According to BlockBeats, the market is closely monitoring global macroeconomic events this week, including the European Central Bank's annual policy forum and U.S. Federal Reserve Chair Jerome Powell's appearance on Tuesday. While Bitcoin's price remains relatively stable, signals from derivatives and on-chain markets suggest that volatility may soon return. Traders are paying attention to changes in major central bank policy statements, which could affect risk preferences in both crypto and traditional markets.
Analyst Axel Adler Jr. notes that whales are transferring significant funds to centralized trading platforms. This pattern, combined with declining platform reserves and reduced stablecoin inflows, typically indicates impending market volatility. As long as Bitcoin maintains its position above $108,000, the basic scenario is continued upward movement, with a target of $112,000.
