According to external sources, Bitcoin has not been able to follow the POP 500 index in the recent past, and the more immediate reason behind it is not a weak mood, but a lack of additional funds in the encryption market. According to the article, the current price can be maintained near $64,000, indicating that the depression is not out of control, but liquidity remains a central constraint to drive a more sustained increase.
Stable currency supply is still shrinking.
According to the article, stable currency liquidity in the market has decreased by approximately $14 billion since mid-May. Stable currencies are often considered to be one of the most direct deployable funds in the encrypted market, whereby investors can buy assets such as bitcoins without additional injections into the exchange.
Against this background, the scalding of a stable currency would not automatically reduce the price of bitcoin, but would reduce the capacity of the market to absorb as it continues to attack. This also explains why the United States stock has continued to grow, while bitcoin has remained in the zone for most of the time.
Bitcoin's still stuck inside.
According to the article, bitcoin has fluctuated between $62,000 and $66,000 for most of the weeks, with the latest prices approaching $64360. Short-line kinetic energy has improved slightly from the previous period, and the RSI has stabilized near the short-term average of approximately $53,639,000.
However, prices remain below the more significant average near $663 million and have not yet broken the long-term resistance of $71.45 million. According to the article, this means that the market has not yet entered a clear phase of expansion, although it has fallen in the previous period.
Follow-up attention $66,000 to $67,000
According to the article, bitcoin is not completely out of reach. Leverage transactions, stock rotations and institutional buyouts can push prices up in the short term. But without a renewed expansion of the stable currency, the sustainability of such increases would be weaker.
Thus, there are two more interesting follow-up signals: whether to stabilize the return of the supply of coins, and whether bitcoin can effectively stand between $66,000 and $67,000. The article argues that, before these two conditions appear at the same time, they are now closer to price stability rather than a full rebound driven by new liquidity.