📅 Review of last week
📉 1. General downward pressure despite an overall bullish month
The crypto market declined by 4% this week but remains up +11.5% for the month. This drop is strongly correlated with the Nasdaq-100 (📊 correlation 0.85), affected by uncertainty around interest rates.
💰 2. Altcoins plummet, Bitcoin remains resilient
$BTC : –0.3%
$SOL : –7.7%
$XRP : –4%
$LINK: –6%
Bitcoin dominance rises to 61.1% (📈 rotation towards safer assets).
📈 3. Derivatives: conflicting signals
Open interest: +20% → $824 billion
Funding rates: negative on many altcoins (selling pressure).
🪙 4. Bitcoin on mixed grounds
Exit from the low liquidity zone (“air gap”) around $114,000
Peak at $121,000
But spot volumes and ETF flows are down 📉, and profit-taking among holders.
🔮 Outlook for this week
🌐 Macroeconomics
📌 To watch: Figures: US (employment, inflation) ⚡ Possible impact: Influence on crypto/stocks correlation
♻️ Market rotation
📌 To watch: BTC vs altcoin volumes ⚡ Possible impact: Confirms BTC preference or return of altcoins
📊 Derivative products
📌 To watch: Funding rates, open interest ⚡ Possible impact: Technical rebound or continuation of the decline
🔗 On-chain (BTC)
📌 To watch: Volumes, ETF flows, holder profitability ⚡ Possible impact: Signs of support or distribution
₿ Bitcoin Close > $121k or breakout < $116k Bullish or corrective scenario
💡 Why this summary is useful
✅ Clear view of current trends
✅ Concrete indicators to follow this week
✅ Visually appealing and directly actionable content
