Main takeout:
Fidelity Digital Assets say that Bitcoin is low and the company has an optimistic intermediate view.
The JOLTS report raised investors’ hope for interest rates as the US open jobs dropped sharply.
According to Fidelity Digital Assets, BTC (Bitcoin) ‘s middle prospects fell to the “optimism” area, as mentioned that BTC tended to be “underestimating.”
As evidence, the company cited the ‘Bitcoin Cardstick’ indicator, which measures the value of BTC’s market cap into hashrates. The lower ratio indicates that Bitcoin is “cheap” compared to the energy security of the network.
In the first quarter of 2025, the Metric stayed between -1 and three standard deviations, cooling at the 4Q overheating level in 2024. More than 2 standard deviations have fallen from 22 to 15, indicating that there are more than three people and that bitcoin is cheaper than the network strength.
The investment company mentioned that Bitcoin is in the “acceleration stage,” and warns that the new best rally is not uncommon, but it can be a blower off -top.
Non -oil supply rises from 61.50%to 63.49%, while liquid supply decreases by 4%, indicating that the holder is increasingly working in long -term positions. The non -oil supply shock rate is currently 16% lower than the 2017 peak.
Cointelegraph reported that Blackrock’s IBIT (Ishares Bitcoin Trust) ETF recorded a significant inflow of $ 99 million in April 28, 2025, and recorded the second largest inflow since its launch in January 2024.
Since April 22, IBIT has recorded a net inflow of more than $ 4.5 billion, ignoring a wide range of market trends faced by competitors such as FIDELITY FBTC and ARKB of ARK. IBIT has more than $ 54 billion in assets, with 51%of the US SPOT BITCOIN ETF market.
Related: BLACKROCK BITCOIN ETF purchases $ 970 m when you introduce $ 970m from BTC.
Bitcoin is improved by US Solt data.
According to the US job opening and labor turnover summary (JOLTS) report in March 2025, 7.9 million people plunged from 7.57 million to 74 million in February. The lower number than expected, signaling the cooling labor market, increases the expectation for reducing the federal reserve, weakening the dollar and release risky assets such as Bitcoin.
On the contrary, higher figures suggest the economic intensity, potentially delayed cuts and presses encryption prices. The 2020 peak federal layoffs have made the market expectation a bit of a pigeon.
Economist and Bitcoin Non -Evaluation Alex Kruger identified the Sult data as a short -term victory of Bitcoin. After Trump’s pause (end of July 8), he identified as a “risk/gold hybrid” that can be obtained from the tariff withdrawal.
In the X post, the analyst can focus on the import guidelines of the company, such as Caterpillar and Tech stocks, and next week, the FEDERAL Open Market Committe (FOMC) meetings can be seen as the POWELL is previously reduced.
Crew said that the market warned of the volatile Q3 economic slowdown, but Bitcoin’s unique risk rewards would surpass Altcoin.
Related: Bitcoin ‘Hot Supply’
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.