After the sharp volatility on Wednesday, Bitcoin prices have gradually stabilized, maintaining around $86,600 with fluctuations. According to data from The Block, as of early Thursday Eastern Time, Bitcoin has slightly increased over the past 24 hours, trading at approximately $86,670. Previously, Bitcoin briefly surged above $90,000 but then quickly retreated, indicating that market sentiment remains cautious.
Analysts point out that recent Bitcoin price fluctuations are mainly influenced by macroeconomic uncertainties, including rising global risk aversion, slowing inflows into Bitcoin ETFs, deleveraging in the derivatives market, and increased correlation with US stocks. Nick Ruck, Director of Research at LVRG, stated that the current trend more reflects year-end asset allocation adjustments, and the “Christmas rally” expectations are cooling down.
Vincent Liu, Chief Investment Officer at Kronos Research, believes that Bitcoin oscillating between $85,000 and $86,000 is a normal price rebalancing after an upward move. As capital enthusiasm wanes and leverage levels decrease, the market is waiting for new liquidity or clear catalytic events. Until then, sideways trading may remain the main theme.
Regarding whether a “crypto winter” will occur, Liu said the current risks are limited. He pointed out that as long as Bitcoin remains above the true market average of around $81,000, the overall structure remains healthy. Only if it effectively falls below this level should the market be alert to a deeper correction.
On the macro front, the Federal Reserve’s policy outlook remains a key focus. Although recent rate cuts have been consecutive, Fed Chair Powell hinted that rate cuts might pause in January. CME FedWatch shows a probability of over 70% that rates will not be cut next month. However, US President Trump’s latest comments have attracted market attention; he stated that the next Fed Chair will “firmly support significant rate cuts” and hopes the benchmark rate will be reduced to 1% or lower. If a new candidate is confirmed, it could have medium- to long-term impacts on Bitcoin and the overall crypto market.
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 community gospel! The first quantum-resistant Bitcoin trading solution that requires no soft fork, QSB, is here
StarkWare’s Avihu Levy publicly unveils a post-quantum bitcoin trading scheme, “Quantum Safe Bitcoin (QSB),” which can fend off quantum attacks without modifying the Bitcoin protocol. QSB addresses the quantum-safety problem using a hash function; it runs within the existing framework, and each transaction requires roughly $75 to $150 in computational fees. The scheme has not yet been integrated into consumer wallets, so users should avoid reusing addresses and monitor the wallet development progress.
ChainNewsAbmedia33m ago
Bitcoin spot ETF had net inflows of $358 million yesterday, with BlackRock’s IBIT recording a $269 million inflow in a single day
On April 9, Bitcoin spot ETF total net inflows were $358 million, BlackRock ETF IBIT had net inflows of $269 million, and historical total net inflows reached $63.59B. Fidelity ETF FBTC had net inflows of $53.3345 million, with total net inflows of $11.03B. Currently, the total assets net asset value of Bitcoin spot ETFs is $93.29B.
GateNews50m ago
Fed Minutes Keep Bitcoin Traders Guessing as Iran Risk Clouds the Next Four Weeks
The Federal Reserve's recent minutes revealed mixed signals on potential rate changes, influenced by inflation and geopolitical tensions. Bitcoin's price is currently around $71,000, with analysts divided on its future amid these macroeconomic pressures, relying on factors like the Iran ceasefire and inflation trends.
CryptoNewsFlash57m ago
Liquid Capital founder Yihua Yi: Long-term bullish but must respect market cycles; currently focusing on AI transformation
Liquid Capital founder Yi Lihua analyzed the reasons the market is under pressure during an AMA, emphasizing that the long-term outlook remains bullish on ETH, but that the market cycle and volatility must be respected. He pointed out the importance of AI technology for business transformation and shared his successful experience investing in companies after they adopted AI for transformation.
GateNews1h ago
Suspected that Matrixport opened a $197 million BTC/ETH long position last month on an address, and is currently up $5 million
Gate News message: On April 10, according to monitoring by The Data Nerd, last month (March), a wallet address that is suspected to belong to Matrixport opened two long positions on BTC and ETH with a total value of about $197 million. As of now, the address shows an unrealized gain of about $5 million and still holds these positions.
GateNews1h ago
