
Phyrex|May 29, 2025 19:59
Despite continuous positive news in the past two days, including the approval of 401 (k) retirement accounts to allocate encrypted assets and the 14 day suspension of the Trump administration's basic and equivalent tariffs by the court, the price of Bitcoin has still been under pressure, falling for three consecutive days and intensifying its divergence from the US stock market. In contrast, the US stock market continues to rebound, while MSTR is showing signs of leading reaction.
From the on chain data, although the price has rebounded, the turnover rate has actually decreased, and there has been no obvious panic. The current support range remains stable between $93000 and $98000. Short term loss chips continue to change hands, while long-term holders remain cautious, and the market is in a state of waiting for macro signals.
Core PCE data will be released tomorrow. Although the expected impact is limited, if the results are better than expected, it may provide a short-term boost to market sentiment.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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