Luc Jose A.

Bitcoin reached $74,000 and the rally left its marks. Indeed, a wave of liquidations swept away the most exposed positions, hitting short sellers first. This movement raises questions: what drives the market in the short term? Two key readings emerge. The first is related to microstructure, with pockets of liquidity likely to serve as benchmarks for upcoming movements. The second comes from institutional flows, driven by the return of inflows on US spot ETFs.

The enthusiasm around companies accumulating cryptos seems to be coming to a halt. Flows to these companies specialized in crypto treasuries have just dropped to their lowest level in nearly a year, signaling a clear slowdown in the momentum observed after the 2024 US election. According to DefiLlama data, investments in these structures are contracting as the market goes through a correction phase. Can the crypto treasury company model withstand a less euphoric market?

XRP attracts market attention again. While Bitcoin and Ethereum ETFs record outflows, the Ripple-linked token benefits from sustained inflows and a favorable technical setup. A recent chart breakout paves the way for a target set at $1.95. Between chartist signals and institutional dynamics, the market now assesses the strength of this movement.

Geopolitical tensions revive market reflexes. In times of uncertainty, investors traditionally turn to assets perceived as safe havens. For Robert Kiyosaki, bitcoin could benefit from this dynamic. The author of the best-seller "Rich Dad, Poor Dad" believes that the recent surge in gold is a strong signal. According to him, this movement could herald a forthcoming surge in crypto, in a context where investors seek alternatives to traditional financial assets.

Ether reserves on trading platforms have just reached a multi-year low. In a few weeks, millions of ETH have left centralized exchanges, reducing the supply immediately available for trading. This movement occurs while the price hovers around 2,000 dollars, in a market searching for direction. Such a contraction of reserves changes the balance between liquidity, selling pressure, and accumulation dynamics.

For 24 hours, XRP has been moving independently of bitcoin. A rare divergence in a market where correlation with BTC usually dominates altcoin dynamics. While bitcoin tries to stabilize its price, Ripple's token follows a distinct trajectory, amidst persistent bearish pressure. This movement comes as XRP's trading volume grows significantly.

The $1 threshold is once again a point of vigilance for XRP. According to data from the derivatives markets, up to $650 million in positions could be exposed if this technical level is breached. Indeed, the charts indicate a weakening of the price structure and suggest a possible drop below this symbolic support. The market is entering a decisive phase where the technical momentum could quickly intensify.

Amid rising tensions in the Middle East, bitcoin surpassed 70,000 dollars without causing massive sell-offs. No sharp movements, no visible capitulation in on-chain data. While geopolitical crises have often triggered rapid pullbacks in risky assets, BTC holders show unusual calm. This contrast questions the current strength of the market and its ability to absorb the international shock.

Michael Saylor continues his offensive on bitcoin. Strategy has just announced a new massive purchase, further strengthening a balance sheet already dominated by the flagship asset. This operation, the 101st since the beginning of its accumulation strategy, takes place in a market context closely watched by institutional investors. With each acquisition, the company increases its exposure and confirms an intact conviction: making bitcoin the central pillar of its treasury.

Bitcoin cycles never trigger by chance. They emerge when macroeconomic and technological dynamics converge. Today, NYDIG identifies an unprecedented alignment: the rapid rise of artificial intelligence and the prospect of a more flexible monetary policy could create a favorable environment for bitcoin. In a context where markets anticipate financial easing, this combination could shift the balance of risk assets.

While gold trades near its historic highs, bitcoin remains in the background. This divergence draws the attention of some analysts. According to a recent analysis, the asset would appear undervalued today compared to the precious metal. A statistical gap which, in the past, has preceded marked market recovery phases. This signal revives the debate on the relative valuation of bitcoin against gold.

In the United States, the regulatory battle around cryptos is now playing out at the state level, and Indiana has just sent a strong political signal. Lawmakers have passed House Bill 1042, a text that frames the rights of crypto holders, prohibits certain taxes deemed discriminatory, and paves the way for asset exposure in public retirement plans. Transmitted to Governor Mike Braun, the bill could take effect as early as July 1 for the bulk of its provisions.

Shiba Inu has just sent a signal on the memecoin market: a price rebound that does not restart the derivatives machine. Over 24 hours, SHIB gains, but open interest falls, a sign of a shrinking appetite where conviction is measured fastest. In other words, the spot breathes while futures positions close.