ChainCatcher news, according to Cointelegraph, market analyst Daan Crypto Trades stated that Bitcoin may continue to consolidate in the current range for a while, especially if the $90,000 level cannot be reclaimed. He pointed out that since March 11, the price movement of BTC has been "volatile." However, if the price returns to the previous range (above $90,000), sentiment and momentum will shift back in favor of the bulls, and once that happens, Bitcoin could quickly reach new highs. But if it fails to break through $90,000, Bitcoin may retest the price levels of $73,000 to $74,000.

ChainCatcher news, 10x Research published that despite the Federal Reserve's dovish stance, the Bitcoin market may still face upward resistance in the short term. The research institution pointed out that as long as the Bitcoin price remains below the resistance range of $90,000-$92,000, the overall market may continue to be in a consolidation phase.The Federal Reserve has lowered its growth expectations and slightly slowed the pace of balance sheet reduction (QT). Fed Chairman Powell emphasized that the recent rise in inflation may be temporary. Although this provides short-term support for risk assets, 10x Research believes that investors may remain cautious ahead of the Trump tariff announcement on April 2 and the start of the U.S. corporate earnings season on April 11. The report also noted that weakened consumer confidence and a deteriorating real estate market could lead to poor performance during the earnings season, and market structure indicators remain sluggish, suggesting that this rebound may struggle to gain significant momentum or push Bitcoin back into a broader bullish sentiment.

ChainCatcher news, Bitfinex alpha's analysis indicates that the continuous outflow of funds from the US spot Bitcoin ETF (totaling $921.4 million last week) suggests that institutional buyers have not returned with sufficient strength to effectively offset market selling pressure. Short-term holders are also still facing net unrealized losses, which exacerbates selling pressure. These investors, especially those who bought in the past 7 to 30 days, are often the most prone to panic selling.Historically, when the inflow of new funds slows down and the trend of holding costs changes, it usually indicates that market demand is weakening. As the support strength of Bitcoin above key levels gradually diminishes, this trend becomes increasingly evident. Without new buyers entering the market, Bitcoin may enter a longer period of consolidation or even decline further due to the continued exit of weak hands.

ChainCatcher news, Matrixport stated that the gold price has broken through historical highs, further reinforcing the narrative of Bitcoin as "digital gold." This trend has gradually emerged since the summer of 2023 when gold surpassed $2000.Currently, gold is not only viewed as a hedge against the inflation of U.S. debt but has also become a safe-haven asset to avoid tariff risks.With institutions like BlackRock driving market sentiment for Bitcoin, the status and momentum of Bitcoin and gold as alternative assets continue to rise. Although a gold price exceeding $3000 or Bitcoin reaching $100,000 may trigger short-term corrections, the overall upward trend is expected to continue.

ChainCatcher news, according to Cointelegraph, the chief researcher of the cryptocurrency research institution 10x Research, Markus Thielen, stated that Bitcoin may repeat its price trend in 2024, entering a long-term consolidation phase after reaching an all-time high at the beginning of the year.Thielen pointed out that the current Bitcoin chart is forming a "high-level tightening flag," which, although typically a bullish continuation pattern, currently shows signs of weakness, indicating "market indecision" rather than a clear bullish consolidation. Meanwhile, the spot Bitcoin exchange-traded fund (ETF) market has not shown a "buying the dip" mentality.Thielen believes there is a lack of evidence to support a strong price recovery for Bitcoin in the short term.

ChainCatcher news, Matrixport released today's chart indicating that the slowdown in stablecoin inflows is driving the crypto market into a consolidation phase, which may suggest that caution is needed for Bitcoin's future price movements. Data shows that the stablecoin minting metrics are highly correlated with Bitcoin's price trends; if this metric fails to rebound, any upward movement in Bitcoin will be difficult to sustain.Analysts believe that the current slowdown in stablecoin inflows may stem from two factors: stablecoin issuers have already built up sufficient inventory in advance, or overall market demand is declining. Regardless of the specific reason, the current crypto market has not yet seen a large-scale influx of new capital, which is a key factor in Bitcoin's consolidation.Additionally, this trend may be related to the hawkish tone of the Federal Reserve meeting in December 2024, which is expected to make institutional investors more cautious.

ChainCatcher news, according to Blockworks, YouHodler's market director Ruslan Lienkha pointed out that last year's consolidation phase for Bitcoin lasted for several months (even up to half a year) before the next wave of increase. However, he believes the current market environment is more complex."The pessimism in the U.S. stock market is prevailing, and concerns about a potential economic recession in the U.S. are also intensifying," Lienkha said. "Given these factors, the current consolidation period may evolve into a mid-term bear market."But Lienkha noted, "Although Bitcoin may potentially evolve into a safe-haven asset in the future, investors still view it as a high-risk asset at present, often reacting more dramatically to changes in market sentiment than traditional financial markets."

