Deep Tide TechFlow News, April 30th, according to CoinDesk reports, the U.S. March PCE inflation data is about to be released, combined with rising international oil prices and climbing U.S. Treasury yields, continuously suppressing the performance of risk assets. Currently, Bitcoin faces significant resistance near $80k, and the derivatives market continues to signal risk aversion. Analysis indicates that short-term holders' cost basis is concentrated around $80k; if the price breaks through this level, it may trigger profit-taking selling pressure, thereby limiting further upside potential. Additionally, Bitwise researcher Luke Deans pointed out that the current 180-day correlation and Beta quantiles between altcoins and Bitcoin are close to 97% and 99%, respectively, implying that most tokens will still behave as "high-leverage versions of Bitcoin."

BTC0.8%
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