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The crypto market saw sharp volatility this week as Bitcoin struggled to find a clear trend.
$BTC pushed up to 70,178 on Friday, marking an 11.3% jump in 24 hours. On the surface, the move looked strong — but zooming out tells a different story.
Despite the bounce, Bitcoin is still down over 14% on the week. At one point, price even slipped below $62,000, triggering panic selling before dip buyers stepped in. This recovery looks more like a reaction than a true trend shift.
So what’s really happening?
According to market analyst Antonio Di Giacomo, this is not a routine pullback. In comments to Investing News Network, he explained that the market is going through a structural transition. The old behavior — buying purely on upside expectations — is fading.
Instead, the market is shifting toward capital preservation. Risk appetite is declining, and investors are becoming more selective. The focus is moving away from aggressive speculation and toward safety.
One major signal supporting this view is Bitcoin’s changing correlation. Right now, BTC is no longer acting as “digital gold.” Instead, it’s moving closely with tech stocks, equities, and even precious metals. When all risk assets sell off together, it usually indicates one thing: liquidity is tightening across the board.
That pressure showed up clearly in derivatives markets. In a single day, more than $770 million in leveraged long positions were liquidated. This kind of liquidation cascade suggests that excess leverage is still being flushed out of the system.
Macro conditions aren’t helping either. A stronger US dollar and rising bond yields are creating headwinds for non-yielding assets like crypto. When yields rise, capital tends to rotate into safer instruments, putting additional pressure on Bitcoin and the broader market.
Looking ahead, the path remains uncertain. Di Giacomo believes Bitcoin is currently range-bound, lacking a clear catalyst. For a sustainable move higher, BTC needs to establish a solid base rather than oscillating around psychological levels. Until then, upside may continue to face selling pressure.
Meanwhile, $ETH has also seen renewed interest. Ethereum is trading near $USDC 2,052, up 10% in the last 24 hours, following Bitcoin’s bounce. While momentum looks positive, ETH remains highly dependent on BTC’s stability. If Bitcoin fails to hold key levels, Ethereum is unlikely to decouple in the short term.
Bottom Line
Friday’s green candles are encouraging, but fundamentals haven’t shifted yet. The market is resetting expectations — moving from “when moon?” to “how do I protect my capital?”
That doesn’t invalidate the long-term bullish case, but in the short term, traders should stay cautious and avoid mistaking relief rallies for full reversals.
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Ethereum (ETH) utrzymuje się powyżej 4 300 $ podczas gdy deweloperzy przygotowują się do dużej aktualizacji mającej na celu obniżenie opłat za gaz i poprawę skalowalności.

Czy ETH może przewyższyć BTC po tej aktualizacji? 🤔
#Ethereum #ETH #D
eFi