Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight

Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight originally appeared on TheStreet.

After a turbulent few months, the crypto market seems bored.

Bitcoin is holding steady above $105,000, with a modest 2.5% weekly gain. Ethereum is flat around $2,592, while Solana and XRP are up around 8%. The numbers aren’t bad—but the lack of direction is making some analysts uneasy.

According to Singapore-based trading firm QCP Capital, this isn’t just a lull—it’s a warning sign.

Markets are tuning out the noise

“Volatility across most asset classes continues to drift lower,” QCP analysts said in a note seen by TheStreet Roundtable. “Markets appear increasingly inured to negative developments, brushing off headlines that might once have sparked more significant reactions.”

It’s not like there’s a shortage of news. Tariff shocks, rising debt, and central bank signals are all out there. But the market isn’t flinching. Bond yields are retreating, too—U.S. 10-year and 30-year yields have dipped below 4.5% and 5%, and Japan’s 30-year JGB is under 3%. Traders, for now, are unfazed.

QCP says this stretch of calm has pushed us into a sort of “Goldilocks zone,” where things feel just right—but maybe too right.

“It will take time for companies and consumers to adjust pricing and spending patterns,” they said, referring to the recent tariff policy. “Only in Q3 are we likely to see these dynamics reflected in the numbers.”

The calm before the Q3 storm?

If that sounds like a setup for surprise volatility later this year, that’s because it is. The Federal Reserve appears to be on the same page—downplaying short-term data unless the economy shows serious signs of stress.

Upcoming U.S. Treasury auctions in June for 10, 20, and 30-year bonds will be key tests. Japan is also adjusting issuance of long-dated paper in response to tepid demand.

Meanwhile, the crypto market is still waiting for policy clarity. Progress on digital assets under the Trump administration has been slow, but there are signs of momentum. Senator Cynthia Lummis recently made headlines in Las Vegas with bold remarks about stablecoin regulation and the idea of a national Bitcoin Strategic Reserve.

“The Conference may offer the jolt needed to revive White House engagement,” QCP wrote.

And that might not be all. Trump Media is reportedly looking to raise $2.5 billion and join other corporates like Strategy and Metaplanet in building a Bitcoin reserve—a structural bid that could offer some support.

Crypto’s calm may not last

For now, the market looks healthy on the surface. Trading volumes remain strong—Bitcoin alone saw over $43 billion in daily volume, and altcoins like DOGE and ADA are outperforming with weekly gains over 10%. But it’s all happening in a strangely quiet environment.

QCP’s warning is that don’t get too comfortable. The market may not react today—but that doesn’t mean it won’t tomorrow.

Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight first appeared on TheStreet on May 30, 2025

This story was originally reported by TheStreet on May 30, 2025, where it first appeared.

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