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9 Apr 2026, 03:35

NZD/USD Soars: Currency Gains Momentum Above 0.5800 Following RBNZ’s Hawkish Stance

BitcoinWorld NZD/USD Soars: Currency Gains Momentum Above 0.5800 Following RBNZ’s Hawkish Stance The New Zealand dollar surged against the US dollar in early 2025 trading, decisively breaking above the 0.5800 psychological level. This significant NZD/USD movement followed the Reserve Bank of New Zealand’s latest monetary policy announcement, where officials maintained interest rates but delivered a surprisingly hawkish message to financial markets. Consequently, traders immediately repriced expectations for future rate cuts, fueling a sharp rally in the kiwi. RBNZ Hawkish Hold Drives NZD/USD Rally The Reserve Bank of New Zealand’s Monetary Policy Committee held the Official Cash Rate steady at 5.50% during its February 2025 meeting. However, the accompanying statement and subsequent press conference contained notably hawkish undertones. Governor Adrian Orr emphasized that domestic inflationary pressures remained persistent, particularly in the non-tradable sector. Furthermore, the committee revised its forward guidance, indicating a higher-for-longer rate path than markets had anticipated. Market analysts quickly interpreted this stance as a clear signal. The central bank remains vigilant against inflation risks despite recent global disinflation trends. This policy divergence, especially against a backdrop where other major central banks like the Federal Reserve are signaling potential easing, provided immediate support for the New Zealand dollar. The NZD/USD pair consequently experienced its largest single-day gain in three months. Key Elements of the RBNZ’s February 2025 Statement Policy Rate: OCR maintained at 5.50%. Inflation Outlook: Projected return to the 1-3% target band delayed to late 2025. Forward Guidance: Removed reference to “future easing” and inserted “monitoring required.” Risk Assessment: Upside risks to inflation from domestic capacity constraints highlighted. Analyzing the NZD/USD Technical Breakout The breach of the 0.5800 resistance level represents a critical technical development for the currency pair. For several weeks, this level had acted as a formidable ceiling, capping multiple rally attempts. The successful breakout, backed by strong fundamental catalysts, suggests a potential shift in the medium-term trend. Market technicians now point to the next resistance zones near 0.5920 and 0.6000. Several factors converged to support this move. First, the interest rate differential between New Zealand and the United States widened in the kiwi’s favor following the RBNZ’s communication. Second, risk sentiment in global markets improved slightly, benefiting commodity-linked currencies like the NZD. Finally, positioning data indicated that speculative traders were heavily short the New Zealand dollar before the meeting, creating conditions for a sharp short-covering rally. Comparative Central Bank Stances (Early 2025) Central Bank Current Policy Stance Next Expected Move Implied Timeline Reserve Bank of New Zealand (RBNZ) Hawkish Hold Hold or Hike Q3 2025 or later US Federal Reserve (Fed) Dovish Hold Cut Mid-2025 Reserve Bank of Australia (RBA) Neutral Hold Cut Late 2025 Bank of Canada (BoC) Dovish Hold Cut Q2 2025 Economic Context and Domestic Data Drivers Underpinning the RBNZ’s cautious stance is a stream of resilient domestic economic data. The New Zealand economy has shown remarkable resilience despite high interest rates. The latest labor market report revealed an unemployment rate of 4.3%, near historic lows, while wage growth accelerated to 4.1% year-on-year. Such tight labor conditions continue to feed into services inflation, a primary concern for policymakers. Additionally, business confidence surveys have stabilized, and export commodity prices, particularly for dairy, have remained firm. This economic backdrop provides the RBNZ with the flexibility to maintain a restrictive policy setting. In contrast, recent US data has shown signs of softening, reinforcing the policy divergence narrative that