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media: "The Bitcoin spot trading volume is very active around $100,000. During the distribution phase, when new liquidity dries up, prices will fall. The key question regarding whether the Bitcoin market will face a multi-year bear market is: where will the new liquidity come from?I believe we may see a long-term consolidation similar to early 2024 (for example, between $75,000 and $100,000) until Bitcoin experiences positive news that brings new liquidity."

ChainCatcher news, according to CoinDesk, as Bitcoin prices continue to fluctuate below the $100,000 mark, several important events this week may bring volatility to the cryptocurrency market. FTX will initiate the first round of creditor payouts this week, targeting convenience creditors with claims not exceeding $50,000, who will receive full principal and 9% annual interest compensation. 10x Research founder Markus Thielen stated that the total payout for this round is approximately $1.2 billion, which is relatively limited in scale.Mena Theodorou, co-founder of the crypto trading platform Coinstash, expects that some of the payout funds will flow into the Solana ecosystem. He stated, "Considering FTX's previous significant investments in SOL and the Solana ecosystem, along with SOL's over 500% increase in the past year and the continuously growing on-chain activity and developer numbers, these funds are likely to flow back into the network."Other important events that the market is paying attention to include:Trump will have a conversation with Tesla CEO Elon Musk on Fox News on February 19, expected to involve topics such as cryptocurrency policy and regulation;The Federal Reserve will release the minutes from the January meeting on February 20, with the market focusing on inflation data and interest rate policy direction;The Consensus Hong Kong conference will open on Tuesday, expected to attract thousands of participants from over 90 countries.

According to ChainCatcher news, as monitored by the crypto market data analysis platform Santiment, several well-known tokens have seen significant transfers to exchanges in the past 24 hours as the cryptocurrency market continues to consolidate.Worldcoin (WLD) approximately 0.21% of its supply transferred to Bybit;Staked Ethereum (stETH) approximately 0.20% of its supply transferred to Bybit;Mantra (OM) approximately 0.20% of its supply transferred to Binance;Reserve Rights (RSR) approximately 0.14% of its supply transferred to Binance;Maker (MKR) approximately 0.12% of its supply transferred to Coinbase;Movement (MOVE) approximately 0.08% of its supply transferred to KuCoin.

ChainCatcher news, Bitfinex Alpha's latest report shows that the correlation between Bitcoin and the S&P 500 and Nasdaq has reached a new high for the year, while the implied volatility of options has decreased by 13% this week, indicating that traders expect price fluctuations to ease.On the macro front, the number of unemployment claims in the U.S. has risen to the highest level in three years, and the consumer confidence index has ended a six-month streak of increases, with growing concerns in the market regarding the Trump administration's trade policies and regulatory changes. On the institutional side, there has been a surge in applications for Litecoin, XRP, and Solana ETFs, indicating rising institutional investment interest, while the U.S. House Oversight Committee has launched an investigation into unfair banking services faced by crypto-related entities.

ChainCatcher news, 10x Research Research Director Markus Thielen released the latest market report stating that the price of Bitcoin may rise by 15% in the coming days, followed by a consolidation phase. Analysis shows that Bitcoin rebounded from $98,937 to over $107,000 on January 21, successfully retesting the wedge breakout level. Since the U.S. approved the spot Bitcoin ETF, Bitcoin has shown a pattern of rising between $16,000 and $18,000 each time, which suggests it could reach $122,000 in February.Bitfinex analysts also held a similar view in their market report on January 21, emphasizing that Bitcoin has demonstrated "impressive relative strength" compared to the stock market. Material Indicators co-founder Keith Alan, based on the cup and handle breakout pattern on the Bitcoin weekly chart, also predicts that Bitcoin will reach $122,000.

ChainCatcher news, according to Cointelegraph, since breaking through $90,000 for the first time on November 19, 2024, Bitcoin's price has consolidated in the range of $91,000 to $108,268. Multiple analysts believe that the current price consolidation is nearing its end.Analyst Rekt Capital pointed out that the current 4-week adjustment, with a decline of 15%, is close to its conclusion, significantly lower than the historical 30-35% retracement levels. Technically, the Bollinger Bands indicator shows that volatility is at an oversold level. Additionally, the market widely expects that after Trump takes office on January 20, he will issue an executive order favorable to cryptocurrencies, with bullish options trading on the Deribit options platform reaching as high as $12,000.Analyst Trader Tardigrade anticipates that the market may experience a strong rebound after completing the final round of corrections.

