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重要来源Foresight News

Wintermute: If BTC can hold above $80,000 despite macroeconomic shocks, then the upward momentum is not solely due to a "short squeeze".

According to Foresight News , a Wintermute article states that Bitcoin's break above the 200-day moving average is significant. This is the first time since last October that it has removed the technical ceiling defining this bear market. However, this occurs against a backdrop of leverage, short covering, and declining spot trading volume. Previous cycle bottoms were confirmed by organic spot inflows, which are not currently being seen. Institutional buying remains the strongest argument. ETF inflows, declining exchange reserves, and whale hoarding all point to long-term holders absorbing supply. However, at higher price levels, this buying power is decreasing. Currently, the stock market is supporting the crypto market. If CPI data is overheated and the Warsh transition introduces uncertainty, stock market buying may stall. A true confirmation signal would be if Bitcoin could hold above $80,000 amidst macroeconomic shocks. If it falls in tandem with the stock market, it indicates that a squeeze is the real driving factor, rather than any form of paradigm shift. The market's persistent short squeeze structure appears to be slowly dissipating, but if it re-emerges, it could easily push the market higher. While this may be the case in the short term, from a medium-term perspective, given the decline in spot trading volume and the increase in leverage/speculative activity, the RSI has already stretched significantly, and the market may need a breather.
免责声明:以上内容仅为作者观点,不代表 711BTC 的任何立场,不构成与 711BTC 相关的任何投资建议。

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