As for the dynamics of the Bitcoin futures market: after reaching an all-time high, bears traditionally become active, opening short positions. In the current bullish cycle, the strongest pressure was observed immediately after the establishment of a new ATH.

Currently, this pressure shows signs of weakening, but there has been a qualitative shift in the nature of trading. Bitcoin is now significantly influenced by macroeconomic factors. This is due to the fact that Wall Street has easier access to BTC through ETF instruments, which has led to the dependence of the cryptocurrency on macroeconomic indicators.

In fact, Bitcoin has integrated into the traditional financial system and has become much more sensitive to the same indicators that determine the dynamics of classic financial assets, namely, Fed rates, inflation indicators and the geopolitical landscape.#analitics