š
Asia Morning Briefing
Bitcoinās Rally Looks Fragile as Liquidity Shrinks
š§ Bitcoin (BTC): A Weak Rally?
Bitcoin is trading above $90,500, but the move up is looking shaky.
Data from CryptoQuant and Glassnode shows:
š„ Realized losses are rising ā investors are selling at a loss
š³ Whales are depositing big amounts of BTC and ETH onto exchanges ā possible selling
š§ Liquidity is thinning, meaning there isnāt enough strong demand to absorb supply
Even though the price is up, the market doesnāt look very confident.
Analysts warn the rally may not last unless demand strengthens. ā ļø
š¦ Ethereum (ETH)
ETH is trading near $2,900, but:
š³ Large holders are sending more ETH to exchanges
š Average ETH deposits are the highest in almost 3 years
š¬ Demand is still weak
The rebound remains shaky for ETH too.
š” Gold
Gold jumped above $4,170, thanks to lower U.S. rate-cut expectations boosting demand. āØš
šÆšµ Nikkei 225
Asia-Pacific markets moved higher following Wall Streetās rebound.
Japanās Nikkei 225 climbed 1.42%, led by tech names like SoftBank and Advantest. šš
š Elsewhere in Crypto
šļø House Democrats report ties between Trump and crypto, calling it a ānew age of corruption.ā
š DeFiās $55B drop isnāt as bad as it looks, analysts say.
šµ S&P cuts Tether (USDT) stability score to āweakā, citing concerns if Bitcoin drops.
$BTC $ETH #CryptoRally #binacesquare