is bullish for the NZD/USD cross. Global Implications and Currency Market Reactions The RBNZ’s decision reverberated across the Asia-Pacific currency complex. The Australian dollar also found support, though to a lesser extent, as traders assessed the implications for regional monetary policy. The kiwi’s strength was most pronounced against the Japanese yen and the Swiss franc, currencies sensitive to global yield differentials. This move highlights the ongoing importance of central bank communication in driving foreign exchange volatility. International investors are now reassessing their allocations to New Zealand assets. Higher relative yields make New Zealand government bonds more attractive, potentially driving further capital inflows that support the currency. However, analysts caution that the NZD’s appreciation could itself become a concern for the RBNZ if it dampens export competitiveness and eases imported inflation too quickly. Expert Analysis and Forward-Looking Scenarios Financial market strategists offer a range of views on the sustainability of the NZD/USD rally. Some argue the move is overextended in the short term, citing still-high household debt and a cooling housing market as domestic headwinds. Others believe the fundamental divergence story has further to run, especially if US inflation data continues to cool, forcing the Fed’s hand earlier than expected. The consensus view suggests monitoring upcoming data releases closely. Key indicators include New Zealand’s next Consumer Price Index report and the US Non-Farm Payrolls data. Any significant deviation from expectations could quickly reverse the current momentum. For now, the path of least resistance for NZD/USD appears higher, supported by a central bank unwilling to signal a pivot. Conclusion The NZD/USD currency pair’s breakout above 0.5800 marks a pivotal moment driven by a decisive hawkish hold from the Reserve Bank of New Zealand. The central bank’s firm stance against lingering inflation has created a clear policy divergence with peers, particularly the Federal Reserve, fueling a robust kiwi rally. While technical and fundamental factors align positively in the near term, traders will closely watch incoming economic data from both nations to gauge the longevity of this trend. The RBNZ has reaffirmed its data-dependent approach, ensuring that every future inflation and employment report will carry significant weight for the NZD/USD outlook. FAQs Q1: What does a “hawkish hold” mean? A hawkish hold occurs when a central bank keeps its policy interest rate unchanged but uses its communication—through statements, forecasts, or press conferences—to signal a bias toward future tightening or a prolonged period of high rates, rather than easing. Q2: Why is the 0.5800 level important for NZD/USD? The 0.5800 level is a major psychological and technical resistance zone. It had previously acted as a ceiling for price action, and a sustained break above it often signals a shift in market sentiment and can trigger algorithmic buying and short-covering. Q3: How does higher interest rates in New Zealand support the NZD? Higher interest rates in New Zealand relative to other countries, like the US, attract foreign capital seeking better returns. Investors must buy New Zealand dollars to purchase NZD-denominated assets, increasing demand for the currency and pushing its value higher. Q4: What are the main risks to the NZD/USD rally? Key risks include a faster-than-expected cooling of New Zealand inflation, prompting the RBNZ to turn dovish, or a resurgence of US inflation, forcing the Fed to delay rate cuts. A sharp deterioration in global risk sentiment or a slump in commodity prices could also pressure the kiwi. Q5: What is the RBNZ’s inflation target? The Reserve Bank of New Zealand has a mandate to maintain annual consumer price inflation between 1% and 3% over the medium term. Its current policy stance is aimed at returning inflation to this target band, which it now forecasts for late 2025. This post NZD/USD Soars: Currency Gains Momentum Above 0.5800 Following RBNZ’s Hawkish Stance first appeared on BitcoinWorld .

