Odaily Planet Daily News Matrixport released today's chart saying that Wall Street has become an important player in Bitcoin, and Bitcoin's 60% market dominance remains a key benchmark in the crypto market, and institutional trading behavior is increasingly affecting its price trend. Concerns about Trump's proposed tariffs and a possible six-month delay in the Bitcoin strategic reserve plan may be one of the reasons for the technical top pattern on the current chart.
BlackRock's IBIT ETF closely follows Bitcoin's price fluctuations and ushered in an important trading day with a trading volume of $5.1 billion. Although not the highest, it is still a considerable number. From a technical perspective, Bitcoin may retreat to its recent support level of $73,000, which coincides with the IBIT ETF's position of about $40.