📈 $BTC Back Above $97,000 - But Watch for Cautionary Signals!

Bitcoin gained +2.5% over the past week, breaking above the $97,000 mark for the first time since February. This movement was partly fueled by strong earnings reports from major US companies (including Microsoft), which boosted appetite for risk assets.

⚠️ However, the macroeconomic outlook shows potential red flags:
— US GDP saw a 0.3% decline (YoY).
— Jobless claims rose to 241,000, exceeding forecasts.
— The market is increasingly factoring in expectations of a recession and potential Fed rate cuts.

💰 Despite macro concerns, inflows into BTC Spot ETFs totaled a solid $1.13 billion last week.

📊 Fear & Greed Index: 67 (Greed).

🪙 Ethereum Up 3.2%, Yet Trader Sentiment Skews Pessimistic.

$ETH is currently trading above $1800. However, internal market views differ, with 38% of traders expecting a drop to $1000 by year-end. Reasons cited for this pessimism include subdued network activity and the token's inflationary characteristics. The Fusaka hard fork is anticipated in the second half of 2025, though some planned EVM updates have reportedly been cancelled.

👀 Institutional Interest Turning Towards #SUI?

While SUI is currently slightly down by -0.94%, institutional attention is growing. Asset manager 21Shares has filed for a spot SUI ETF. Separately, Grayscale is exploring the SUI network's potential, viewing it as a possible bridge between Web2/Web3 technologies and Artificial Intelligence.

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