Bitcoin’s recent price surge has raised concerns among investors as leverage on the cryptocurrency has been rapidly increasing. The Taker Buy/Sell Ratio and Open Interest have surged, indicating a strong dominance from aggressive longs. However, despite this, technical indicators remain neutral, and sentiment hasn’t tipped into euphoria.
The rally is largely driven by speculative flows rather than organic spot demand, according to CryptoQuant’s data. Bitcoin’s recent 7% weekly gain is not a clean breakout, but rather a response to macroeconomic pressures such as war-related fear, uncertainty, and doubt (FUD).
This week’s key U.S. economic reports, including a speech by Fed Chair Jerome Powell and data releases on non-farm payrolls, unemployment, and manufacturing activity, will be crucial in shaping expectations. Markets are already leaning dovish due to persistent inflation and renewed tariff risks.
If job and manufacturing figures come in weaker than expected, it could trigger risk-on momentum, which may lead to a clean breakout above $110K for Bitcoin. However, if the data breaks against expectations, and leverage remains elevated, the downside risk is real.
Source: https://ambcrypto.com/3-key-events-this-week-that-could-move-bitcoin-and-crypto-prices