believe the market may have bottomed. However, significant selling pressure persists as long-term holders engage in "capitulation," leading to increased exchange inflows that may delay a rapid price recovery.
(Source：Cointelegraph)