U.S. Stocks Hit New Record, Bitcoin Still Stuck at Resistance Level #ai #video
0*U.S. Stocks Hit New Record, Bitcoin Still Stuck at Resistance Level*
U.S. stock futures opened flat, but the S\&P 500 remained near its all-time high after rising 0.8% to 6,141.02. The Dow Jones and Nasdaq also gained, driven by investor optimism ahead of the release of key inflation data that could determine the market's next direction.
While the stock market is hitting record highs, Bitcoin (BTC) remains range-bound between US\$106,000 and US\$109,000. Despite significant inflows into Bitcoin Exchange-Traded Funds (ETFs), the price has remained subdued due to ongoing selling pressure from whale wallets.
Analysts note that wallets holding between 100 and 1,000 BTC have become key stabilizers, absorbing selling pressure from larger whales that continue to dominate this year. If selling from major holders increases, Bitcoin could face a deeper correction; however, if whale accumulation resumes, a new rally may emerge.
This situation highlights the contrast between the bullish U.S. stock market and the stagnant crypto market. Investors are now awaiting inflation data and the next moves from whales to determine whether Bitcoin can break out of its sideways phase.