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In the short term, market focus will be on two key events: the further deliberation of the cryptocurrency bill by the U.S. Senate and the subsequent policy signals from the Federal Reserve.
WazirX founder Nischal Shetty pointed out that for developers, market consolidation periods are often the "best building cycles." Currently, infrastructure is continuously maturing, blockchain adoption is increasing, and practical applications such as payments, tokenization, and DeFi channels are steadily advancing.
In the long term, the ongoing inflow of institutional funds may provide structural support for the market. The asset management size of Bitcoin ETF industry has exceeded $120 billion, becoming an important demand source.
Analysts generally believe that if Bitcoin can hold the $95,000 support area, the market may experience a period of consolidation before retesting $97,000 or even challenging the $100,000 threshold.
If Ethereum can break through the resistance zone of $3,300-$3,330, it may open up room for an increase to $3,600 or even higher.
On the other side of the trading screen, a large transfer of Ethereum worth $90 million is taking place, with market maker Wintermute receiving this fund from an anonymous address. Smart money is quietly adjusting positions, and the total holdings of institutional Bitcoin ETFs have quietly surpassed $120 billion.
The market moves cautiously amid regulatory fog, with trading volume shrinking to $126.69 billion, and the Fear & Greed Index fluctuating at a neutral level of 54.
The heart of the crypto world is still beating, just with a more cautious and restrained rhythm.