The main chips such as Dogecoin (Doge), Cardano (ADA) and Solana (Sol) fell more than 5% in the last 24 hours as the merchants moved to obtain some profits after a strong one week.
The widest cryptographic market arose along with risk assets last week, fed by macroeconomic tail and renewed optimism of investors, but signs are arising that some overheated segments may be due to a pause.
“Bitcoin has been around the level of $ 104,000 for the sixth day, experiencing a greater rotation,” said Alex Kuptsikevich from FXPro to Coindesk in an email. “This is a highly anticipated behavior as we approach the maximum of December and January, which served as inflection points.”
“Ether quotes around $ 2615, since it could not be consolidated above the $ 2700 brand, around which the 200 -day mobile average also passes. It is likely that after gathering 55% in the last seven days, the second cryptocurrency in capital letters will probably stop or start a correction with a potential objective at $ 2400,” Kuptsikevich warned.
The feelings indicators also reflect a growing exuberance, with the cryptographic index of fear and greed playing 73, bringing the typically associated levels with overheated conditions, as noted on Tuesday.
At the beginning of the week, the risk appetite increased after a combination of positive inflation data from the United States, strong profits from the China technology sector and an advance of the US trade agreement -China promoted global capital markets. Crypto continued, with Bitcoin briefly exceeding $ 104,000 and Ether rose to $ 2,700, before both rapes with resistance.
“The profits of the China technological sector increased due to the announcement of the commercial agreement between the United States and China, which led investors to wait for greater investments and innovations such as AI last year,” said Haiyang Ru, Co-Co-Co-Co-Coad of the Hashkey Exchange Business Group, in a telegram message.
“In addition, a monthly report revealed that the inflation of the United States was less than expected, adding more fuel for continuous execution in the markets,” Ru said.
Even so, institutional activity remains robust. Santiment data at the beginning of this week showed medium -sized bitcoin holders, or wallets with 10 to 10,000 BTC, had accumulated more than 83,000 BTC in the last month.
🐳🦈 Bitcoin’s Key Whale & Shark Tier (with 10-10k BTC) has now accumulated 83,105 BTC more in the last 30 days. Meanwhile, smaller retailers (who have <0.1 BTC) have thrown 387 BTC in the same period of time.
For both levels, these are significant movements in relation to … pic.twitter.com/xg5fmf57gq
– Santiment (@Santimentfeed) May 13, 2025
Meanwhile, the next inclusion of Coinbase in S&P 500 on May 19 is considered a short -term catalyst for the sector, and some analysts that estimate the demand for passive funds for shares could exceed $ 9 billion.
“We believe there is more space for digital assets to recover, especially when the inclusion of coinbase in S&P 500 on May 19 is approaching,” said QCP Capital, based in Singapore, in a telegram transmission at night.
“The story tells us that the inclusion of the index tends to act as a short -term catalyst, since passive managers adjust their assignments to track the reference point more closely,” the background said.
