Yes

>>Bitcoin rises amid uncertainty as experts disagree on the reasons behind the increase.

Bitcoin rises amid uncertainty as experts disagree on the reasons behind the increase.

crypthub

about 20 hours ago

Bitcoin's Current Trajectory

Bitcoin began Asian trading above $123,000, exhibiting a strong rally fueled by ETF inflows and accumulation. Analysts describe the movement as aggressive, underpinned by conviction that this isn’t the peak. Several signals suggest a continued bullish trend, with capital rotating from AI equities into assets like gold and Bitcoin. Market watchers indicate on-chain profit-taking remains below historical peaks, suggesting further upside.

Potential Risks and Market Dynamics

Despite the bullish outlook, rising open interest and high funding rates raise concerns about complacency. The market presents a "strong trend, weak hands" setup, potentially requiring a leverage reset. Analysts caution that a sudden shift in momentum could trigger a sharp decline. The market is carefully balancing current strength with underlying vulnerabilities.

Other Asset Performance and News

Ethereum is stable at $4,516, supported by ETF inflows and anticipation of a future upgrade. Gold reached a record high above $4,000 driven by geopolitical uncertainty and central bank demand. Japan’s Nikkei 225 saw gains driven by SoftBank’s acquisition and optimistic views on the new Prime Minister's economic agenda.