What we will talk about today...

Bitcoin’s Consolidation Nears End Amid Signs of a Short Squeeze

Bitcoin trades within a tight range, but rare market signals hint at a breakout soon.

• Main Points:

  • Bitcoin trades in narrow range: Between $91,700 and $94,500 since April 22.

  • Negative funding rates spotted: Rising open interest suggests short squeeze potential.

  • Key resistance at $95,000: Bitcoin must establish it as new support.

  • Market sentiment remains bullish: Despite caution signals, momentum could continue.

• Detailed Insights:

  • Narrow price range: Bitcoin is consolidating tightly between $91,700 and $94,500.

  • Funding rates turn negative: Traders increasingly betting against Bitcoin’s recent rally.

  • Open interest rises 15%: Divergence suggests a potential for a sharp short squeeze.

  • Resistance at $95K critical: Breaking it is vital for the uptrend to continue.

  • Upside appetite evident: $95K call options for April-May expiries dominate flows.

  • Short squeeze setup: Negative funding with rising OI is historically bullish.

  • Momentum despite caution: Analysts see room for upside before trend exhaustion.

  • Next targets: Breaking $94K–$95K could push Bitcoin toward $100,000 mark.

  • Macro environment supportive: Subdued risks and cooled tensions aid consolidation.

  • Breakout timing: Likely within days as April draws to a close.

WHAT WE RECOMMEND😉

To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You

Just Clicking The Subscribe Button Helps Us Continue
For Free Forever

Saylor Hoarding 10M Bitcoin Won’t Threaten Protocol, Says Author

Bitcoin Standard author reassures that massive holdings by entities pose no real risk.

• Main Points:

  • Bitcoin protocol remains resilient: Even if one entity holds massive amounts.

  • Ownership dynamics clarified: Firms like Strategy and BlackRock hold Bitcoin for investors.

  • Investor action a safeguard: Abusive management would drive people to divest.

  • Current holdings are modest: Strategy and BlackRock collectively own 5.3% of supply.

• Detailed Insights:

  • Massive holdings not a threat: Saylor holding 10M BTC wouldn’t harm Bitcoin’s integrity.

  • No incentive to hard fork: Changing supply would diminish the value of holdings.

  • Strategy and BlackRock roles: They serve shareholders and ETF holders, not themselves.

  • Investor safeguards: Abuse of holdings would trigger investor exits to alternatives.

  • Current market data: Strategy and BlackRock manage about 1.12 million BTC combined.

  • Value perspective: Strategy’s average BTC purchase price is around $67,793.

  • New competitors emerging: Twenty One Capital aims to offer better Bitcoin exposure.

  • Whale concerns overstated: Bitcoin’s decentralized design mitigates centralization risks.

  • Protocol’s long-term strength: True decentralization protects Bitcoin from single entities.

  • Price at time of report: Bitcoin trading around $93,250, according to CoinMarketCap.

China May Turn to Gold, Bitcoin Over US Treasurys, Says BlackRock Exec

Geopolitical tensions push central banks to diversify reserves with gold and Bitcoin.

• Main Points:

  • China exploring alternatives: Shift away from US Treasurys toward gold and Bitcoin.

  • Geopolitical risks accelerate trend: Global fragmentation drives new reserve strategies.

  • Bitcoin gains safe-haven status: Decoupling from US equities boosts Bitcoin's appeal.

  • Institutional demand rising: Significant inflows into both gold and Bitcoin ETFs.

• Detailed Insights:

  • Diversification ongoing: Trend toward gold and crypto started three to four years ago.

  • Asset freezing fears grow: Russian reserve freeze prompts countries to reconsider assets.

  • Geopolitical fragmentation key: BlackRock calls it a mega force shaping future markets.

  • Bitcoin shows resilience: Acting more like gold, less like Nasdaq during market stress.

  • Fresh institutional interest: Bitcoin gaining traction as a macroeconomic hedge.

  • BTC inflows climb: Demand rises amid global uncertainty and weakening equity markets.

  • Equity markets falter: Stocks extend April losses, enhancing Bitcoin's safe-haven role.

  • Bitcoin decouples: Analysts note BTC’s growing independence from US stock trends.

  • New allocation dynamics: Institutions may increasingly favor Bitcoin over traditional assets.

  • Market sentiment shifts: Bitcoin seen as a hedge against inflation and economic turmoil.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results