🚨The most dangerous illusion tonight: BTC has dropped, so the bull market logic is gone.
BTC is currently around $64,190, down 0.76% in 24h; ETH is around $1,887, up 0.39% in 24h. The price action looks weak, but the funding situation isn’t weak:
① BTC’s 24h RSI is about 23, already in the oversold zone; BlackRock-related addresses withdrew 2,152 BTC, and institutional buy orders have reappeared.
② Net inflows to the ETH ETF in one day are about 31,277 ETH, and about 45,185 ETH over 7 days; new wallets and major whales combined have accumulated over 50,000 ETH.
③ Japan is moving to include crypto assets in the financial asset framework; the progress of the US CLARITY Act is heating up, and regulatory expectations are improving.
But don’t rush to go all-in: an address that has been dormant for 8 years has moved 5,908 BTC; the US government transferred 4,820 ETH to Coinbase Prime; geopolitical risk and profit-taking positions may still trigger a second wave of sell-offs.
My take: this looks more like a “high-volatility turnover zone,” not a mindless chase zone. If BTC holds near 63,900, there may still be a chance for an oversold rebound; ETH needs to reclaim and hold above $1,900 before the institutional narrative can turn into a price trend.
In a bull market, watch the money; in a bear market, watch the risks. Both sides are adding tonight.
Do you think the next move is an oversold rebound, or a continued dip to lower lows?
#BTC #ETH #加密货币 #Market analysis
For market observation only and does not constitute investment advice.
BTC is currently around $64,190, down 0.76% in 24h; ETH is around $1,887, up 0.39% in 24h. The price action looks weak, but the funding situation isn’t weak:
① BTC’s 24h RSI is about 23, already in the oversold zone; BlackRock-related addresses withdrew 2,152 BTC, and institutional buy orders have reappeared.
② Net inflows to the ETH ETF in one day are about 31,277 ETH, and about 45,185 ETH over 7 days; new wallets and major whales combined have accumulated over 50,000 ETH.
③ Japan is moving to include crypto assets in the financial asset framework; the progress of the US CLARITY Act is heating up, and regulatory expectations are improving.
But don’t rush to go all-in: an address that has been dormant for 8 years has moved 5,908 BTC; the US government transferred 4,820 ETH to Coinbase Prime; geopolitical risk and profit-taking positions may still trigger a second wave of sell-offs.
My take: this looks more like a “high-volatility turnover zone,” not a mindless chase zone. If BTC holds near 63,900, there may still be a chance for an oversold rebound; ETH needs to reclaim and hold above $1,900 before the institutional narrative can turn into a price trend.
In a bull market, watch the money; in a bear market, watch the risks. Both sides are adding tonight.
Do you think the next move is an oversold rebound, or a continued dip to lower lows?
#BTC #ETH #加密货币 #Market analysis
For market observation only and does not constitute investment advice.