CryptoWorld News reports that, according to CoinDesk, analyst Markus Thielen said that Bitcoin’s recent price has climbed from $76,798.17 to nearly $80,000, but it is showing signs of fatigue. Low trading volume and muted derivatives activity have raised questions about whether the rebound can continue. Bitcoin’s weekly trading volume has fallen 17% from its average level, while Ethereum’s trading volume is down 20%. At the same time, funding rates have remained in negative territory, indicating caution among leveraged positions. Despite this, Bitcoin ETFs have recorded nine consecutive days of inflows, with total inflows of $2.5 billion in April, highlighting strong institutional demand. Although the rebound’s structure still looks fragile, Thielen warned that most market participants are largely in a wait-and-see mode, lacking strong market momentum.

BTC-1.08%
ETH-1.51%
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