COINOTAG News reports on May 6th that a recent study from 10x Research highlights a notable 25% increase in Bitcoin over the past month, attributed to strong ETF fund inflows and institutional spot buying. However, emerging indicators, including the Coinbase premium reversal and subdued funding rates, imply a potential decline in bullish momentum. Although the options skew suggests there could be some residual upside for Bitcoin, broader economic pressures are mounting. The Federal Reserve maintains a neutral stance ahead of its upcoming meeting, while market volatility has begun to creep upwards, compounded by uncertainties surrounding tariffs. Currently, the market appears poised for possible consolidation around the $95,000 mark, with traders keenly awaiting fresh catalysts. This environment necessitates prudent risk management strategies rather than impulsive trading decisions.
Bitcoin Soars 25% Amid ETF Inflows but Faces Mounting Macro Pressure: Key Insights and Strategic Positioning

In Case You Missed It: Bitcoin Faces Critical Resistance: Analysts Predict Potential Drop to $89,000