Bitcoin’s range-bound movement suggests stability, but beneath the surface, key derivatives metrics point to weakening structure under $68k which is a negative gamma zone.
In an environment with traders consistently expecting higher volatility, positioning is now more reactive and liquidity conditions tight, the next move may be sharper than our current consolidation range may imply. Core macro data releases in the next week to add to the volatility formula
Executive Summary
Bitcoin’s Range-Bound Market Faces Mounting Macro Pressure
Market Signals
Bitcoin Ranges But Derivative Dynamics Change
Derivatives Positioning Hints At Potentially Imminent Volatile Movement
General Macro Update
US Labour Market Rebounds, But Underlying Weakness And Inflation Pressures Persist
Global Energy Shock Spreads Across Markets And Real Economy
Crypto in the News
Metaplanet Becomes Third-Largest Corporate Bitcoin Holder After Aggressive Q1 Accumulation
Cassidy and Lummis Push “Mined in America Act” to Reshore Crypto Mining and Cement Bitcoin Reserve
Quantum Breakthroughs Accelerate Threat Timeline for Modern Cryptography