Analysis: BTC has not yet rapidly surged to $80,000, and after gold's rally slows down, funds may flow back into the crypto market.

BTC4,86%
ETH8,38%
PAXG1,15%
XAUT1,17%

ChainCatcher reports that, according to market news, Bitcoin is currently holding above $72,000 with sideways fluctuations, while Ethereum has seen a slight increase. The market has entered a consolidation phase after breaking through previous resistance levels. Although Bitcoin has successfully stabilized above the $70,000 mark, which had previously been a resistance point, the anticipated rapid move toward $80,000 has not yet materialized.

Market expectations of easing tensions in the Middle East have boosted risk assets. If shipping disruptions occur in the Strait of Hormuz and drive up inflation, the Federal Reserve may be forced to maintain a tighter monetary policy. Derivatives data shows that bullish sentiment remains moderate to strong, with Bitcoin futures open interest rising to approximately 680,000 BTC, reaching a two-week high. Meanwhile, gold-linked tokens XAUT and PAXG futures open interest continue to decline, indicating some funds may be flowing back into mainstream cryptocurrencies after gold’s rally slowed.

In the options market, demand for high-strike call options has increased, and the 30-day implied volatility remains generally stable, reflecting relatively steady market sentiment.

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