Trump’s Tariff Twist + ETF Drama = Bitcoin’s Next Explosive Rally?
1. Bitcoin Consolidation Near $95,000
- Bitcoin (BTC) is hovering around $95,000, with the crypto market cap approaching $3 trillion. Analysts suggest prolonged consolidation could lead to an explosive upward move .
2. Spot Bitcoin ETFs See Outflows After Strong Inflows
- U.S.-listed spot Bitcoin ETFs recorded $56 million in outflows, ending an eight-day streak of inflows totaling nearly $3 billion .
3. Negative Funding Rates Signal Whale Accumulation
- BTC’s funding rates have been negative for the past week, a rare occurrence that historically precedes strong upward trends. Analysts suggest whales may be positioning for a breakout .
4. Macroeconomic Factors Influencing Sentiment
- Traders are watching Trump’s tariff negotiations with South Korea, India, and Japan, as well as progress with China. These geopolitical moves could impact market dynamics .
5. Key Resistance and Potential Breakout Levels
- BTC has been consolidating between $93,000 and $95,000 since April 25. A breakout above the 200-day moving average ($3.01 trillion market cap) could push the market toward $3.5 trillion .
6. Upcoming Labor Market Data as a Catalyst
- Analysts point to Friday’s U.S. jobs report as a potential trigger for Bitcoin’s next major move .
