
Potential for Bitcoin volatility caused by rate cuts is quite high — Bitfinex
Sell-off after rate cuts, nearing resistance, and overall bullish indicators paint Bitcoin's landscape this week, according to analysts.
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Ethereum and Solana echoed Bitcoin's movements, with both giving up the previous day's gains within the last few hours.

Long-term holders are especially accumulating more Bitcoin, following four months of divesting their holdings after the all-time high.

The flagship crypto was still up 3.75% over the past 24 hours and trading at $60,770 as of press time,

The liquidity concentration issues got worse since the launch of spot Bitcoin ETFs in the US, adding risks of sharp weekend price swings.

The average price of short-term Bitcoin investors sits at $64,860, which could trigger capitulation if another sell-off happens.

BTC and ETH still have significant challenges in the short term, as they must conquer key supports in the daily chart.



