Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin price gearing up for next leg of ‘acceleration phase’

Bitcoin price gearing up for next leg of ‘acceleration phase’

Bitget Academy2025/04/01 05:59
By:Bitget Academy
A recent Fidelity Digital Assets report questioned whether Bitcoin price had already seen its cyclical “blow off top” or if BTC is on the cusp of another “acceleration phase.”
According to Fidelity analyst Zack Wainwright, Bitcoin’s acceleration phases are characterized by “high volatility and high profit,” similar to the price action seen when BTC pushed above $20,000 in December 2020. While Bitcoin’s year-to-date return reflects an 11.44% loss, and the asset is down nearly 25% from its all-time high, Wainwright says the recent post-acceleration phase performance is in line with BTC’s average drawdowns when compared to previous market cycles.
Wainwright suggests that Bitcoin is still in an acceleration phase but is moving closer to the completion of the cycle, as March 3 represented day 232 of the period. Previous peaks lasted slightly longer before a corrective period set in. “The acceleration phase of 2010 - 2011, 2015, and 2017 reached their tops on day 244, 261, 280, respectively, suggesting a slightly more drawn-out phase each cycle.”
Source: CoinTelegraph
 

Futures Market Updates

Even though prices retraced a little bit, traders remained cautious when it comes to opening new positions.

Bitcoin Futures Updates

Total BTC Open Interest: $52.37B (-1.60%)
BTC Volume (24H): $86.96B (+30.55%)
BTC Liquidations (24H): $15.42M (Long)/$43.14M (Short)
Long/Short Ratio: 50.33%/49.67%
Funding Rate: 0.0051%
 

Ether Futures Updates

Total ETH Open Interest: $20.62B (-1.46%)
ETH Volume (24H): $37.20B (+4.04%)
ETH Liquidations (24H): $28.66M (Long)/$26.64M (Short)
Long/Short Ratio: 51.27%/48.73%
Funding Rate: 0.0049%
 

Top 3 OI Surges

RIZ: $704.00K (+203.47%)
DOGINME: $723.07K (+195.77%)
BEL: $11.47M (+75.31%)
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!