Bitcoin rises slightly as dollar falls

US Dollar Falls Due to Uncertainty in US-China Tariff Negotiations
Cryptocurrencies Attract Buying Pressure Following Dollar Value
BTC Maintains $93,000 Level... Altcoins Slightly Rise
Glassnode: "BTC Rally Imminent with Whale Buying Pressure"

Bitcoin (BTC) slightly rose on the 25th following the US dollar value decline amid uncertainty in US-China tariff negotiations.

Previously, US President Trump announced ongoing negotiations with China. However, the Chinese Foreign Ministry officially stated on the 24th that there have been no dialogues with the US government.

The US Dollar Index (DXY) fell 0.56% on the 24th amid uncertain dialogues between G1 and G2 countries that recently shook asset markets.

With the dollar's weakness, the cryptocurrency market, emerging as a 'hedging asset', slightly rose. Bitcoin maintained the $93,000 level, and many altcoins recorded over 3% growth.

◇Bitcoin = As of 4 PM on the 25th, Bitcoin's price on Upbit is 134,780,000 won. Bitcoin's dominance was 64.19%.

According to on-chain analysis platform Sigbit, the long and short betting ratios in the Bitcoin futures market were 40.01% and 59.99%, respectively.

Analysis revealed that Bitcoin is on the verge of a rally based on whale buying pressure.

On-chain analysis platform Glassnode projected on its X account on the 24th that Bitcoin wallets holding over 10,000 BTC are aggressively accumulating, indicating an imminent Bitcoin rally.

Glassnode stated, "Bitcoin holders with over 10,000 coins recorded a 0.9 Bitcoin cumulative score, showing a perfect accumulation trend" and "Holders with 1,000-10,000 BTC have a 0.7 cumulative score, while those with 100-1,000 BTC have a 0.5 score."

They emphasized that "large wallets are buying for a rally."

The Bitcoin cumulative trend score is an on-chain indicator that checks wallets purchasing Bitcoin and their balances, determining buying and selling trends based on different groups. A higher number indicates stronger buying pressure.

◇Rising Coins = As of 4 PM on the 25th, DeepBook (DEEP) recorded the largest increase, rising approximately 12%.

DeepBook is a native liquidity layer built to integrate liquidity within the Sui ecosystem's DeFi protocol. It is evaluated as a CLOB-based liquidity layer similar to Solana's Serum.

DeepBook plays a pivotal role in DeFi liquidity on Sui, gaining attention as a project supporting liquidity management. The DeepBook coin is used for fees, staking incentives, and governance within its ecosystem.

◇Fear and Greed Index = The digital asset Fear-Greed Index provided by Alternative is at 60 points, entering the 'Greed' stage. The greed stage indicates increased price volatility and trading volume, suggesting a potential price rise. Caution is advised for potential short-term peak formation.

The Relative Strength Index (RSI) provided by Sigbit is 67.1, recording a 'neutral' state. RSI measures the relative strength between upward and downward price pressures, indicating overbought and oversold levels for a specific asset.

Reporter Seung-won Kwon ksw@blockstreet.co.kr