Ah, the wonders of crypto! 🧐 What do you need to know?
- The crypto market, like a patient at a waiting room, hovers near $3 trillion. Bitcoin, a little shy at $95,000, might just spring up with a breakout. 📈
- Spot bitcoin ETFs, after an 8-day binge of nearly $3 billion inflows, decided to take a nap and saw a cool $56 million outflow. 💸
- Rumors swirl that prolonged consolidation and some grim funding rates could set the stage for an epic bitcoin surge. 🏃♂️💨 And let’s not forget about those pesky macroeconomic factors…
We are in the midst of a long crypto siesta, with the market cap inching toward $3 trillion. But wait—analysts are on the lookout for a possible bitcoin (BTC) explosion that could send the entire market into orbit! 🚀
Bitcoin is doing the tango around $95,000, while ether (ETH), BNB Chain’s BNB, and Solana’s SOL are practically taking a nap. XRP and Cardano’s ADA dropped 2%, while dogecoin (DOGE) fell 3%. Someone’s not getting their morning coffee! ☕️
Bitcoin ETFs decided they needed a break on Wednesday, losing $56 million and ending an 8-day streak of positive vibes with nearly $3 billion flowing in. A well-earned vacation, perhaps? 😴
The markets have been trapped in a narrow range this week, leading some to believe a dramatic move is just around the corner. Get ready for the grand performance! 🎭
“Long consolidations tend to gather strength for a big leap. The big moment? Friday’s labour market data,” said Alex Kuptsikevich, FxPro’s chief market analyst, in an email to CoinDesk. 📨
“For the past five days, the market has wiggled within a narrow range. It’s been like watching paint dry, but the 200-day moving average—at $3.01 trillion—is standing there, looming. A global shift could be just what we need to break free,” he added, hinting at strong movements in altcoins. 🚀
Pat Zhang from WOO X was equally philosophical about it: “BTC’s been fluctuating between $93,000 and $95,000 since April 25, accumulating energy for a potential breakout,” he explained over Telegram. 📲
“The negative funding rate for BTC this week is something rare—whale activity is off the charts, on and off exchanges!” Zhang added, hinting at a little crypto shark drama beneath the surface. 🦈
Over the past two years, bitcoin’s financing rate has only turned negative four times—during periods when everyone was trying to figure out if they should buy or sell. And after those episodes? Well, BTC decided to climb like it had just found the secret to eternal youth. 🧗♂️
“Negative financing rates tend to be followed by a strong upward trend, meaning whales could be quietly positioning BTC for a glorious rise,” Zhang noted, as if speaking of a great and mysterious force at work. ⚡️
Meanwhile, in the world of politics, President Donald Trump is cooking up something in the tariff kitchen, and traders everywhere are wondering what’s on the menu. 🍲
According to Bloomberg, Trump admitted that his tariff program had some serious PR problems—because who doesn’t love a good political crisis? But fear not, he’s not backing down. He assured the world that deals with South Korea, India, and Japan are basically done deals, and even China is ‘progressing’ on his terms. 📉
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2025-05-01 10:03