Bitcoin
It arises to a new record of all time on Wednesday he ran into a brick wall just below $ 110,000.
After reaching a record of $ 109,754, BTC quickly fell to approximately 3% to the $ 106,000 area. At the time of publication, the upper cryptocurrency was quoted just above $ 107,000 according to the Coindesk Bitcoin Price Index, modestly lower in the last 24 hours.
Other cryptocurrencies also received a success, with ether
And Solana is also slightly lower on the last day despite the fact that early Wednesday extends higher.
The reason behind the price action can be as simple as merchants who obtain profits in the rapid increase: Bitcoin was higher by almost 50% since he took a walk about five weeks ago. Probably contributing was the domino effect of a US Treasury bond auction. UU. Attract and reach risk assets.
A 20 -year -old bond sale sold by the United States Department of the Treasury saw a weak demand, sending the treasure yield of 30 years to 5.07%, its highest level in more than two years.
Bomb
The Nasdaq fell 1.5% just one hour shortly after the news, while the S&P 500 decreased 1.3%.
“This is a time pump, swept under the carpet,” said Josh Mandell, a fixed -income veteran for a long time turned into a Bitcoin analyst, before the poor sale of bonds this afternoon.
“We used to talk about the disaster that would occur if there was ever a ‘lost auction’ in the 30 -year -old bonds,” said Mandell. “A lost auction means that there were not enough offers to cover the offer … if not for the Fed, we would be experiencing a failure in reducing bonds at this time, which leads to non -compliance.”
Kirill Kretov, an expert in commerce automation in Coinpanel, said that the liquidity of exchanges has been significantly eliminated since the late 2024, “making the market thinner and more reactive”, leaving the price of Bitcoin vulnerable to wild swings.
“Structurally, there is space for upward explosives,” he said, but “a strong correction may happen at any time.”
The level of $ 110,000 has become a key battlefield in the current market structure, the well -of -rise cryptographic bias was observed in an X position, describing it as the critical area between a local and potential rupture point.
According to SKEW, there is a notable concentration of supply around this level, with binance perpetuals that show a request book on the requested side and an accumulation of short positions.
“Everyone points to a large amount of liquidity here, it is generally fundamental for the market,” said Skew.
