From several perspectives, we can evaluate whether the main players are taking profits or if price action is normal consolidation.
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This movement could be similar to the previous range around 103,000, where one scenario could be consolidation and oscillation near 109,000, leading to the majority of positions being concentrated between 108,000 and 109,000.
Most major accounts continue to hold existing positions, but the return on equity (ROE) is worsening, indicating the market has not yet bottomed out.
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With Bitcoin once again breaking 100,000 and both ETH and altcoins recovering, which tokens are gaining attention, and where might their potential target price levels be?
BTC is currently fluctuating below $112,000, with a slight drop in market share to 63.61%. Market sentiment is high, with ETH breaking above $2,700. The next key point to watch is ETH's price movement.
Market share is still fluctuating around 64%, with market sentiment leaning bullish, but caution is needed for potential short-term correction risks.
With ETF inflows of $667 million in a single day, BTC has re-entered the range of 106,000-109,000.
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