HarryPotterTrumpSonic100Inu (BTC)

$8T asset manager Fidelity says Capital rotated from Bitcoin into gold at the top, now reversing back into $BTC.

"Bitcoin is starting to act like a safe haven, while gold behaves like a risk asset." https://t.co/f4MwQWq2pz

According to Zizcrypto @_Crypto_glass:

The current BTC is not at a “bottom” but at an “overheated correction stage”.

The price is above the Realized Price (around 54.1K), and the Z-score remains in the positive zone (around +11), maintaining a high level.

At the June 2022 bottom, the Z-score dropped to -4, indicating clear stress, but this time such a collapse has not occurred.

Also, the Market Heat Score bottom signal has not lit. The combination of a “deep negative × bottom signal” seen in past accumulation phases has not yet been confirmed.

According to GugaOnChain @GugaOnChain

The current BTC market is in a risk-off phase due to geopolitical risks, while a clear structural shift is occurring within Binance.

USDT inflows have reached about 9 times the level at the previous all-time high, and BWCI is at 74.58%, the highest in a year. Large players are absorbing panic sells, and the “quality” of liquidity is actually improving.

Furthermore, this capital is being used as collateral for derivatives, supporting the expansion of open interest (OI). Binance is now the core market that aggregates the most “immediately deployable” funds.

However, without accompanying ETF flows, the $54K scenario remains possible. Liquidity exists, but the market is awaiting a final macro-driven decision.