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Most sell risk since 3AC collapse: 5 Things to know in Bitcoin this week


2025-02-1112966 Views

From cointelegraph by William Suberg

Bitcoin dodges tariffs and mass exchange selling as a wild February ride continues this week.

  • Rangebound BTC price action is tipped to flip in an instant on “very thin” liquidity as a stubborn broader trading range endures.
  • CPI week is here again, while Fed Chair Jerome Powell is due to testify twice before US lawmakers.
  • Tariff talk is back, this time involving a whole raft of US trading partners — and so far, only gold is benefiting as a result.
  • Whales are still in full distribution mode and have been since late last year — do they know something that the market does not?
  • Not everyone is hawkish on the outlook — a new raft of crypto price predictions sees Bitcoin embarking on a trip to $700,000 starting this quarter.

“Very thin” order books set stage for BTC price move

BTC price volatility has yet to surprise traders up or down as a weekend of steady downside gives way to modest gains to start the week.

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD lingering around the center of a well-defined trading range.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

The buzz around fresh tariffs from the US government failed to spark a repeat of the intense volatility seen this time last week, with traders still waiting for the next market catalyst.

“Slow moves in the past 4 days which was normal in order to fill most wicks,” popular trader CrypNuevo summarized in a thread on X on Feb. 9.

“I think this week we could see some more volatility due to Wednesday's CPI, so we could see the real move of the week after that event.”

BTC/USDT 1-hour chart. Source: CrypNuevo/X

CrypNuevo referred to the upcoming US macroeconomic data prints, which include the Consumer Price Index (CPI) numbers for January. 

“Orderbook is very thin at the moment, PA very slow and not seeing any strong signals to determine up or down,” he continued, giving $94,000 as a potential short-term bottom should a liquidity hunt ensue.




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