#MarketRebound The crypto market rebound, with Bitcoin near $110K (just 2% below its all-time high) and Ethereum reclaiming $2,600, shows bullish momentum but faces critical tests. Here’s the breakdown:
Factors Supporting a Breakout:
- Bitcoin Strength: Holding above $100K support after flushing $1.9B in leverage . Spot ETF inflows (e.g., $936M on April 22) signal institutional confidence .
- Altcoin Season: 47 of 56 altcoins outpaced Bitcoin recently, with tokens like SUI (+4.5%) and HYPE (+7%) leading .
- Macro Catalysts: U.S.-China trade talks and upcoming CPI data could fuel momentum if positive .