Bitcoin Pushing Higher, But Why Does This Bull Run Feel So ‘Flat’?
The post Bitcoin Pushing Higher, But Why Does This Bull Run Feel So ‘Flat’? appeared on BitcoinEthereumNews.com. Bitcoin breaks key resistance, holds $106,300, keeping bullish momentum alive. Institutional treasury moves drain liquidity, making this cycle feel flat. Altcoin rally expected, but slower due to institutional market dynamics. Bitcoin has managed to break above an important resistance level ($109,000) on its chart for the second time this month. The first breakout happened on July 2nd, followed by a rally, a minor pullback, and now another move higher. So far, key support zones have held firm, keeping bullish hopes alive. If Bitcoin can stay above $106,300, there’s a good chance it continues climbing. But there’s a catch. According to market veteran Willy Woo, the market is now in a tricky late-stage bull market zone, where the risk is high and liquidity isn’t as reliable as before. Woo points out that while the system is bigger and more stable than past cycles, it is now dealing with a more macro-driven, institutional market, and that changes the game. Why This Cycle Feels “Flat” In previous cycles, Bitcoin and altcoins like Ethereum, Solana, and meme tokens would shoot up together in explosive, short-lived rallies. This time, Woo explains, the market feels “a little flat” Part of the reason is that a lot of capital and liquidity has been sucked out of the market by publicly traded treasury companies. These firms sell their Bitcoin holdings to buy shares in Bitcoin-holding companies like Strategy (former MicroStrategy) and MetaPlanet, who then buy Bitcoin for their own treasuries. Related: Hidden Weakness? Why Bitcoin’s Low Trading Volume Is a Major Warning Sign It’s a clunky, less efficient loop, and it’s drained some of the fun and volatility from the crypto market. As Woo put it, “That’s my explanation for why it feels a little flat this cycle.” What About Altcoins? When asked about whether altcoins will get…
The post Bitcoin Pushing Higher, But Why Does This Bull Run Feel So ‘Flat’? appeared on BitcoinEthereumNews.com.
Bitcoin breaks key resistance, holds $106,300, keeping bullish momentum alive. Institutional treasury moves drain liquidity, making this cycle feel flat. Altcoin rally expected, but slower due to institutional market dynamics. Bitcoin has managed to break above an important resistance level ($109,000) on its chart for the second time this month. The first breakout happened on July 2nd, followed by a rally, a minor pullback, and now another move higher. So far, key support zones have held firm, keeping bullish hopes alive. If Bitcoin can stay above $106,300, there’s a good chance it continues climbing. But there’s a catch. According to market veteran Willy Woo, the market is now in a tricky late-stage bull market zone, where the risk is high and liquidity isn’t as reliable as before. Woo points out that while the system is bigger and more stable than past cycles, it is now dealing with a more macro-driven, institutional market, and that changes the game. Why This Cycle Feels “Flat” In previous cycles, Bitcoin and altcoins like Ethereum, Solana, and meme tokens would shoot up together in explosive, short-lived rallies. This time, Woo explains, the market feels “a little flat” Part of the reason is that a lot of capital and liquidity has been sucked out of the market by publicly traded treasury companies. These firms sell their Bitcoin holdings to buy shares in Bitcoin-holding companies like Strategy (former MicroStrategy) and MetaPlanet, who then buy Bitcoin for their own treasuries. Related: Hidden Weakness? Why Bitcoin’s Low Trading Volume Is a Major Warning Sign It’s a clunky, less efficient loop, and it’s drained some of the fun and volatility from the crypto market. As Woo put it, “That’s my explanation for why it feels a little flat this cycle.” What About Altcoins? When asked about whether altcoins will get…
What's Your Reaction?
