Bitcoin jumped about 4% in the past 24 hours, trading near $110,000 . Short-term players are watching a break above $112,200 for signs of renewed strength, while long-term holders still sit largely in profit.
Reports have disclosed that easing US–China tensions may help risk assets like Bitcoin in the near term, adding a geopolitical layer to price action.
Macro Risks Could Shape Next Downturn
According to analyst Willy Woo, the next crypto bear market could be driven by a classic “business cycle” slump rather than the usual crypto rhythms.
He pointed out that two cycles have overlapped so far: the four-year Bitcoin halving rhythm and swings in M2 money supply.
Woo warned that a true business cycle contraction — the kind seen around 2001 and 2008 — would be a different test for