Asia Colour - 25 Apr 25
1/ President Trump softened his stance this week—reassuring investors that Fed Chair Powell's job is safe and signaling plans to reduce the 145% tariff on Chinese goods. Markets responded swiftly, with Bitcoin surging to a high of $94.5K amid stabilizing
2/ Bitcoin's rally marks five consecutive days of gains. At its peak, $BTC overtook Alphabet (Google) to briefly become the 5th-largest asset globally by market cap. Though it has since eased to ~$93K, the milestone highlights Bitcoin’s growing institutional relevance.
3/ Driving this momentum is increased participation from major players. New entrants like 21 Capital are helping position $BTC as a core institutional asset, reinforcing its legitimacy in global portfolios.
4/ With $BTC holding above $90K, optimism is rising. Options activity is concentrated at $95K strikes for end-April and May expiries—indicating short-term bullish positioning. However, the rally’s pace raises the risk of sharp moves if momentum falters.
5/ The current $90K–$94.5K range reflects a market in wait-and-see mode. While macro pressures have eased, further gains likely require a new catalyst. Positioning is increasingly crowded—so traders should remain alert for signs of breakout or exhaustion.
Read more: www.qcpgroup.com/insights/asia...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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