9 Apr 2026, 03:30

Binance Adds Institutional Focus With Capital Connect Upgrade and Portfolio Accounts

Binance expands institutional crypto access with a unified marketplace that standardizes strategy discovery, capital allocation, and execution within its native ecosystem, aiming to streamline participation and reduce operational friction for trading teams and investors. Key Takeaways: Binance introduces Capital Connect upgrade with 0-commission rollout and strict onboarding requirements. Marketplace integrates Binance Portfolio Accounts, aligning custody,

9 Apr 2026, 03:30

Crypto Futures Liquidations: $195 Million in Forced Trades Reveals Critical Market Pressure

BitcoinWorld Crypto Futures Liquidations: $195 Million in Forced Trades Reveals Critical Market Pressure Global cryptocurrency markets experienced significant volatility during the past 24 hours, resulting in approximately $195 million worth of crypto futures liquidations across major digital assets. This substantial volume of forced position closures highlights the intense pressure currently affecting leveraged traders worldwide. Market data reveals distinct patterns across different cryptocurrencies, with Bitcoin traders predominantly facing short squeezes while Ethereum and other altcoins witnessed long position liquidations. These crypto futures liquidations serve as crucial indicators of market sentiment and risk exposure within the derivatives sector. Crypto Futures Liquidations: Understanding the $195 Million Market Event Perpetual futures contracts represent one of the most popular derivative instruments in cryptocurrency markets. These contracts allow traders to speculate on price movements without expiration dates, using leverage that amplifies both potential profits and risks. When market prices move against leveraged positions, exchanges automatically close these positions to prevent losses exceeding collateral. This process generates what traders commonly refer to as crypto futures liquidations. The recent 24-hour period witnessed particularly intense activity, with three major assets accounting for the majority of forced closures. Market analysts typically monitor liquidation volumes as key indicators of market stress and potential turning points. High liquidation events often precede periods of reduced volatility as overleveraged positions exit the market. Furthermore, these events provide valuable insights into trader positioning and sentiment across different cryptocurrency assets. The current data reveals a divided market structure, with Bitcoin exhibiting different characteristics than Ethereum and other altcoins. Bitcoin Dominates Liquidation Volumes with Short Squeeze Bitcoin experienced the largest single-asset liquidation volume at $83.26 million during the reporting period. Remarkably, 63.01% of these forced closures affected short positions, indicating a market move that caught bearish traders by surprise. This pattern suggests what market participants describe as a short squeeze, where rising prices force traders who bet on declines to exit their positions. Such events frequently create additional upward momentum as liquidated shorts must buy back Bitcoin to cover their positions. The Bitcoin derivatives market has grown substantially in recent years, with open interest regularly exceeding $10 billion across major exchanges. This expansion increases both liquidity and potential liquidation volumes during volatile periods. Market structure analysis reveals that Bitcoin’s dominance in total liquidation volume reflects its position as the primary cryptocurrency for institutional and retail derivatives trading. The prevalence of short liquidations specifically indicates that many traders positioned themselves for further downside before the market reversed direction. Market Mechanics Behind Bitcoin’s Liquidation Dynamics Several technical factors contributed to Bitcoin’s liquidation patterns. First, key support levels held during recent price declines, triggering short covering as prices rebounded. Second, funding rates across major exchanges remained relatively neutral or slightly negative before the move, creating conditions conducive to short squeezes. Third, options market data indicated increased put buying at lower strike prices, potentially creating gamma exposure that exacerbated price movements when those levels held. These interconnected factors demonstrate the complex ecosystem surrounding Bitcoin derivatives trading. Ethereum and Altcoins Face Long Position Pressure Ethereum recorded $60.98 million in liquidations, with 64.58% affecting long positions. This contrasting pattern to Bitcoin suggests different market dynamics for the second-largest cryptocurrency. Ethereum’s higher percentage of long liquidations indicates that bullish traders faced margin calls as prices declined or failed to maintain upward momentum. Such divergence between Bitcoin and Ethereum liquidation patterns frequently occurs during periods of market uncertainty or shifting sector rotation. The data reveals important insights about Ethereum’s current market structure. First, traders appear more optimistic about Ethereum’s medium-term prospects relative to Bitcoin, resulting in higher long positioning. Second, this optimism created vulnerability to downside moves, particularly when combined with leverage. Third, Ethereum’s correlation with Bitcoin remains strong but not perfect, allowing for divergent price action that produces different liquidation outcomes. These factors collectively explain why Ethereum experienced predominantly long liquidations despite overall market volatility. FARTCOIN’s Extreme Liquidation Ratio