The cryptocurrency market has recently experienced a significant decrease in commercial activity, arousing concerns about potential stagnation. Although the expression “sell in May and disappear” generally suggests seasonal lulls, the current situation seems to indicate a break rather than a sale. Although the interest in Altcoins persists, the lack of substantial negotiation volume hinders significant price movements. This raises questions about what current data involves for future trends.
The observations of market players, like Kyle, indicate a lack of momentum, suggesting that the market could enter a standing phase similar at the end of the previous year. This period was marked by a minimum of speculative activities. Kyle noted that the increase in Bitcoin to $ 111,000 did not correspond to a real increase in the volume of trading in cash. Current daily volumes are around 7.7 billion dollars, significantly lower than the peaks of the previous bull market. This observation suggests that the market is in a consolidation phase rather than in a break.
So that the market does not go from this stagnant phase, important uncertainties, in particular those related to prices, must be resolved quickly by July. This resolution could potentially catalyze a change in market dynamics and trading activity reigns.
As Bitcoin undergoes minor adjustments, altcoins are also faced with slight caissons without major slowdown. With the American markets approaching on July 4, trade on July 3 will be abbreviated. All Trump’s actions, in particular given its past relationships with Canada, could influence market dynamics in the middle of the week.
Daancryptto’s analysis on Altcoins indicates the total graph, suggesting that if the total market capitalization of Altcoin has maintained its local support, it shows no clear trend. Technically, a lower lower than that in April could have been formed last week. However, for a real long -term continuation, it is essential to break the local peaks greater than around 950 billion dollars. Once this threshold is broken, the targeting cycle peaks become achievable.
Waleed has identified key price levels for Link Coin, including $ 17.96, $ 22 and $ 23.39. In addition, Mister Crypto refers to a Wyckoff configuration, suggesting that Ethereum (ETH) could rely on its top of all time. This analysis suggests that if the market is currently in the consolidation phase, there is an important potential for movements if certain technical levels are raped.
There is a general anticipation for a reversal under market conditions, as stakeholders expect significant developments to catalyze growth. Critical eyes remain on macroeconomic factors, potential policy changes and remarkable market events that may breathe new life into commercial activities.
The recent performance of Bitcoin and Ethereum was marked by significant stability, the two cryptocurrencies retaining their positions despite the broader market fluctuations. This stability is particularly obvious in the context of the volume of trading on a chain, which remained relatively coherent without showing a strong directional bias. This suggests that although there may be periods of consolidation, the underlying interest in these basic cryptocurrencies remains robust.
Enthusiasm for Bitcoin has not decreased, even if cryptocurrency experiences price withdrawals. New investors and institutional interests continue to stimulate demand, indicating a strong belief in the long -term potential of Bitcoin. This trend is also supported by the allocation models of asset managers, which tend to strongly look at Bitcoin and Ethereum during the Haussier market conditions. In January, for example, these two cryptocurrencies represented 57% of portfolio assets, reflecting a clear “risk” position. This allowance strategy has remained relatively coherent, Bitcoin and Ethereum representing around 50% of assets even during periods of volatility on the market.
Asset managers allocation models provide valuable information on the broader feeling of the market. During periods of withdrawal from the market, as in February, Bitcoin and Ethereum allowances fell to around 47%, while Stablecoin Holdings almost doubled at almost 30%. This change suggests that managers use stablescoins for liquidity and downward protection during uncertain times. Conversely, during the bullish phases, the DEFI tokens allowances and the layer 1 increase, indicating an accent on the yield and the tactical alpha. This dynamic approach to portfolio management highlights the importance of stablecoins as a tactical tool to manage risk and liquidity.
The recent action of Bitcoin prices, which saw it consolidate near the resistance level of $ 108,000, reflects a tightening of the price of prices with lower peaks by tightening the price in a narrow range. This model, known as a corner training, suggests a period of consolidation rather than a clear directional movement. The absence of panicked sale, as evidenced by the stable trading volume, also maintains the idea that the market is in waiting mode.
The drop in Bitcoin reserves held on centralized exchanges, as revealed by the chain data, is another significant development. This drop in its lowest levels in several years indicates a growing preference for Bitcoin maintenance in personal wallets, which can be considered a bull sign. This suggests that investors are increasingly confident in the long -term value of bitcoin and choose to hold their assets rather than discussing them on exchanges.
In summary, the current market dynamics for Bitcoin and Ethereum is characterized by cautious stability and optimism. The coherent allowance to these basic cryptocurrencies by asset managers, coupled with the strategic use of stalins for liquidity and risk management, underlines the resilience of these assets. The recent price consolidation and the decline in exchange reserves still support the idea that the market is in a consolidation period, pending the next significant decision.
