After the scattered bitcoin gathering on Sunday, the leading encryption assets returned to levels less than $ 84,000, as it recorded a 10 % decrease in the past 24 hours. Market experts attributed this decline to the lack of positive feelings among the United States investors.
Ki Young Ju, founder and CEO of the Cryptoquant market analysis platform, Secure Bitcoin market will continue to struggle until feelings improve between American investors.
Bitcoin market slow
Joe stated in a previous tweet that the BTC whale on the largest American encryption exchange, Coinbase, led the increase on Sunday. Their efforts were clear in the Coinbase Premium, which Rise From -0.05 to 0.15, where the value of Bitcoin jumped by approximately $ 10,000 within three hours.
The announcement of US President Donald Trump from $ 85,166 to $ 94,590, including BTC, ETHER (ETH), Ripple (XRP), Cardano (ADA) and Solana (SOL). Before the assembly, BTC and the broader encryption market struggled, with the leading digital assets decreased to a range of $ 78,000 for the first time since November 2024.
Currently, BTC wiped all the gains recorded on Sunday and was trading about $ 83,000 at the time of writing this report. The Coinbase premium index fell to its steps and decreased to -0.072, a lower level than the range registered before the assembly on Sunday.
It should be noted that the high Coinbase Premium indicates a high demand for BTC among American investors, while diving in the scale indicates a decrease in demand.
The bull cycle is still sound
The Cryptoquant founder pointed out that although the current market feelings are completely different from late last year when the Coinbase Premium is mostly above 0, the bull cycle is still intact.
According to JU, the market does not witness any great activity on the series, the basics are still strong, and the main neutral indicators. In addition, more bitcoin mining platforms come online, indicating that miners are not characterized. However, the probability of the bull cycle at this stage is still in place.
“If the course ends here, this is a result that no one wants – not ancient whales, mining companies, tradfi, or even Trump. (For your information, the market is not interested in retail trade.)
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