Important collection restaurants
Why is Bitcoin under pressure?
The US EPU index rose to 939.7, nine times above average, which increased the risks of 2-5% contraction about investments, jobs and consumption.
How does this cycle differ for BTC?
Active addresses continued to fall despite record highs and ETF inflow, signaling investors are now more dependent on fairs and institutional vehicles than on chain activity.
Bitcoin [BTC] Has trouble reaching a new high after trading a maximum of $ 124,000, because the inflow of capital remains low.
US economic data suggested that the inflow could continue to shrink, which would increase the risk of weaker prices and volumes. Nevertheless, sentiment in wider markets pointed to a different path for the active.
Policy stress weighs on Bitcoin
The American Economic Policy Uncertainty (EPU) index, according to Alfractal, hit 939.7 On September 15, it is highest since 2020 during the COVID-19 Pandemie.
The EPU follows how the market performs and predicts important events such as recessions. Alfractal noted that a projected risk of 2-5% is still looming.
Drivers include tariff shocks, persistent inflation above 3%and heated tax disputes in Washington. This pressure made risk activa as Bitcoin are vulnerable for at least in the short term.
Source: Alfractaal
Crypto analyst Joao Wedson warned that “History always repeats himself”, referring to Bitcoin’s performance in January 2024 when the EPU increased to 1,024 and Bitcoin fell by 21% from $ 48,969 to $ 38,555.
“This is nothing more than a social fractal that has repeated itself over the centuries.”
Wedson added that this period can offer a strong accumulation option, and emphasizes that such circumstances are usually in the short term.
Will Bitcoin break the cycle curse?
New market insights suggested that the current Bitcoin market cycle can differ from earlier cycles.
Crypto analyst Darkforst noted That runs in earlier bull, the activity rose at the Bitcoin chains, with active addresses (AA) in addition to the price.
This time seems different. Although Bitcoin has set new highlights, AA has continued to fall.
Darkforst explained,
“The reasons why people buy Bitcoin, shift and the type of investor changes itself.”
Source: X
He attributed this evolution to centralized fairs (CEXS), which now offer extensive services that investors hold on their platforms instead of on-chain.
“Some long -term holders with sleeping addresses no longer count for active address statistics.”
The accession of institutional investors has also reformed the market.
The launch of Bitcoin Spot ETFs in 2024 gave speculators access to BTC without managing portfolios, to handle or worry about activa protection.
Ambcrypto rated exchange activity and discovered that accumulation has been going on for six consecutive weeks, according to Coinglass.
This week alone, investors took $ 165 million to Bitcoin from the market.