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Is Bitcoin Headed for $108K or Another Crash?

Bitcoin eyes $108K target as strong technicals and ETF inflows reduce crash risks.

• Main Points:

  • Price rebound: BTC is up 28% from April lows, testing $95K resistance.

  • Bull trap risk: Failure to break $95K raises short-term correction concerns.

  • ETF inflows: Spot ETF demand provides solid market support.

  • Chart breakout: Bull flag pattern suggests a potential move to $108K.

• Detailed Insights:

  • Support base: ETF inflows and rising momentum indicators strengthen BTC’s foundation.

  • Momentum signal: 14-day price momentum hits rare high, echoing Nov 2024 rally.

  • Buyer strength: High CVD levels show sustained buying pressure despite volatility.

  • Profitability metrics: 86% of BTC supply in profit boosts market sentiment.

  • Technical setup: Bull flag breakout could drive Bitcoin to $108,300 target.

Related: Trump’s 100-Day Speech Could Break Bitcoin's Tight Range

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ETH Staking ETFs Need Sustained Rally to Matter, Analyst Says

Staking approval alone may not boost Ethereum ETF inflows without a strong multimonth ETH rally.

• Main Points:

  • Limited impact: ETF staking approval won’t drive inflows without ETH rally.

  • Weak performance: ETH has struggled to sustain gains since ETF launch.

  • Market comparison: Spot Bitcoin ETFs outperformed ETH ETFs post-launch.

  • Approval timeline: Staking approval decisions may arrive by October.

• Detailed Insights:

  • ETF inflows: ETH ETFs saw $2.44B inflows during a brief December rally.

  • Current trend: Ether has dropped 56% since its $4,107 peak in December.

  • Analyst view: Inflows need a sustained rally, not short-term price spikes.

  • Market pressure: Lackluster ETH performance dampens investor confidence.

  • Next steps: SEC may approve ETH staking by late October, with interim reviews.

Related: BlackRock’s Bitcoin ETF Buys $970M, Boosting Market Support

Strategy Should Buy Bitcoin “Carelessly” to Drive Price, Exec Says

Richard Byworth suggests Strategy ramp up aggressive Bitcoin buys to boost its asset value and market impact.

• Main Points:

  • Aggressive strategy: Strategy urged to push BTC price with bold market buys.

  • mNAV focus: Company benefits more from boosting net asset value than timing price.

  • Shrinking supply: Exchange BTC supply continues to fall, favoring bold purchases.

  • Acquisition model: Strategy could buy cash-rich firms to convert reserves into BTC.

• Detailed Insights:

  • Exec view: Market buys may be better than OTC as liquidity thins.

  • Current holdings: Strategy owns 553,555 BTC worth over $52 billion.

  • Shareholder value: Higher BTC price boosts mNAV, benefiting investors.

  • Japan opportunity: Targeting “zombie” firms for BTC conversion mirrors Metaplanet.

  • BTC price context: Bitcoin trades at $94,680, down 13% from all-time high.

Related: Bitcoin Set to Bloom in US as China Rushes to Gold

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