Bitcoin (BTC) bounces again to eye contemporary all-time highs as a testing macro week unfolds for risk-asset merchants.
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BTC value motion dipped beneath $107,000 earlier than rebounding into the weekly shut, and a few are eagerly anticipating new report highs.
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US inflation knowledge meets bond market woes this week because the Federal Reserve reveals no indicators of chopping rates of interest.
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On exchanges, the taker purchase/promote ratio is inflicting concern for evaluation amid cooling order guide exercise.
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One whale, nevertheless, is having enjoyable — and his successive longs and shorts are being more and more watched in buying and selling circles.
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Funding charges aren’t spiking regardless of present costs — a key silver lining for value upside sustainability.
Bitcoin value discovery on the radar after rebound
Bitcoin swapped late-weekend weak point for features into the Could 25 weekly candle shut, a transfer which finally took BTC/USD above the $110,000 mark.
Volatility is constant because the week will get underway, with previous all-time highs from January a key space of curiosity.
Commenting, widespread dealer Daan Crypto Trades argued that regardless of the last-minute restoration, Bitcoin wanted a extra convincing near seal the probability of additional features subsequent.
The weekly candle closed at $109,100, per knowledge from Cointelegraph Markets Professional and TradingView — round $200 beneath the January excessive.
“Not an excellent wanting weekly candle for an all time excessive break. Typically you need to see sturdy continuation particularly contemplating the ~$2B+ in ETF inflows that got here in since breaching that earlier excessive,” he instructed X followers in one among his newest posts.
Forecasting an “fascinating week,” Daan Crypto Trades referenced the continued recognition of the US spot Bitcoin exchange-traded funds (ETFs), which final week took in $2.75 billion.
$BTC is forming a bullish penant right here.
It bounced again properly from help stage, which is an efficient signal.
Regardless of $1B lengthy place closing and low liquidity quantity, bears did not take BTC down.
I feel the following week might be good for BTC.
I can scent a brand new ATH once more. pic.twitter.com/4cQhrlINIb
— Cas Abbé (@cas_abbe) Could 25, 2025
Others have new report highs in sight thanks to cost motion reversing upward at just under $107,000.
“$BTC has accomplished the breakout. Now it is about follow-through,” fellow dealer BitBull summarized.
“Clear breakout from consolidation, retest underway. If this construction holds, the following goal zone is $155K in sight — Momentum solely wants a set off.”
Bond yields meet PCE in robust macro week
The Federal Reserve’s “most popular” inflation gauge highlights the week’s US macroeconomic knowledge prints amid the specter of rising rates of interest.
The Private Consumption Expenditures (PCE) Index print for April is due on Could 29, together with preliminary jobless claims.
These will observe the primary revision of Q1 GDP, whereas within the background, rising bond yields are inflicting concern. Final week’s risk of fifty% commerce tariffs on the EU from President Donald Trump appeared to worsen the state of affairs.
“It’s like clockwork: President Trump delays 50% EU tariffs till July ninth. Then, the 10Y Observe Yield immediately rises again above 4.55%,” buying and selling useful resource The Kobeissi Letter wrote in an X thread on the subject.
“Commerce offers are not containing the bond market.”
Kobeissi described rising rates of interest as Trump’s “largest downside,” warning of a deadly mixture of commerce offers and excessive benchmark rates of interest.
“The Fed refuses to chop charges and commerce offers are driving yields greater,” it summarized.
The minutes of the Fed’s Could assembly, at which officers determined to carry charges at present ranges, might be launched this week.
The most recent knowledge from CME Group’s FedWatch Device reveals subdued market expectations of a price reduce this yr, with no such motion anticipated earlier than the Fed’s September assembly.
Trade flash “bearish” momentum sign
Trade order books are one factor of the market giving analysts bearish indicators because the week begins.
In protection of the taker purchase/promote ratio, onchain analytics platform CryptoQuant introduced a “sturdy bearish” trajectory as each consumers and sellers wound down exercise.
