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Analysis: Bitcoin has held steady above $72,000, with no immediate signs of a rapid surge toward $80,000.
Svmuu News Bitcoin: The price is currently fluctuating above $72,000, Ethereum, with a slight increase. The market has entered a consolidation phase following the previous breakout. Although Bitcoin has successfully held above the $70,000 level—which had previously acted as resistance on multiple occasions—the expected rapid surge toward $80,000 has not yet materialized.Derivatives data indicates that bullish sentiment remains moderately strong, Bitcoin futures open interest (OI) has risen to approximately 680,000 BTC, hitting a two-week high, while open interest in futures for gold-pegged tokens XAUT and PAXG continues to decline, indicating that some capital may be flowing back into mainstream cryptocurrencies following a slowdown in gold’s rally.In the options market, demand for high-strike-price call options has increased, and 30-day implied volatility has remained stable overall, reflecting relatively calm market sentiment.Market expectations of a de-escalation in the Middle East have boosted risk assets. However, if shipping disruptions in the Strait of Hormuz drive up inflation, the Federal Reserve may be forced to maintain a tighter monetary policy. (CoinDesk)
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