{"id":24916,"date":"2025-05-02T15:02:40","date_gmt":"2025-05-02T15:02:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24916"},"modified":"2025-05-02T15:02:40","modified_gmt":"2025-05-02T15:02:40","slug":"bitcoin-hovers-around-97000-but-this-is-a-fragile-rally-analyst-warns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24916","title":{"rendered":"Bitcoin Hovers Around $97,000 But This Is A &#8216;Fragile Rally,&#8217; Analyst Warns"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>\u2018s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) recovery to $97,000 shows concerning signs of weakness in on-chain metrics despite strong ETF inflows, suggesting the rally may be <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45164011\/bitcoin-ethereum-xrp-dogecoin-sentiment-rebounds-as-btc-hits-97000\">more fragile than it appears<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>According to Vizart, on-chain analyst at <strong>Glassnode<\/strong>, the rally was \u201cspot driven mostly, but it didn\u2019t ignite or incentivize the perpetual market.\u201d<\/p>\n<p>During their latest Bitcoin Intelligence Report on the 21st Capital podcast published on April 30, he <a href=\"https:\/\/www.youtube.com\/watch?v=YaGA_tHsAgg&amp;ab_channel=21stCapital\">characterized<\/a> the current market structure as a \u201cfragile rally\u201d that lacks crucial confirmation signals typically seen in sustainable uptrends.<\/p>\n<p>The analysis highlights that while Bitcoin has rebounded significantly from its recent lows near $74,000, several key metrics suggest caution. <\/p>\n<p>Most notably, the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/05\/45170022\/bitcoin-hovers-around-97000-but-this-is-a-fragile-rally-analyst-warns\" alt=\"Bitcoin\" hovers around but this is a rally analyst warns>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2018s (CRYPTO: BTC) recovery to $97,000 shows concerning signs of weakness in on-chain metrics despite strong ETF inflows, suggesting the rally may be more fragile than it appears. What Happened: According to Vizart, on-chain analyst at Glassnode, the rally was \u201cspot driven mostly, but it didn\u2019t ignite or incentivize the perpetual market.\u201d During their latest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24916","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24916"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24916\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}