Bitcoin / Crypto Market Structure: Bottom Signals Emerging
Multiple traders across sources are calling a potential bottom in BTC and alts, supported by NY session order flow data showing simultaneous spot buying and long positioning, though some urge caution about retesting lower ranges.
What we know
At the NY session open, an account on X flagged buyers on Coinbase and longs on Binance opening simultaneously, while another account on X confirmed algos opening longs with spot bid continuing. Another account on X drew parallels to 2024: 'Once bitcoin reclaims 86-92 we're going to see large caps come back aggressively.' another account on X noted charts look healthier than sentiment: 'price action is improving while everyone is still looking for reasons to be bearish.' another account on X sees SOL consolidating between $96-125, while another account on X warned of a possible revisit to last week's range. another account on X provided macro context: 'crypto moving up on dead volume weekend, Iran called off, Russia oil injection, pivotal FOMC' and speculated markets will be manipulated higher ahead of the Anthropic IPO.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.