lockBeats news, on June 30, according to Decrypt, the market is focusing on this week's global macro events, including the European Central Bank's annual policy forum and Federal Reserve Chairman Powell's appearance on Tuesday. Although Bitcoin's price trend remains relatively stable, signals released from the derivatives and on-chain markets indicate that market volatility may soon return. Traders are closely watching changes in major central banks' policy statements, which could affect the overall risk appetite in both crypto and traditional markets.
Analyst Axel Adler Jr. stated that whales are transferring large amounts of funds to centralized exchanges, a pattern that, combined with declining exchange reserves and weakening inflows of stablecoins, usually signals that the market is about to experience severe volatility. As long as Bitcoin holds above $108,000, the basic scenario is a continued rise, with a target at $112,000.
