Bitcoin starts the week with a key challenge for the bull market. Traders see a solid rebound as the price hits $116,000. Uncertainty looms over the market’s direction. US inflation data is delayed due to government shutdown. Gold hits all-time highs, highlighting the “debasement trade” narrative.

Bitcoin makes a strong comeback to $116,000 after a major liquidation event. Market volatility spikes, with potential relief for bulls but ongoing concerns about shorts. Stocks and gold experience turmoil, with gold reaching new highs. Trump’s message aids in market recovery.

Crypto market sees a significant reset after last week’s events. Funding rates hit bear-market lows, indicating a massive leverage reset. Open interest drops by $20 billion, then rebounds. Analysts urge caution in light of recent liquidity flush. BTC long/short bias remains negative.

US inflation data is delayed due to government shutdown. Fed Chair Powell’s speech at NABE meeting in focus. Markets await guidance on potential interest rate cuts. Expectations high for a 0.25% rate cut at the upcoming meeting. Deep divisions among officials on future cuts.

Crypto market rides the “debasement trade” wave as USD devaluation fears grow. Bitcoin leads the rally to record highs. Gold at new all-time highs, signaling inflation concerns. Market’s reactionary nature highlighted by recent events. Leverage and algorithmic trading contribute to market volatility.

Read more at Cointelegraph: Bitcoin Risks Bull Market Collapse as Bulls Fight for $116,000