Bitcoin has stabilised between $75 000 and $80 000 following a sharp sell-off, signalling resilience rather than retreat as macro pressures briefly dominate market sentiment, according to financial advisors deVere Group.
Nigel Green, CEO of deVere Group, says this stabilisation comes as the US dollar index posts its strongest two-day gain in nine months, tightening financial conditions and slowing near-term risk appetite across digital assets.
“The dollar is flexing,” Green says. “This always creates friction for Bitcoin in the short-term. What matters is that prices are holding firm at elevated levels rather than unwinding.”
He adds that Bitcoin’s ability to stabilise after a rapid sell-off highlights the depth of demand now embedded in the market.
“This behaviour points to a market that is absorbing pressure, not buckling under it, which is typically how bases are built,” he says.
The recent strength in the dollar has been driven by shifting expectations around US monetary policy leadership and upcoming labour market data – both of which are reinforcing the currency’s momentum. A stronger dollar tends to cap immediate upside in Bitcoin by tightening global liquidity and drawing capital toward cash and short-duration assets.
Green says that such dynamics have repeatedly proven temporary in past cycles.
“Dollar rallies have a history of interrupting Bitcoin’s momentum, not reversing it,” he explains. “They typically slow the move – they don’t cancel the destination.”
He points to Bitcoin’s fundamentals as increasingly dominant over time. Supply remains structurally constrained, issuance is predictable, and long-term holders continue to accumulate during periods of consolidation.
At the same time, Bitcoin is now embedded within portfolio strategy discussions among asset managers, family offices, and corporate treasuries – shifting it from a previously speculative trade toward a strategic allocation.
“This is a very different market from earlier cycles,” says Green. “Bitcoin is no longer reliant on retail enthusiasm alone. Structural demand is broader, steadier, and more disciplined.”
He also highlights how macro uncertainty itself reinforces Bitcoin’s longer-term appeal.
“Persistent currency debasement risks, rising sovereign debt burdens, and geopolitical strain continue to strengthen the investment case for scarce digital assets,” Green says. “Those forces do not disappear because the dollar has a strong fortnight.”
Bitcoin’s current range, he adds, should be viewed as a zone of construction rather than exhaustion.
“Periods of consolidation near highs are historically constructive,” says Green. “They allow leverage to reset, conviction to strengthen, and long-term capital to establish positions.”
He concludes that short-term macro pressure is unlikely to derail Bitcoin’s broader trajectory.
“The dollar may be asserting itself today,” he says. “Bitcoin is, arguably, asserting something bigger. Scarcity, adoption, and credibility are doing the work beneath the surface.”