Signals Speculative Excess The most striking data point comes from FARTCOIN, which witnessed $51.25 million in liquidations with 92.26% affecting long positions. This extreme ratio highlights the speculative nature of certain altcoin markets and the risks associated with highly leveraged positions in less established cryptocurrencies. The near-universal long liquidation suggests that FARTCOIN experienced a significant price decline that triggered cascading margin calls across multiple trading platforms. Several factors contribute to such extreme liquidation ratios in altcoin markets. First, these markets typically feature lower liquidity than Bitcoin or Ethereum, making price movements more volatile. Second, altcoin traders often employ higher leverage ratios in pursuit of greater returns. Third, market sentiment toward speculative assets can shift rapidly based on broader cryptocurrency trends or project-specific developments. The FARTCOIN data serves as a cautionary example of how quickly leveraged positions can unravel in volatile cryptocurrency markets. Risk Management Lessons from Recent Liquidations Professional traders emphasize several risk management principles in light of recent liquidation events. First, position sizing remains crucial, with experienced traders rarely risking more than 1-2% of capital on any single trade. Second, leverage should correspond inversely to position size and volatility expectations. Third, stop-loss orders and portfolio hedging provide essential protection against unexpected market moves. Fourth, monitoring funding rates and open interest changes can provide early warning signs of potential liquidation cascades. These practices help traders navigate volatile periods while managing downside risks. Historical Context and Market Implications The current $195 million liquidation event represents a moderate volatility episode compared to historical extremes. During major market downturns like May 2021 or November 2022, daily liquidation volumes frequently exceeded $1 billion across cryptocurrency markets. However, even moderate events provide valuable information about market structure and trader positioning. Analysis of liquidation patterns helps identify potential support and resistance levels, gauge market sentiment extremes, and anticipate potential volatility compression or expansion periods. Market implications extend beyond immediate price action. First, large liquidation events frequently reset leverage across the system, potentially creating conditions for sustained directional moves. Second, they redistribute capital from overleveraged traders to those with stronger positions. Third, they provide liquidity during volatile periods, though sometimes at the expense of amplifying price movements. Fourth, they serve as reality checks for risk management practices across the trading community. These broader implications demonstrate why professional traders closely monitor liquidation data alongside price charts and fundamental indicators. Conclusion The recent 24-hour crypto futures liquidations totaling approximately $195 million reveal critical information about current market dynamics and trader positioning. Bitcoin’s dominance in total volume with predominantly short liquidations contrasts sharply with Ethereum and FARTCOIN’s long-dominated patterns, highlighting divergent sentiment across cryptocurrency sectors. These crypto futures liquidations serve as important risk indicators for both traders and market analysts, providing insights into leverage levels, sentiment extremes, and potential volatility triggers. As cryptocurrency derivatives markets continue evolving, understanding liquidation mechanics and patterns remains essential for effective risk management and market analysis. FAQs Q1: What causes crypto futures liquidations? Exchanges automatically liquidate leveraged positions when prices move against traders and their collateral becomes insufficient to cover potential losses. This risk management mechanism prevents traders from losing more than their account balance while protecting exchange solvency. Q2: Why did Bitcoin have mostly short liquidations while Ethereum had long liquidations? Different price movements and trader positioning caused this divergence. Bitcoin prices likely rose, forcing short sellers to cover, while Ethereum prices declined or stagnated, putting pressure on leveraged long positions. This reflects varying market sentiment and expectations for each asset. Q3: How do liquidations affect cryptocurrency prices? Liquidations can amplify price movements through forced buying or selling. Short liquidations require buying to cover positions, potentially pushing prices higher. Long liquidations involve selling collateral, potentially pushing prices lower. This creates feedback loops during volatile periods. Q4: What does FARTCOIN’s 92.26% long liquidation ratio indicate? This extreme ratio suggests nearly all liquidated positions were betting on price increases. It indicates highly optimistic sentiment combined with significant leverage, making traders vulnerable to any price decline. Such ratios often occur in speculative assets with concentrated directional bets. Q5: How can traders avoid being liquidated? Traders can employ several strategies: using lower leverage ratios, implementing stop-loss orders, maintaining adequate collateral buffers, diversifying positions, avoiding maximum leverage during high volatility, and continuously monitoring position margins relative to market conditions. This post Crypto Futures Liquidations: $195 Million in Forced Trades Reveals Critical Market Pressure first appeared on BitcoinWorld .

