⚡️Bitcoin is stuck at the 77,500 critical level. Is Goldman Sachs teaming up with Iran to stir things up again?



Yesterday, Bitcoin just touched 79k and then backed off. Now it’s oscillating around 77,500, neither rising nor falling, with both bulls and bears waiting for a clear direction. Goldman Sachs’ latest report says retail risk appetite has rebounded to pre-Iran tension levels, with $125 billion pulled out of money market funds, flowing into risk assets—BTC spot ETF saw nearly $2.5 billion in net inflows in April, and whales bought another $3.9 billion worth of Bitcoin. On one side, institutions are accumulating, while on the other, expectations of rate cuts are cooling and the dollar is strengthening. ETH remains weak and sluggish, indicating the market isn’t truly experiencing FOMO.

Interestingly, big money is hesitating, while small coins are dancing wildly. $PENGU surged 10% in a single day, and $OL also jumped 9% thanks to platform transformation and community buybacks. Small-cap assets are highly volatile, but don’t forget their total market cap is around $5 billion—don’t get carried away.

The most worrying thing now is the large number of longs being liquidated above $80k. If 77,500 support fails, it could trigger a chain reaction of liquidations. If it holds and quickly rebounds, it might signal some bullish intent. Currently, the market is consolidating with low volume; I prefer to watch more and act less.

Is the bear market still here? $BTC $GT #WCTC交易王PK #伊朗提出霍尔木兹海峡重开协议条件 #以太坊基金会解质押约4890万美元ETH
BTC-1.79%
GT-1.49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin