Source: Cointelegraph.com NewsKey points:<\/p>\n
Mixed results for US jobless claims fail to dent risk-asset enthusiasm.
\nDespite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of the Wall Street trading session.
\nBTC price expectations remain lofty amid low volatility and a curious lack of profit-taking.<\/p>\n
Bitcoin (BTC) focused on $111,000 around the May 22 Wall Street open as record highs met mixed US unemployment data.
\nBTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView
\nBitcoin, stocks brush off jobs uncertainty
\nData from Cointelegraph Markets Pro and TradingView showed BTC price volatility cooling in line with stocks.
\nThe latest US macroeconomic data painted a conflicting picture of labor market resilience to inflation trends.
\nInitial jobless claims came in below expectations at 227,000, while continuing claims exceeded their target by 13,000.
\nFar from a wary reaction, however, risk assets maintained prior levels, leading analysis to bullish conclusions over market sentiment.
\n\u201cInitial Jobless Claims came in cooler than expected. Continuing Claims came in hotter than expected,\u201d Blacknox, cofounders of trading resource Material Indicators, reacted on X.\u00a0
\n\u201cBTC is in price discovery, and the market wants to celebrate the good news and ignore the bad news.\u201d
\nFellow co-founder Keith Alan described the jobless numbers as \u201ca bit more fuel for BTC momentum.\u201d
\n\u201cKeep watching Bitcoin and Gold,\u201d trading resource The Kobeissi Letter continued.
\nKobessi added that it expected some form of government intervention in the bond market after stocks\u2019 volatility kicked in the day prior.<\/p>\n
On today’s episode of the bond market:The US 30Y Bond yield just hit 5.15% for the first time since October 2023.Other than October 2023, 30Y Yields have not been this high since July 2007.We expect attempted intervention by Trump and Bessent as the Fed refuses to cut\u2026 https:\/\/t.co\/GUptlBLyCK pic.twitter.com\/0DONKceum6\u2014 The Kobeissi Letter (@KobeissiLetter) May 22, 2025<\/p>\n
Bitcoin due \u201cbigger move\u201d amid low profit-taking Source: Cointelegraph.com NewsKey points: Mixed results for US jobless claims fail to dent risk-asset enthusiasm. Despite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129802"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129802"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129802\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129802"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nComparing the latest all-time highs to previous cycles, meanwhile, Bitcoin market participants revealed surprising behavior.
\nRelated: Bitcoin ‘looks exhausted’ as next bear market yields $69K target
\nVolatility and mass profit-taking, they noted, were both conspicuously lacking at $111,000.
\n\u201cCan’t recall a time in history where $BTC just casually traded around in a 1% range at all time highs,\u201d popular trader Daan Crypto Trades told X followers.\u00a0
\n\u201cBigger move following once it breaks this local tiny range. Quite a lot of positions being build up on both sides.\u201d
\nBTC\/USDT 15-minute chart. Source: Daan Crypto Trades\/XOrder book liquidity data from monitoring resource CoinGlass thickening bids and asks around spot price.\u00a0
\nBTC liquidation heatmap. Source: CoinGlassElsewhere, onchain analytics platform Glassnode flagged steadfast resolve among hodlers despite 100% supply profitability.
\n\u201cWhen $BTC hit all-time high yesterday, total profit-taking volume was around $1.00B – less than half the amount realized when Bitcoin first crossed $100K last December, which hit $2.10B,\u201d it noted on the day.\u00a0
\n\u201cDespite a higher price, profit realization was far more muted.\u201d
\nBitcoin spent volume by coin dormancy. Source: GlassnodeThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"