Bitcoin is showing signs of “cycle exhaustion” after falling to ~$112,000, with many leveraged long positions liquidated.
Analysts say a deeper pullback might take BTC down toward $104,000 before buyers step in.
Meanwhile, “whales” (large BTC holders) have been accumulating significant amounts, which some market watchers interpret as a bullish signal.
On the corporate front, public companies now hold over 1 million BTC in total, accounting for ~5.1% of the circulating supply.
JPMorgan analysts believe the current price is “too low” relative to risk-adjusted value, projecting a possible upside toward $126,000 by year-end.$BTC #MarketRebound #StrategyBTCPurchase
Another “WTC / WCT” in relation to Binance is the WalletConnect Token (WCT) — note the difference in naming (WCT not WTC). Some of Binance’s announcements use “WCT” which may get confused with “WTC.”
About WalletConnect / WCT
WalletConnect is a protocol / infrastructure that allows crypto wallets to connect securely with decentralized applications (dApps).
In April 2025, Binance announced that WalletConnect (WCT) would be the 67th project on its Launchpool, allowing users to stake assets (like BNB, USDC, FDUSD) to farm #WTC as rewards.
WCT was scheduled to be listed on Binance on April 15, 2025 at 11:00 UTC under trading pairs like WCT/USDT, WCT/USDC, WCT/BNB, etc.#
The U.S. dollar came under pressure, slipping modestly ahead of important upcoming economic releases and amid rising uncertainty over a possible U.S. government shutdown.
A potential shutdown could delay critical data releases (like the nonfarm payrolls report), which markets regard as vital for guiding the Fed’s policy decisions.
In currency moves, the dollar fell about 0.2% vs the Japanese yen, while the euro and pound posted gains of ~0.15% and ~0.11% respectively.
Washington is currently in talks to provide a $20 billion swap line to Argentina, potentially supporting its currency and financial stability.
Global capital flows and risk sentiment shifts are feeding into currency volatility. A weaker dollar tends to benefit emerging markets and commodity currencies in the near term.#MarketPullback #StrategyBTCPurchase #PCEInflationWatch $BTC
The U.S. Dollar Index (DXY) has been in a range around ~97.8 to ~98.4 in recent sessions, reflecting consolidation amid mixed signals.
Some analysts believe the dollar’s weakness has room to continue, especially if U.S. data disappoints or the Fed leans dovish.#FedOfficialsSpeak $BTC #FedOfficialsSpeak