The price of bitcoin has entered an unstable trading range between $ 78,000 and $ 82,000 as rapid speed is low and traders react to transfer macroeconomic conditions.
After resumption of $ 90,000 last week, a “SAIL-The News” response for developments such as the US Strategic Bitcoin Reserve and White House Crypto Summit shared the earlier benefits, according to the latest bitfinex alpha report shared with Crypto.
Adding to instability, $ 3 billion in bitcoin (BTC) and atherium (ETH) option contracts ended last Friday, triggering significant value swings. The option market increases volatility above 80%, traders hedged the positions, jumping 35.7% further from the summit with inherent instability.
On-chain data revealed widespread losses, traders realized $ 818 million per day, especially on 28 February and March 4-according to the reports of the biggest daily damage of this cycle, according to the report.
Bitcoin measured output profit ratio, a major metric, which bitcoin holders are selling at a profit or loss, fell into the negative area for the first time since October 2024.
A reading below 1.0 usually indicates the sale of crisis. Short-term holders, in particular, saw significant disadvantages, with their SOPR at 0.95-the second largest negative reading of this cycle. If the bull holds the market structure, these levels can attract buyers, but extended weakness can give even more negative indications.
Emotion rating
Uncertainty in broad economy is also contributing to the hesitation of the market. The US job market with 151,000 jobs remains strong in February, but the unemployment rate between government job cuts remained up to 4.1%.
The wage growth remains strong, but inflation pressure and business disruptions pose risk for economic stability. The manufacturing sector faces challenges, in which new tariffs increase production costs and slow down new orders.
Meanwhile, regulatory changes can reopen the crypto landscape. President Donald Trump’s strategic bitcoin reserve now has a $ 137,000 BTC of $ 13 billion, which indicates a change in the US policy by selling the seized bitcoins, to maintain it as a national property.
Additionally, the administration is emphasizing for the StableCoin law by August and ending restrictive policies such as Operation choke Point 2.0.
In Japan, crypto-friendly tax reforms are being introduced, including digital assets on Crypto-to-Crypto swap and 20% capital gains tax on tax deficient. These changes can encourage more digital asset investment.
