BTC in brief consolidation?

Bitcoin is consolidating around the $107,000 level, but the broader trend remains bullish. On the weekly chart, momentum indicators stay strong: oscillators are near or in overbought territory, signaling ongoing buying pressure and potential for further gains. The Moving Average Convergence Divergence (MACD) remains above its signal line, reinforcing the bullish bias. On the daily chart, price action looks more range-bound. Oscillators are now neutral, and the Average Directional Index (ADX) is weakening—both signs of reduced trend strength and indecision.

For key levels, resistance sits at $110,000 and $112,000, just above the previous all-time high, with a stronger barrier at $120,000. Support lies at $104,000, with a firm psychological floor at $100,000. Looking ahead, the interest rate decision on Wednesday could be a catalyst, potentially determining Bitcoin’s next directional move.

BTC stays cool in macro heat

It’s been an interesting past week for Bitcoin. CPI has landed. The Fed meets. Tariffs are looming. Geopolitics are in conflict. And yet… Bitcoin remains remarkably calm.

Once upon a time, a slight upward nudge in inflation or the hint of a rate hike would send BTC skittering off course. Now, amid a steady stream of macroeconomic turbulence – from trade tariff escalations to persistent inflation volatility – Bitcoin just keeps orbiting above $100,000, as if it’s been here all along. In fact, BTC has quietly absorbed more shocks in recent weeks than it would have tolerated in past cycles:

• May CPI came in at 2.4% YoY, slightly higher than April’s 2.3%, but below forecasts – a “cooling” that would normally drive outsized risk-on enthusiasm. Bitcoin? Barely blinked.
• Fed Chair Powell is expected to hold rates steady this week (over 95% chance, per CME FedWatch), despite political pressure to slash by a full point. Markets aren’t thrilled. Bitcoin? Still cruising.
• The geopolitical crisis in the Middle East briefly shaved 4% off BTC… only for it to rebound quickly and preserve its hedge status.

To be clear, Bitcoin is not divorced from macroeconomics. Liquidity, interest rates, and inflation still matter. But the magnitude of reaction is changing, and that might matter more. While the Fed holds rates at a 20-year high, central banks in Europe and China have already started easing. Historically, Bitcoin would have latched onto that divergence. Now, it seems to hover above the noise, feeding instead on long-term flows, including a record $5.23 billion in ETF net inflows last month.

Even the tariff tension, perceived to boost inflation, seems priced in. The May CPI came in cooler than expected despite the latest wave of protectionism, suggesting that inflation risks might be softer than feared, and that rate cuts later in the year are not off the table. But even if they weren’t coming? Bitcoin, for now, doesn’t seem to care. Perhaps we’re witnessing a subtle shift: Bitcoin isn’t just shaking off the Fed – it's beginning to outgrow it.

Yes, BTC has long been lumped in with the “risk-on” crowd. But a pattern is forming. Each macro data release has less of an effect. Each Fed move elicits fewer trading spasms. Perhaps it’s because institutional inflows and ETF structures are creating more resilient demand. Perhaps it’s the hardening perception of Bitcoin as a geopolitical hedge. Or maybe it’s just a maturing market that’s seen this movie before. 

Either way, as the Fed deliberates this week, Bitcoin could likely remain its usual self: quietly unbothered, with eyes on the next all-time high, with the confidence of a truly established asset. And that might be the biggest idea for now.

Ethereum

ETH closes the gap and takes the lead

ETH outperformed BTC in the past week, and there are good reasons for that. While the price action remains measured, beneath the surface Ethereum is gathering strength. From whale accumulation to institutional validation and treasury adoption.

Here’s what’s beneath:

• Whale accumulation: Ethereum wallets holding 1,000–100,000 ETH added 1.49 million ETH ($3.79 billion) over the past month, now holding nearly 27% of supply. Retail wallets, meanwhile, are taking profits.
• ETF inflows: Spot ETH ETFs posted $1.37 billion in inflows over a 19-day streak (a record) – though that streak ended Friday with a modest $2.1 million outflow.