Bitcoin Catapults To $87,000: What Is Going On?
Bitcoin‘s (CRYPTO: BTC) price surge above $87,000 on Monday may not be as stable as it appears, according to leading crypto analysts and DeFi experts.
While the cryptocurrency continues to show technical resilience, experts warn that the rally’s foundation could falter without support from macroeconomic indicators and on-chain metrics.
What Experts Are Saying: “Short-term bullish, mid-term fragile,” said Chuck Zhang, CFO of PolyFlow, a DeFi platform focused on real-world assets. “As long as ETF inflows and technical momentum hold, the rally can persist. But absent confirmation from broader macro and on-chain activity, sustainability is at risk.”
Speaking with Benzinga, Zhang pointed to growing credit stress and weakening on-chain flows as red flags, urging investors to monitor ETF performance, changes in open interest, and potential liquidity shocks closely.
Bitcoin’s recent push to $87,500, its highest level in over three weeks, points toward a strong technical positioning, with the asset bouncing off …
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