“$66K appears to be the equilibrium point,” stated Skew, a well-known analyst in a recent X post. Skew, along with others, is attempting to understand a market that is not able to sustainably climb higher despite various bullish factors such as improving inflation data, a Bitcoin-friendly presidential frontrunner in Donald Trump, approvals for spot ETH ETFs, and other risk asset markets like U.S. stocks reaching new all-time highs.
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