Industry experts have noticed that the market as a whole has been rangebound lately. One of the flagship currencies, BTC, has been consolidating near the $104,000 mark. This has made the experts realize that the market is maturing, even though the overall value of spot ETFs has dropped to $228 million from a whopping $3 billion.
Industry insiders have noticed that the most popular cryptocurrency, BTC, has been trading at around $103,989.44, up by 1.31%. The token’s 24-hour trading volume is valued at around $52.04 billion. The token’s overall market cap is around $2.18 trillion, which is still the highest among other currencies.
Is BTC Profitable Today?
A research analyst at crypto analysis firm Delta Exchange, Riya Sehgal, stated that the token’s consolidation signal suggests that the market is eventually maturing. Therefore, even though institutional interest might be cooling off, the long-term investing metrics look good.
Riya Sehgal pointed out that the token has rebounded by 36 percent, and on-chain data suggest that around 97% of the investors are still in profit. Sehgal also highlighted that Macro signals played a crucial role.
Riya Sehgal said, “Eric Trump’s remarks at Consensus 2025, referencing increased Bitcoin accumulation by sovereign funds and wealthy families, reflect growing global adoption. Additionally, falling US Treasury yields and rising correlation with equities hint at expectations of greater liquidity and a potential risk-on environment.”
Overall, the market shows positive metrics for BTC, which can again initiate another bullish rally.
