Bitunix Analyst: Geopolitical tensions are rising on two fronts, BTC is constrained by 91000, and market risk premiums are increasing.

BTC1,14%

According to Mars Finance, on November 28, Russian President Putin responded to the US-Ukraine peace proposal, stating that the relevant text “could serve as a basis for future agreements,” but emphasized that if conditions cannot be met, Russian forces will continue military operations, reiterating that the legitimacy of the current Ukrainian regime and territorial issues remain core differences. On the other hand, US President Trump announced that the anti-drug operations against Venezuela will soon expand from maritime to land, while also significantly increasing military deployment in the Caribbean, leading to a notable rise in regional tensions. From a macro perspective, the prospects for Russian-Ukrainian talks remain highly uncertain, with negotiations and military advancements occurring simultaneously, indicating that geopolitical risks have not materially cooled; at the same time, the US's military and sanction actions in Latin America further elevate uncertainties in energy, shipping, and credit markets. Geopolitics is exhibiting a “dual mainline heating” pattern, with the global risk pricing logic shifting towards structural risks being disturbed across multiple regions. In the crypto market, the resurgence of risk aversion is placing short-term pressure on high-volatility assets. Bitcoin is currently constrained by technical pressure around 91000, with short-term bulls and bears repeatedly range-bound at high levels; the support focus is on the 89000–88000 range, and if this range is breached, it may further test the mid-term bull-bear dividing line around 86000. Observing the leverage structure, there remains a dense liquidation risk in the upper pressure zone, while the lower zone is mainly where defensive capital is congregated, indicating that the market has yet to form a consistent direction. Bitunix analysts state: the current crypto market is in a phase of “repricing macro geopolitical risks + technical high-level pressure + monetary easing + labor slowdown,” with capital flows showing clear conservative and short-term characteristics. In the near future, the core driver of market trends will more depend on whether geopolitical events show substantial cooling and whether risk capital is willing to re-engage with volatility, rather than a short-term breakthrough of a single technical pattern.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

'Bitcoin ETF Performance Pales Next to Gold': Mike McGlone - U.Today

Mike McGlone, a Bloomberg strategist, argues that Bitcoin ETFs may not drive long-term growth for Bitcoin, which has underperformed compared to gold. Despite recent gains, Bitcoin's performance seems capped, suggesting a potential peak in crypto enthusiasm.

UToday4h ago

Nunchuk Launches Open-Source Bitcoin Tools for AI Agents With 'Bounded Authority'

In brief Nunchuk released two open-source tools designed to let AI agents interact with Bitcoin wallets under strict limits. The system uses shared wallets and approval policies so agents cannot spend funds beyond defined rules. The tools aim to support automated financial tasks while

Decrypt4h ago

The U.S. government transferred 2.44 BTC to a certain CEX, worth about $177k

Gate News message. On April 10, according to Lookonchain monitoring, the U.S. government (funds seized involving Glenn Olivio) today deposited 2.44 BTC to a CEX, worth approximately $177k.

GateNews4h ago

BlackRock withdrew 2,700 BTC and 30,000 ETH from a certain CEX.

Gate News, April 10, according to Onchain Lens monitoring, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.

GateNews5h ago

Bhutan’s Bitcoin reserves are down by more than 70%, with the sovereign wealth fund DHI frequently transferring assets, drawing attention

The Royal Government of Bhutan recently transferred approximately $18 million worth of Bitcoin. Its holdings have decreased from about 13,000 BTC in 2024 to 3,774 BTC, a reduction of more than 70%. The assets are managed by Druk Holding, and the country uses hydropower to mine Bitcoin. The recent transfers may be related to infrastructure financing needs. Bhutan still remains one of the world’s major Bitcoin-holding countries.

ChainNewsAbmedia5h ago

Tom Lee: The market is showing signs of forming a bottom; Ethereum, BMNR, and Bitcoin are recommended.

Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.

GateNews5h ago
Comment
0/400
No comments