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Coin Telegraph
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BTC price seeks $155K 'trigger' — 5 things to know in Bitcoin this week
- Bitcoin (BTC) rebounded to near all-time highs after dipping below $107,000, with anticipation of new record highs.
- US inflation data, bond market woes, and the Federal Reserve's stance on interest rates are key macro factors for traders.
- Concerns arise over the taker buy/sell ratio on exchanges, indicating cooling order book activity.
- A whale trader's successive longs and shorts draw attention in trading circles.
- Despite current prices, funding rates remain stable, providing a potential upside for price sustainability.
- Bitcoin's recent price action approaches previous all-time highs, with $155K being a key target.
- Market watchers are eyeing US inflation data, jobless claims, and rising bond yields this week.
- Exchange data shows a 'strong bearish' trajectory in the taker buy/sell ratio signaling market uncertainty.
- Monitoring whale trader activity like Hyperliquid's James Wynn and his speculative positions influences market sentiment.
- Neutral funding rates and increasing open interest suggest a healthy breakout for Bitcoin, potentially leading to a short squeeze.
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