Bitcoin dey test $112K support, e dey eye $124K upside
Di article dey review di current macroeconomics and crypto market tins beside say na about US political wahala—Trump don delay Fed person wey dem suppose pick plus e plan new tariffs—and also warn from Paulson and Geithner about di $29 trillion US bond market. Wall Street believe say Fed go cut rate by September. For digital assets, some Hong Kong company dem dey use Web3.0 and RWA take boost liquidity and operations. Bitcoin recently test im $115–118K support zone, e don clear more than $1 billion long positions; analysts think say e fit drop go $109K if e no hold $112K, but if e hold, e fit jump back reach $124K. Ethereum climb to around $3,650, e dey pushed by institution OTC buys even though $465 million ETF money dey flow out. Meme-coin platform Pump.fun volume surge, tokens like PUMP, TROLL, and SPARK dey rally, while derivative MYX jump 16× within one week as e dey suspected say people dey do coordinated trading. Key metrics be: BTC dey $113,525 (+22% YTD), ETH dey $3,582 (+9% YTD); Bitcoin ETFs net outflow $196 million, ETH ETFs net inflow $73 million. Tokun unlock wey dey come soon na MAVIA, EigenCloud, and JTO. National security dey warn make people no collect biometric data for token projects.
Neutral
Di article dey talk say Bitcoin dey give mixed signal: di support dey critical for $112K—if e fail, e fit cause sharp drop go $109K, but if e hold, e fit make price rally reach $124K—dis one mean say near term palava dey. Analysts get different forecast, big liquidations show say market dey volatile. Ethereum dey get institutional inflows but ETF dey get outflows, dis one add to di wahala. Meme coin dey do rally and on-chain whale dem dey active, e dey give bullish momentum but e still dey increase speculative risk. Together, all dis tori mean say market no get clear direction until Bitcoin key support make e either hold or break sharply, so market outlook na neutral. Before, when similar support test happen, e come aged with strong rebounds and deeper corrections, show say e important to wait for confirmation before strong trend show.