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The global economic uncertainty and fluctuations in traditional financial markets continue to steer investors towards alternative assets. In this context, Bitcoin 
$94,893 stands out with its stable price trajectory and growing investor interest. Experts consider Bitcoin as a protective mechanism against currency devaluation, indicating that the observed stability in the cryptocurrency market prioritizes Bitcoin for investors seeking safety.
Swap Rates and Market Balance Insights
Recently, the cryptocurrency market has exhibited a relatively calm trend. Continuous positive swap rates and a weekly liquidation limited to approximately 480 million dollars signify a more balanced market compared to previous sharp fluctuations. This figure remains considerably low compared to periods marked by significant declines. Moreover, despite the USD falling below one dollar, the absence of severe devaluation suggests that liquidity and confidence in the market are still intact.
Another noteworthy indicator is the positive difference between “on-shore” and “off-shore” futures, demonstrating continued stability in the cryptocurrency market and indicating that investors do not anticipate a significant pullback. The current price of Bitcoin, hovering around 84,984 dollars, marks a period of reduced volatility where investors are acting more cautiously yet decisively.
Experts Claim Bitcoin is Becoming Indispensable
According to Greg Cipolaro, the Global Research Director at NYDIG, Bitcoin displays a more resilient profile compared to Ethereum 
$1,796 and other altcoins under current market conditions. Cipolaro asserts that Bitcoin is preferred as a “safe haven” against currency devaluation. The persistence of positive swap rates, coupled with the absence of notable liquidation levels, supports the notion of low stress in the market.
The expert notes, “The difference between ETH and BTC has dropped to levels not seen since 2019. While many cryptocurrencies struggle to find their direction in this environment, Bitcoin’s stability offers a clear preference for investors.” Additionally, the decline in fiat confidence globally and the quest for alternative investments make Bitcoin an increasingly attractive option.
Investors are turning to Bitcoin as a form of “protection strategy” against the turbulence experienced in traditional markets. This trend is seen as a significant reason for the cryptocurrency market’s volatility not reaching expected levels.