“Throughout centralized exchanges (CEXs), each taker purchase and taker quick volumes have dropped considerably,” contributor Crazzyblockk wrote in one among its “Quicktake” weblog posts.
“This means a cooling in market order aggressiveness on each side, usually a precursor to decreased short-term momentum and elevated uncertainty.”
The taker purchase/promote ratio tracks the ratio of purchase to promote quantity throughout takers throughout perpetual swap trades, and on Could 25, it slid beneath the important thing stage of 1 for the primary time since early April.
Crazzyblockk thus concludes that sellers are “starting to dominate.”
“Concurrently, 7-day value volatility is spiking, a typical sign of market inflection zones,” the weblog put up continued.
“Present knowledge factors to a turning level in market sentiment. With purchaser exhaustion rising and volatility accelerating, the probability of a short-term correction will increase. Value motion might check help close to the 105K stage, if bearish stress intensifies.”
Earlier than final week’s macro-driven value retreat, Cointelegraph reported on taker knowledge conversely implying a contemporary spherical of upside due to buy-side stress remaining sturdy.
Hyperliquid’s Wynn heads to memecoins
Up or down, Bitcoin is at present a main goal for large-volume merchants getting into sizable speculative positions.
As Cointelegraph continues to report, one entity particularly, Hyperliquid’s James Wynn, has flipped from lengthy to quick and again once more inside a number of days.
Whereas only one “whale” dealer out of many, Wynn’s strikes have gained appreciable consideration, and with it sway over sentiment.
An preliminary $125 billion lengthy place was exited at a loss due to the newest US tariff headlines, with Wynn then getting into a brief. This, nevertheless, lasted a matter of hours earlier than he returned with one other 40X leveraged lengthy, BTC/USD reversing greater on the similar time.
Let’s reverse this double time
— James Wynn 🐳 (@JamesWynnReal) Could 26, 2025
“To all of the followers and haters: We had a superb run playing on perps,” Wynn wrote in a subsequent X put up saying his newest commerce exits, this time in revenue to the tune of $25 million.
To all of the followers and haters:
We had a superb run playing on perps
At peak the account was up $87,000,000 income from like $3-$4m.
Now determined to depart the on line casino with my $25,000,000 revenue
It’s been enjoyable, however now it’s time for me to stroll away a wynner
Wynn 1-0 Haters… pic.twitter.com/vuUiET2CQZ
— James Wynn 🐳 (@JamesWynnReal) Could 26, 2025
Monitoring his exercise, analytics platform Lookonchain revealed different crypto bets, together with a brand new lengthy place on widespread memecoin Pepe (PEPE).
Funding charges increase short-squeeze bets
Zooming out, Bitcoin’s present breakout is making some market members assured that value discovery is barely starting.
Associated: Bitcoin holds key help as HYPE, XMR, AAVE, WLD lead altcoin rally
Funding charges throughout derivatives platforms stay pretty impartial, they notice — an identical image to the run-up to earlier all-time highs seen in late 2024.
CryptoQuant knowledge places the cross-exchange Bitcoin funding price at 0.006 as of Could 25.
“Sentiment is calm. No overleveraged longs piling in,” widespread dealer Jelle thus responded to the numbers.
“This is without doubt one of the healthiest Bitcoin breakouts in a very long time – appears to be like ripe to maneuver so much greater.”
Crypto commentator Quinten Francois described the funding charges as reflecting a “good setup to tear greater.”
Well-liked dealer Crypto Eagles subsequently stated that the mix of low funding and rising open curiosity (OI) ought to increase the percentages of a brief squeeze.
That is one thing I needed to see and it has occurred.
BTC funding price has turned unfavourable, whereas OI goes up quickly.
Apparently, that is occurring throughout a low liquidity Sunday dump.
Bears are getting too assured right here and this all the time occurs earlier than a giant quick… pic.twitter.com/8RGIPsglxB
— Crypto Eagles (@CryptoProject6) Could 26, 2025
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
