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US Stocks Set New Record, Bitcoin Still Stuck in Resistance Area
U.S. stock futures opened flat, but the S&P 500 remains near record highs after rising 0.8% to 6,141.02. The Dow Jones and Nasdaq also strengthened, driven by investor optimism ahead of the release of key inflation data that could determine the next direction of the market.
While the stock exchange is setting records, the price of Bitcoin (BTC) is still moving in a limited range of US$106,000 to US$109,000. Although the *Exchange-Traded Fund* (ETF) Bitcoin recorded significant inflows, the price has not moved much due to ongoing sell-offs from whale wallets that continue to hold back the upward momentum.
Analysts note that wallets in the range of 100 BTC to 1,000 BTC serve as the main balance, absorbing selling pressure from *whales* that still dominate this year. If selling pressure from large holders increases, Bitcoin could potentially correct deeper; however, if whale accumulation resumes, a new rally could occur.
This situation highlights the contrast between the bullish US stock market and the stagnant crypto market. Investors are now awaiting inflation data and the next moves from whales to determine whether Bitcoin can break out of its sideways phase.