Bitcoin, which experienced sharp declines due to many factors such as the US-China trade war initiated by US President Donald Trump and economic uncertainty, fell to the level of $74,000 at the beginning of April.
However, BTC, which subsequently experienced a major recovery, has increased by 25% in the last month.
As this upward momentum has weakened in recent days, 10X Research founder Markus Thielen evaluated the latest situation in Bitcoin.
Stating that Bitcoin has risen by 25% in the last month, supported by aggressive ETF inflows and institutional spot buying, Thielen said that emerging signals such as the decline in the Coinbase premium and weak funding rates indicate that this momentum is waning.
“The Bitcoin rally is showing signs of fatigue as the market awaits a new catalyst,” Thielen said.
“While the options market skew (reflecting the implied volatility difference between call and put options) suggests further upside potential, rising macroeconomic uncertainties and macro pressures are weighing on investor sentiment.
These include the Federal Reserve’s neutral policy stance ahead of its May 7 meeting, increased market volatility, and growing concerns about tariffs.”
According to the analyst, BTC is in a consolidation phase near the $95,000 level as investors wait for a new market catalyst.
The analyst concluded by stating that this is not the time to blindly take risks in Bitcoin, but rather to act tactically against well-defined risks.
*This is not investment advice.
