The founder of Capriole Investments, Charles Edwards, tweeted that the BTC Macro Index has turned bullish again, starting last week. That signals a genuine shift in market sentiment.
But how did this change occur so soon?
The change mainly happened due to a reasonable shift in the indices. As the RSI took a bullish stance, investors gained stronger confidence in BTC’s sustainable performance.
The BTC Macro Index, meanwhile, started showing bullish signs too.
Upon analyzing the tribe of investors, it was revealed that different macroeconomic indicators assessed the overall health of BTC to reach a consensus about an assured bullish stance regarding BTC in the market.
The bullish surge was first noticed on 17th April 2025, 14.30 UTC onwards. At the tick of the hour, the index crossed the resistance mark and reached a threshold of 50.
This event coincided with a minimal growth in the price of BTC, which hiked from $64,321 to $65,200 within just 1 hour.
# Effect on The Traders’ Community
The bullish signal from the BTC Macro Index has a crucial implication for traders and investors alike.
Followed by the tick of the index surge, the BTC trading volume also spiked. It reached a net of 23,450 BTC, as informed by the main exchanges like Binance and Coinbase.
# What Does the Change Suggest?
The volume increases also spiked the interest and the potential buying pressure. At the same time, the BTC/USD pair also felt a surge in the volume of open interest.
The value rose from 2.1 million to 2.3 million contracts on the CME (Chicago Exchange). It means the market will experience a broader impact, beyond just the dollar-pegged currency growth.
# Traders’ Take
It is a good time to restart trade in AI crypto crossovers. Now, most platforms will be leveraging the correlations for better gains!