9 Apr 2026, 03:25

Bitcoin ETF Outflows Intensify: US Spot Funds See Second Straight Day of Investor Retreat

BitcoinWorld Bitcoin ETF Outflows Intensify: US Spot Funds See Second Straight Day of Investor Retreat NEW YORK, April 9, 2025 – The nascent U.S. spot Bitcoin exchange-traded fund (ETF) market faces renewed scrutiny as data reveals a second consecutive trading day of net outflows. On Monday, April 8, these investment vehicles collectively witnessed approximately $93.65 million exit, according to aggregated figures from industry trackers Trader T and Farside Investors. This persistent withdrawal pattern signals a potential shift in short-term investor sentiment following a period of record-breaking inflows earlier in the year. The data provides a granular look at capital movement among the major issuers, highlighting divergent strategies and investor preferences in the evolving digital asset landscape. Analyzing the Bitcoin ETF Outflow Data The daily flow figures present a mixed but ultimately negative picture for the sector. While industry giants like BlackRock’s iShares Bitcoin Trust (IBIT) managed to attract a net $40.67 million, this positive intake was overwhelmingly offset by significant redemptions elsewhere. Fidelity’s Wise Origin Bitcoin Fund (FBTC) experienced outflows of $79.12 million. Similarly, Ark Invest’s ARKB saw $74.70 million leave the fund. Grayscale’s Bitcoin Trust (GBTC), which has historically seen substantial outflows since its conversion to an ETF, recorded a comparatively smaller withdrawal of $11.10 million. Notably, Morgan Stanley’s recently launched Access Bitcoin ETF (MSBT) posted a net inflow of $30.60 million, suggesting some investors are rotating into newer products. This divergence underscores the competitive and fluid nature of the spot Bitcoin ETF marketplace. Contextualizing the Shift in Investor Sentiment To understand the significance of two straight days of outflows, one must examine the broader market context. The U.S. spot Bitcoin ETF suite launched in January 2025 after receiving regulatory approval from the Securities and Exchange Commission (SEC). Subsequently, these products enjoyed an unprecedented influx of capital, collectively amassing billions in assets under management within weeks. However, cryptocurrency markets are inherently volatile. Analysts often link ETF flow trends to underlying Bitcoin price action and macroeconomic factors. For instance, rising interest rate expectations or strengthening traditional equity markets can temporarily dampen appetite for speculative digital asset exposure. Consequently, these outflows may represent routine portfolio rebalancing rather than a fundamental loss of faith in the asset class. Expert Perspectives on Flow Volatility Market strategists frequently emphasize that daily or weekly flow data for any ETF, particularly one tracking a volatile asset, requires careful interpretation. “ETF flows are a lagging indicator, often reacting to recent price performance,” explains a veteran portfolio manager specializing in digital assets, who requested anonymity to speak freely. “Two days of outflows following months of massive inflows is not necessarily alarming. It’s critical to monitor the trend over a longer horizon, such as a month or a quarter, to gauge genuine investor conviction.” Furthermore, the structure of these products allows for efficient creation and redemption of shares by authorized participants. This mechanism means flows can reflect tactical moves by large institutional market makers arbitraging price differences between the ETF and its underlying Bitcoin holdings, not just retail investor decisions. The Competitive Landscape of Spot Bitcoin ETFs The flow data reveals the intense competition among ETF issuers. BlackRock and Fidelity quickly established themselves as dominant