đ **Bitcoin Rally Fueled by Spot Market Activity!** đ
Bitcoin (BTC) is on a bullish run, driven by aggressive spot market activity! According to a Bitfinex Alpha report, on-chain metrics are showing strong momentum for BTC. The rising inflows into U.S. spot Bitcoin ETFs are a clear sign of growing confidence among both retail and institutional investors. đ
**Spot Activity Leading the Charge**
The Spot Cumulative Volume Delta (CVD) data reveals that BTC's price surge is primarily due to spot market orders. This kind of buying behavior is seen as more sustainable, reflecting a direct commitment of capital rather than speculative bets. đȘ
**Resistance Levels Ahead**
BTC has hit the $60,500-$61,000 resistance level, a critical point since early March. Analysts are cautious, noting that the spot CVD has remained flat, which could stall if a de-risking event occurs around the Federal Open Market Committee (FOMC) meeting. â ïž
**Market Volatility on the Horizon**
With the Fed's upcoming rate cuts, the market is bracing for potential volatility. Whether the cut is 25 or 50 basis points, investor behavior could swing between cautious de-risking and continued bullish momentum. đȘïž
Stay tuned, BTC enthusiasts! The crypto market is buzzing with excitement and anticipation. đ
