- Bitcoin's Sharpe Ratio shows controlled risk, far from the peaks of 2013, 2017, and 2021.
- Trump Media team signs a contract to purchase Bitcoin worth $2.32 billion while the price is still trading in a wide range.
On May 30, Bitcoin (BTC) maintained its position above $103,000, holding steady despite increasing market volatility.
Although the price increase has slowed, the Sharpe Ratio sends a rare signal at a medium level, indicating that the market is not yet overly inflated.
This index has not yet reached the high resistance level typically seen at market peaks in 2013, 2017, and 2021.
At the time of writing, the Sharpe Ratio shows moderate risk, meaning the cryptocurrency market is not yet overheated.
The broken red line indicates that high excitement is still far away, as the Sharpe Ratio remains in the middle zone. However, the current price trend is not yet clear.
In the past, these levels often appeared before price growth or correction periods.
Source: Alphractal
This is clearly an important moment.
Despite potential price increases, traders should be cautious until this index enters the high-risk zone.
Trump Media's $2.32 Billion Bitcoin Purchase Contract During Broad Accumulation Phase
The news that Trump Media may buy BTC worth $2.32 billion could significantly impact Bitcoin's price movement in the current market context.
According to Arkham, Bitcoin is at $105,000, up 12.39% from 30 days ago.
Purchasing such a large amount helps increase cryptocurrency value due to increased demand and limited coin circulation.
Meanwhile, the Sharpe Ratio remains at a moderate risk level, opening up growth opportunities without causing overly hot market reactions.
Source: X
History shows that similar risk levels are often accompanied by significant price increases or decreases. Completing the transaction will boost optimistic sentiment, though short-term volatility may occur.
Professional investors always track trading capital flows because large transactions can trigger massive buying and selling.
Critical Price Zone: $97,000–$99,000
According to the chart, Bitcoin remains within the range of $90,845 to $111,938. A quick breakout attempt was quickly rejected, pulling BTC to a closing price of $103,658.
Currently, the focus is on the support area of $97,000–$99,000, where three technical factors intersect:
- Medium peak at $99,638
- Fibonacci Retracement Level 0.382 at $97,622
- 200-day moving average at $94,717
If Bitcoin maintains this support zone, a reversal or bounce is possible. Conversely, if this zone is lost, the price may continue to drop to the support area of $90,845–$90,626.
Source: TradingView
If BTC breaks through the historical high of $111,938 and maintains momentum, it could open a new breakout.
The price stagnation at a high threshold and lack of breakthrough suggest that investors should be cautious.
The 200-day moving average continues to maintain an upward trend and could support recovery if the price touches this area again.
At this point, BTC holders should wait for clearer signals at major support and resistance levels before taking action.
