Bitcoin Consolidates as Economic Uncertainty Looms
CryptoQuant analyst Axel Adler Jr notes Bitcoin is in a consolidation phase, trading between $110K–$112K near the max pain zone. Derivative sellers have lost dominance, but upward momentum remains weak.
On-chain data shows declining activity alongside positive net outflows from exchanges. Meanwhile, falling bond yields and a weak U.S. labor market are lending support to risk assets.
The market trend leans slightly upward but remains highly sensitive to inflation data and options expirations.