players, consistently capturing the lion’s share of inflows. Grayscale’s GBTC, while still the largest by assets due to its multi-year history as a trust, has battled persistent outflows, primarily attributed to its higher fee structure compared to newer rivals. The arrival of Morgan Stanley’s MSBT adds another layer of competition, potentially drawing assets from existing funds. Issuers are now competing not just on fee basis points but also on brand reputation, liquidity provision, and integration with major brokerage platforms. This competition ultimately benefits investors through lower costs and improved product features, even if it leads to short-term flow volatility between funds. Potential Impacts on the Broader Cryptocurrency Market Sustained net outflows from U.S. spot Bitcoin ETFs could exert downward pressure on the price of Bitcoin itself. These ETFs are required to hold actual Bitcoin in custody to back their shares. Therefore, net inflows directly increase buying pressure on the underlying asset, while net outflows force the fund’s custodian to sell Bitcoin to meet redemptions. However, the amounts involved in recent days—$93.65 million—remain relatively small compared to the total market capitalization of Bitcoin, which exceeds one trillion dollars. The larger impact may be psychological, influencing trader sentiment and contributing to short-term price volatility. Market participants closely watch this data as a barometer for institutional demand, a key narrative supporting Bitcoin’s valuation since the ETF approvals. Conclusion The second consecutive day of net outflows for U.S. spot Bitcoin ETFs marks a notable, if preliminary, shift in capital movement. While specific funds like BlackRock’s IBIT and the new Morgan Stanley MSBT continue to attract money, broader sector outflows highlight the dynamic and sentiment-driven nature of cryptocurrency investing. These Bitcoin ETF outflows serve as a reminder of the asset class’s volatility and the importance of analyzing trends over extended periods. As the market matures, flow data will remain a critical metric for assessing institutional adoption and the evolving integration of digital assets into traditional finance portfolios. FAQs Q1: What does “net outflow” mean for a Bitcoin ETF? A net outflow occurs when the dollar value of shares redeemed by investors exceeds the value of new shares purchased on a given day. This means more money is leaving the ETF than entering it. Q2: Why is Grayscale’s GBTC often highlighted in outflow reports? Grayscale’s Bitcoin Trust converted from a closed-end fund to an ETF in January 2025. It started with a much larger asset base and a historically higher fee, leading many investors to sell GBTC shares to move into newer, lower-cost competitor ETFs. Q3: Can two days of outflows reverse the long-term trend? Absolutely. ETF flow data is notoriously volatile. The long-term trend since launch remains strongly positive, with tens of billions in net inflows. Short-term periods of outflows are common in all ETF categories. Q4: How do ETF outflows affect the price of Bitcoin? When an ETF has net outflows, the issuer must sell a corresponding amount of the underlying asset (Bitcoin) to raise cash for redeeming shareholders. This selling activity can create downward pressure on Bitcoin’s market price. Q5: What is the significance of Morgan Stanley’s ETF having inflows? Morgan Stanley’s MSBT is a newly launched fund. Its inflows suggest there is still fresh demand for Bitcoin ETF exposure and that investors are evaluating different issuer options, contributing to a competitive and healthy market. This post Bitcoin ETF Outflows Intensify: US Spot Funds See Second Straight Day of Investor Retreat first appeared on BitcoinWorld .

9 Apr 2026, 03:18

Ethereum Price Clings to $2,120, Can Bulls Drive Fresh Surge?

