Nothing Ever Happens - Bitcoin and Market Musings
The narrative around a government-driven strategic reserve has faded a mere week after it was hyped by President Trump on social media. Bitcoin price action remains uncertain, characterized by immediate retracements after rallies and positioned in a “void” between significant volume ranges, indicating weak market strength. Open interest continues to trend downward despite recent price increases, suggesting limited directional leverage and potential vulnerability to further downside. External factors, including volatility in equity markets driven by tariff news, continue to suppress optimism for a sustained rally.