ChainCatcher news, Matrixport released today's chart report. The 7-day minting data of stablecoins shows that the pace of fiat currency inflow into the crypto market has significantly slowed down before the Christmas holiday, which may be related to the Federal Reserve's shift to a hawkish policy in mid-December.Due to the continued low activity of fiat deposits flowing into stablecoins, Bitcoin and other cryptocurrencies may continue to consolidate. Although the quiet period of the holidays has ended, there has not yet been a significant rebound in the inflow of funds into stablecoins. This indicator remains an important signal of changes in market demand, as an increase in stablecoin minting typically indicates a rise in demand for the cryptocurrency market.Currently, while there has been a slight rebound in stablecoin minting activity, its sustainability remains unclear. Only when this trend continues steadily is it possible to push Bitcoin out of the consolidation phase and back into a bull market.

ChainCatcher news, the Matrixport weekly report points out that macroeconomic headwinds and changes in global liquidity may lead Bitcoin into a consolidation phase. Although ETF inflows remain stable, the Federal Reserve's hawkish stance may limit further gains.The report suggests that Bitcoin's upward momentum is more influenced by Federal Reserve policies rather than the launch of ETFs. Technical analysis shows that the "shooting star" candlestick pattern indicates that the mid-term upward trend may be nearing its end.In a context of low implied volatility, options are seen as effective risk management tools. Traders can capture upward opportunities through call options or protect profits with put options.

ChainCatcher news, Real Vision CEO Raoul Pal predicts that the crypto market is entering the "Banana Singularity" phase. He divides the current market into three stages: the breakout in November 2024, the current consolidation period, and the upcoming altcoin season.Pal stated that as Bitcoin's dominance (currently at 58%) declines, the market will experience a comprehensive bullish trend, with core winners creating higher peaks. He also noted that the current market trend is similar to the 2016/2017 cycle, and the consolidation period is expected to end soon.

ChainCatcher news, QCP Capital's latest analysis points out that due to better-than-expected U.S. employment data, Bitcoin has pulled back to the support level of $95,000. JOLTS job openings surged to 8.1 million, exceeding the expected value of 7.74 million. The unexpected strength in the labor market has triggered risk-off sentiment, leading to a sell-off in risk assets as long-term bond yields rise.Bitcoin ETF inflows plummeted from $987 million to $52.9 million, a decrease of 94%. Among them, BlackRock's IBIT recorded a significant inflow of $596 million, while ARK and 21Shares' ARKB saw an outflow of $213 million.QCP Capital believes that this week's FOMC meeting and non-farm payroll data will further influence Bitcoin's trend. The market expects that Trump's inauguration will boost optimism, and the current pullback may serve as a buildup for a bullish rebound.

ChainCatcher news, Matrixport released today's chart report, indicating that fluctuations in global liquidity may put some pressure on Bitcoin. Historical data shows that changes in liquidity typically lead Bitcoin price movements by about 13 weeks. With the strengthening of the dollar following Trump's re-election, global liquidity measured in yuan is beginning to tighten, suggesting that Bitcoin may enter a consolidation phase in the near term.However, this consolidation is expected to be a temporary phenomenon. Overall, risk assets (especially Bitcoin) still demonstrate positive long-term potential. Nevertheless, in a weaker liquidity environment, traders should exercise greater caution, as these indicators have historically proven to be reliable market barometers.

ChainCatcher news, 10x Research stated in its latest report that the cryptocurrency trading environment remains complex and volatile during the U.S. Federal Open Market Committee (FOMC) meeting in December 2024 and the subsequent holiday season. However, there are still profit opportunities in specific areas. Bitcoin is in a consolidation phase during this period, showing no signs of a sustained upward trend, but fluctuating within a tactical trading range, which provides opportunities for strategic positioning rather than a simple bullish trend. While some initial enthusiasm is expected at the beginning of the new year, it is not the time to recreate the bullish sentiment seen from late January to March or from late September to mid-December 2024. A positive performance is anticipated at the start of the year, followed by a slight pullback before the release of the Consumer Price Index (CPI) data on January 15. If the inflation data is favorable, it may reignite optimism and drive the market up before Trump's inauguration on January 20. However, this momentum may weaken, and the market could slightly retreat before the FOMC meeting on January 29.From January to mid-November 2024, Bitcoin's dominance surged from 50% to 60%, creating significant resistance for altcoin performance. Although the dominance metric briefly plummeted to 53% within three weeks, igniting hopes for an altcoin season, it quickly rebounded to nearly 58% and then consolidated around 55%. This consolidation highlights Bitcoin's enduring dominance as the main driving force in the cryptocurrency market while also indicating that altcoins may face potential challenges—unless Bitcoin's dominance metric declines again.