The troubling volatility in the cryptocurrency market, especially for Bitcoin (BTC) 
$91,081, persists without any signs of resolution. The market remains stagnant, with Bitcoin neither surging nor plunging, leaving altcoins in distress. Analysts are speculating on when these stagnant conditions might end.
Why Isn’t Bitcoin Rising?
Bitcoin’s fluctuations are primarily influenced by liquidity clusters in futures transactions. Analysts like those at Zerohedge suggest firms such as Jane Street are responsible for triggering this shallow volatility while accumulating Bitcoin. Following the opening of U.S. markets, a familiar pattern was observed where Bitcoin dropped by $3,000 within an hour, a movement anticipated before the market’s opening.
There are more factors than just Jane Street contributing to Bitcoin’s lack of upward movement. Analysts highlight a new liquidity shortage influencing the market. According to Kyle’s recent observations, the stress-induced price range isn’t arbitrary. With limited inflows and consistent sellers, and a rise in unrealized losses, the sentiment remains fragile without fresh liquidity.
CryptoQuant analyst Darkfost shared a liquidation chart showing BTC “oscillating in the hands of gamblers,” indicating that liquidity pools in futures are causing erratic price movements without breaking key thresholds. Until a significant breakout occurs, these tedious fluctuations are likely to persist.
When Will Cryptocurrencies Rise?
The common view suggests that once BTC consistently breaches $94,000, it could aim for $98,000 and $110,000 targets. However, the current lack of a driving force continues to hold back this breakthrough. Many investors have already sold off, anticipating a decline that hasn’t yet materialized, influenced by fears of a 2026 collapse based on the familiar 4-year cycle narrative.
DaanCrypto highlighted that BTC is struggling around its previous support and resistance level of $88,000-$90,000. Maintaining this support is crucial for bulls amidst fears of cycle endings and heavy spot selling.
Swissblock suggested that a weekly close above $93,500 would confirm an upward trend. This level coincides with several averages converging and represents this year’s opening level.
Our last analyst, Michael Poppe, steadfastly believes that a rally is imminent, even considering the dull movements caused by liquidity shortages. He perceives a new upward trend forming in the market.
Prices have stabilized, supporting the thesis that recent drastic corrections were largely manipulative. Thus, a return to market normalcy seems entirely natural.
