Bitcoin stalls near $76,500 as muted trading points to macro wait-and-see
CoinDesk
Bitcoin is trading sideways near $76,500 as investors await fresh macro catalysts and institutional demand.Summary
Bitcoin remains stagnant near $76,500 due to light trading volume and a cautious market sentiment. Analysts from Enflux and Glassnode highlight that while selling pressure has eased, the lack of aggressive buying indicates that investors are waiting for significant macroeconomic developments. The market is currently balancing supply constraints with a notable absence of fresh institutional capital, leaving traders unconvinced of either an imminent breakout or a sharp decline. Upcoming U.S. Personal Consumption Expenditures data is expected to be a key driver for future price action.
(Source：CoinDesk)