Bitcoin (BTC) bounces back to eye fresh all-time highs as a testing macro week unfolds for risk-asset traders.
BTC price action dipped below $107,000 before rebounding into the weekly close, and some are eagerly anticipating new record highs.
US inflation data meets bond market woes this week as the Federal Reserve shows no signs of cutting interest rates.
On exchanges, the taker buy/sell ratio is causing concern for analysis amid cooling order book activity.
One whale, however, is having fun — and his successive longs and shorts are being increasingly watched in trading circles.
Funding rates are not spiking despite current prices — a key silver lining for price upside sustainability.
Bitcoin price discovery on the radar after rebound
Bitcoin swapped late-weekend weakness for gains into the May 25 weekly candle close, a move which ultimately took BTC/USD above the $110,000 mark.
Volatility is continuing as the week gets underway, with old all-time highs from January a