Ethereum price extended gains above $2,265 before it started a downside correction. ETH is now correcting gains and might find bids near the $2,120 zone. Ethereum started a decent upward move above the $2,250 zone. The price is trading above $2,150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $2,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,120 zone. Ethereum Price Corrects Some Gains Ethereum price remained stable above $2,150 and started a decent upward move, like Bitcoin . ETH price climbed above the $2,165 and $2,200 resistance levels. The bulls pumped the price above $2,250. A high was formed at $2,274 before the price started a downside correction. The price dipped below $2,200. There was a move below the 38.2% Fib retracement level of the upward move from the $2,059 swing low to the $2,274 high. Ethereum price is now trading above $2,150 and the 100-hourly Simple Moving Average . If the bulls remain in action above $2,120, the price could attempt another increase. Immediate resistance is seen near the $2,200 level. The first key resistance is near the $2,220 level. There is also a declining channel forming with resistance at $2,220 on the hourly chart of ETH/USD. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,320 resistance. An upside break above the $2,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,400 resistance zone or even $2,450 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,220 resistance, it could start a fresh decline. Initial support on the downside is near the $2,165 level or the 50% Fib retracement level of the upward move from the $2,059 swing low to the $2,274 high. The first major support sits near the $2,120 zone. A clear move below the $2,120 support might push the price toward the $2,080 support. Any more losses might send the price toward the $2,050 region. The main support could be $2,020. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,120 Major Resistance Level – $2,220

9 Apr 2026, 03:00

Bitcoin Golden Cross Trend Enters Flow State: Why The Next 2-3 Weeks Are Important

Bitcoin (BTC) could be preparing for another major bull rally as a Golden Cross has recently appeared on the cryptocurrency’s Inter-exchange Flow Pulse (IFP). A crypto analyst who explained the significance of this occurrence notes that the timeline of this Golden Cross aligns almost perfectly with past bull rallies. Based on this historical trend, the analyst suggests that the next two to three weeks are important for Bitcoin’s next move. Historical Golden Cross Pattern Signals Bitcoin Rally Crypto market expert CW has shared a new Bitcoin forecast that, if realized, could completely invalidate the widespread bearish outlook for the cryptocurrency. In his post on X, the analyst shares a chart displaying BTC’s Inter-exchange Flow Pulse, a key on-chain indicator that tracks the net flow of Bitcoin between exchanges. Related Reading: Bitcoin Rainbow Chart Says Price Is Ranging Above $60,000 For A Reason, Here’s Why Usually, this indicator signals a bull market when it turns green and a bear market or correction when it turns red. This particular metric is often used to identify Bitcoin’s market position and has gained recognition for its strong track record of predicting major market turning points. During his analysis, CW noted a recurring Golden Cross pattern that has appeared twice in Bitcoin’s history on the Inter-exchange Flow Pulse chart. The first time this crossover occurred was in 2019, and then it was subsequently repeated in 2023. In both cases, the analyst noted that the Golden Cross had foreshadowed the start of a massive bull rally that lasted for months. However, the anticipated rally did not start immediately after the Golden Cross emerged. Instead, the broader market waited 30 to 40 days before the Bitcoin bull run began. Specifically, during the 2019 cycle, BTC consolidated for about 30 days after its Golden Cross before skyrocketing above $40,000 from a low price between $4,000 and $10,000. This bull rally had also extended into the 2021 bull market, where the cryptocurrency found a top of $69,000. Subsequently, in 2023, the chart shows that Bitcoin crashed below $20,000 following the 2022 bear market. Shortly after, the same Golden Cross appeared again on the Inter-exchange Flow Pulse. Just 40 days later, Bitcoin climbed above $100,000, extending its bull run into 2025. BTC Set For Explosive Run As New Golden Cross Emerges Fast forward to today, CW noted in his analysis that the market cycle is currently 33 days past its most recent Golden Cross on the Inter-exchange Flow Pulse. This places the Bitcoin price right within the historical 30-40 day window. As a result, if the pattern continues to hold, Bitcoin could be on the verge of another sustained bull rally. Related Reading: Analyst Says Bitcoin Hasn’t Seen A True Bottoming Formation Yet, What This Means For Price With only a few days left in this window, the analyst warns that the next two to three weeks are critical, urging investors and traders to watch BTC’s price closely. Based on past trends, a confirmed breakout during this period could likely be the start of a bull run. Featured image from Pixabay, chart from Tradingview.com