The crypto market is on fire, with the valuation skyrocketing to $3.8 trillion! Trading volume has surged by a whopping 87.37%, reaching $210 billion. This comes ahead of the U.S. CPI data release, which could either extend the rally or trigger a broad risk-off reaction. But will the crypto bull run continue, or is a pullback in store? Let’s decode the possible trend.
U.S. CPI Data: The Volatility Trigger?
All eyes are on the U.S. CPI data release on July 15 at 08:30 ET. If the print is hotter than expected, brace yourself for volatility across crypto and equities. But a favorable CPI number could keep the party going.
Bullish Momentum Persists?
Market metrics continue to support the ongoing bull trend. Funding rates for BTC and ETH remain modest, and Bitcoin‘s breakout above $106,500 marked a critical technical acceleration. However, altcoin funding rates are flashing red, indicating potential liquidation cascades.
Signs of a Pullback Still on Cards?
Short-term caution is warranted. The Bitcoin: Exchange Stablecoin Ratio has surged, suggesting declining immediate buying power. This often leads to short-term pullbacks.
Analyst Views
Michael Van de Poppe believes Bitcoin could move toward $125k–$130k range, with potential buying opportunities near the $110k–$105k zone. RSI on Bitcoin’s 4H chart is nearing overbought territory, hinting at a short-term overheated structure.
Conclusion
While the macro bull trend remains intact, a short-term pullback within the next 48 hours is likely. This would be driven by weakening stablecoin liquidity, excessive altcoin leverage, and macro uncertainty. But don’t worry, these dips are expected to be temporary and present buying opportunities if CPI data and technical structures remain supportive.
FAQs
Will the crypto bull run continue, or is a pullback imminent?
A short-term pullback within the next 48 hours is likely, owing to factors such as weakening stablecoin liquidity, growing altcoin leverage, among others.
What is 1 Bitcoin price now?
The price of 1 BTC at the time of press is at $122,326.93 with an intraday change of 3.67%
How is the crypto market doing today?
The crypto market is bullish today, with the market cap standing at $3.8 trillion. And Bitcoin claiming a new ATH.
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2025-07-14 15:17