BTC Nears $100K Again as Market Awaits Key Economic Data
Bitcoin is once again approaching the critical $100K mark after facing significant selling pressure in December. Unlike the previous breakout on December 5th, funding rates are stable, suggesting a short squeeze is unlikely in the near term.
Market sentiment remains neutral, reflected by subdued front-end volatility and balanced options skew. With no major crypto-specific developments on the horizon, the focus has shifted to macroeconomic events, including the U.S. jobs report on January 10th, preceded by the JOLTS report on January 7th and ADP data on January 8th. Any potential catalysts related to Trump are expected to emerge only after his inauguration on January 20th.
What are your thoughts?
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