$BTC The daily middle track breakthrough failed, followed by a counterattack from the bears. The funding rates for most mainstream trading pairs in the futures market have begun to decline overall, and some markets have already turned negative.
It was previously mentioned that it is difficult to突破一次性 here, and a proper pullback is reasonable, because it is important to know that in this rebound, the futures market has at least played a half role in boosting, and after the liquidation of the 95k bears, there was a drive to touch 97k.
Therefore, the current rapid decline in funding rates represents that the market is still waiting for the accumulation of futures liquidity under the condition of insufficient spot demand.
Let's talk about the market today for $BTC . In simple terms, it now has a bit of a "high position nap" meaning.
As of this morning, the price of Bitcoin is fluctuating around $95,000 (specifically between $95,112 - $96,131), with no clear direction for now.
👀 Why is this situation?
Today's trend is the result of a "tug of war" between bullish and bearish forces:
✅ Bullish side (upward momentum):
1. "Big players" are still buying: Bitcoin spot ETFs have raised over $1.7 billion in the past few days, indicating that institutions and large funds are still active, providing a bottom for the market. 2. The overall environment is decent: U.S. inflation has cooled, and everyone thinks there might be interest rate cuts in the future, which is good news for the entire risk market (including the crypto market). 3. The market isn't "getting ahead of itself": Currently, market sentiment is relatively calm, retail investors haven't rushed in en masse, and the leverage ratio of contracts isn't crazy, which reduces the risk of a sudden "liquidation" crash.
❌ Bearish side (downward pressure):
1. Regulatory "hanging case": The most important suppressive factor! A key cryptocurrency regulatory bill in the U.S. is stalled, controversial, and the vote has been postponed. This uncertainty makes many investors hesitant to act impulsively, choosing to wait and see, which is also the main reason for the price retreat from a few days ago's high (close to $97,900). 2. Technical resistance: If it pushes up, around $96,200 is a small hurdle, and the pressure increases at $97,000.
What might happen next?
Overall, today is likely a volatile digestion market.
· Key support level looks at around $95,000; as long as it holds, it can still stay at a high level. · Key resistance level first looks at $96,200; if there is positive news or regulatory clarity, a volume breakout here could create an opportunity to challenge the previous high.
In short, the market is waiting for a "starting gun", either for regulatory progress or for new major news. Before any signals come out, it is likely to just oscillate back and forth in this range. $SOL $我踏马来了
The long-awaited big rally has finally arrived—markets are rejuvenated, showing clear signs of recovery!
🌟 Market Snapshot: Broad gains! Broad gains! · Bitcoin: Today's performance was impressive, surging to $96,000 with a gain of over 5% in a single day. The $100,000 milestone now feels within reach, with the next key resistance level at $100,000. · Ethereum: Holding strong, breaking above $3,300 with nearly a 7% gain. After a period of weakness, it has regained stability, and with this momentum, the next target might be $3,600. · The entire market: It's truly "rising with the tide," with total market cap nearing $3.25 trillion. Previously marked by fear, sentiment has clearly improved, showing signs of greed.
Zhi Ma really found his comfort zone. During the inscription era, OK Wallet was acquiring new users, so he went to OK Wallet to acquire new users. When OK Exchange hadn't listed inscriptions, they listed them all, and pulled all the users acquired through OK Wallet over to their own exchange.
Now the Chinese Meme era has arrived, and when Binance is acquiring new users, they go to Binance to acquire new users again. Whoever came up with this idea should definitely be rewarded—truly a genius 🤣🤣 $我踏马来了 $SOL $BNB
Musk is about to launch a crypto wallet! Trade directly on X when you scroll, undercutting all similar products, with traffic and transaction volume, the main battlefield of crypto! $SOL $ETH $我踏马来了
U.S. stocks surged across the board, and cryptocurrencies are also rejoicing!
Last weekend, the cryptocurrency market was quite volatile, but unexpectedly, U.S. stocks delivered a surprise on Monday, with all three major indexes rising together. The S&P 500 increased by over 1.5%, while the Nasdaq surged by 2.27%, and the Dow Jones also steadily rose by 0.83%. This collective increase directly warmed up market sentiment. Previously, Bitcoin once dropped below $105,000, which caused a lot of anxiety. However, as the government shutdown crisis approached its end, coupled with institutions quietly accumulating, the price quickly stabilized. This strong rebound in the U.S. stock market provided a boost of confidence to the crypto market.
The U.S. Congress Agriculture Committee has made a big move!
They suddenly released a bipartisan proposal for cryptocurrency regulation, with the core content being that spot-type crypto assets will be governed by the U.S. Commodity Futures Trading Commission (CFTC).
Among them, the most striking is the "exemption clause"—certain eligible cryptocurrencies can actually be exempted from the registration requirements of the Securities Act of 1933. This is unprecedented for the industry.
The long-standing regulatory uncertainty that has loomed overhead is finally about to see the light. Although Senator Booker is still concerned about the CFTC's manpower and budget being insufficient, the general direction has basically been set.
For cryptocurrencies like Bitcoin and Ethereum, which are already widely regarded as "commodities," the clearer the rules, the more secure the market becomes—this is what institutional investors are waiting for.
Additionally, with the recent S&P rising by 1.54% and the Nasdaq surging by 2.27%, overall market sentiment is warming up.
At this time, throwing out this draft is truly a brilliant timing. Once the regulatory stance becomes clear, funds will also start reconsidering how to allocate assets.