🔥🔥In the past few days, BTC has been consolidating with resilience beyond expectations — initially, it was expected to dip below
$115,000 within two days, but it has held up against the pressure and hasn't fallen much.
In contrast, altcoins haven't been so stable, with many showing significant declines.
From on-chain data, two trends are worth monitoring:
Firstly, stablecoins continue to flow out, and there hasn’t been a significant influx of large funds into exchanges; secondly, BTC continues to flow out of Coinbase.
This indicates that institutions are quietly accumulating BTC, but the path has changed — more are doing so through ETFs and over-the-counter transactions, rather than traditional exchanges like Binance. On the other hand, altcoins are lacking in funds: institutions show little interest in altcoins, and even primary market investment funds have been left frustrated by project teams. Unless there is a large-scale interest rate cut, it will be difficult for altcoins to rebound.
The good news is that catalysts are getting closer: this week, Trump will release a cryptocurrency policy report, likely bringing positive news; the Bank of Korea has also established a new virtual assets group under the Financial Payment Bureau to promote the development of cryptocurrencies locally.
In about 5 days, when the BTC price approaches the MA30 moving average, a new wave of increases may be triggered. In terms of operations, if mainstream coins like BNB and SOL drop another 3% or more, it may be worth considering gradually buying the dip.
