Bitcoin News Today: Bitcoin Shows Signs of Stable Bullish Phase Amid Reduced Speculation

Bitcoin is showing signs of entering a more stable and potentially bullish phase, according to analysis from cryptocurrency data firm CryptoQuant. The firm points to a reduction in speculative trading activity in Bitcoin futures markets, which typically indicates a market cooling down after a period of overheating. This shift, reflected in a "volume bubble map" that has transitioned from intense red clusters to more neutral gray and green areas, suggests that leveraged positions are being unwound and that retail and institutional investors are becoming more risk-averse [1].

The firm notes that this trend supports the idea that Bitcoin’s current price level—trading near $100,000—is being underpinned by more organic demand rather than speculative leverage. CryptoQuant also highlights that the normalization of futures volume, combined with Bitcoin maintaining a strong price above $100,000, is a positive indicator for a potential continuation of the bullish trend. If the low speculative pressure persists, the firm speculates that Bitcoin could break its previous all-time high of $123,000 and possibly set a new one [1].

The analysis is further supported by on-chain data, which shows increased accumulation and reduced selling pressure in recent weeks. This suggests that Bitcoin may be in a consolidation phase following its recent rally, potentially setting the stage for another upward movement. However, this projection does not factor in macroeconomic uncertainties, particularly the Federal Reserve’s upcoming interest rate decisions, which continue to influence investor sentiment and market liquidity [2].

Meanwhile, other digital assets such as Conflux’s $CFX token have seen contrasting performance. $CFX recently fell more than 27% in 24 hours after failing to break above the $0.27 level [3]. Despite this downturn, Conflux continues to push forward with strategic initiatives, including cross-border stablecoin projects and AI-powered payment integrations in the Asia-Pacific region. These include a pilot program for the AxCNH stablecoin in Singapore and Malaysia, which aim to expand the blockchain’s real-world use cases and adoption.

In addition, the network has launched a large-scale token burn and staking initiative to reduce circulating supply and improve its tokenomics model. These actions, along with new listing partnerships and increasing institutional interest, may help stabilize the token and drive long-term value [3]. However, technical indicators for $CFX show signs of weakness, with a failed breakout above key resistance levels and a bearish crossover in the MACD, suggesting a near-term price correction is likely [3].

While Bitcoin’s trajectory appears more favorable, market participants remain cautious about the broader macroeconomic environment. Analysts are closely monitoring central bank policies, particularly from the Federal Reserve, as they play a crucial role in shaping investor behavior and liquidity conditions [2]. The potential for a Bitcoin rally should therefore be viewed in this context—where external economic forces could either support or hinder the market’s next move.

Sources:

[1] Big Claim from Analysis Company: “Bitcoin Rally May Be Preparing for the Next Explosion”

https://coinmarketcap.com/community/articles/688a5d9a5351ea6fce535ebe/

[2] Source Close to the Fed Comments on Interest Rate Decision and FOMC Statement – Here's What You Need to Know

https://en.bitcoinsistemi.com/source-close-to-the-fed-comments-on-interest-rate-decision-and-fomc-statement-heres-what-you-need-to-know/

[3] $CFX Dumps 27% Overnight – Can These Asian Partnerships Spark a Rebound?

https://cryptorank.io/news/feed/bb3bd-cfx-dumps-27-overnight-can-these-asian-partnerships-spark-a-rebound