Bitcoin Climbs Past $91,200 Following Strong Early Momentum
According to several specialized outlets, Bitcoin whales are displaying behavior that has historically preceded major price rallies.
Quick overview
- Conflicts in Asia and Latin America are impacting risk appetite, exacerbated by tensions between Donald Trump and the Federal Reserve.
- Bitcoin shows a slight increase, trading at $91,210.96, while Ethereum remains stable and altcoins face downward pressure.
- The strained relationship between the White House and the Federal Reserve, including potential criminal charges against Jerome Powell, is affecting crypto prices.
- Bitcoin whales are reducing leveraged long positions, which historically indicates a potential for a major price rally.
Conflicts in Asia and Latin America have weighed on risk appetite, now compounded by an escalating standoff between Donald Trump and the Federal Reserve.
The cryptocurrency market continues to show a stable, albeit moderately positive, trend. Bitcoin (BTC), which rebounded during the New Year rally, traded with relative stability last week and is now up 0.4% at $91,210.96, according to Binance.
Ethereum (ETH) is flat at $3,119.98. Meanwhile, altcoins remain under pressure, with Ripple down 3% and BNB falling 1%.
One factor weighing on crypto prices is the increasingly strained relationship between the White House and the Federal Reserve. U.S. central bank chair Jerome Powell revealed that the Department of Justice has issued grand jury subpoenas against the institution, even raising the possibility of criminal charges against him.
This adds to broader geopolitical tensions that have driven risk assets lower amid fears of further escalation following President Donald Trump’s capture of Venezuelan leader Nicolás Maduro. As a result, gold—widely viewed as a safe-haven asset—has surged sharply.
Is a Major Bitcoin Rally Ahead?
According to several specialized outlets, Bitcoin whales are displaying behavior that has historically preceded major price rallies.
Large investors holding more than 1,000 BTC are reducing leveraged long positions. When whales methodically trim leveraged longs rather than engaging in panic selling, Bitcoin has historically resumed strong upward momentum once selling pressure is absorbed.
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