$BTCUSDT is pulling back today after a very strong 3-day run. As of now, BTC is around $76.7K, down ~2.3% today, while it’s still roughly +22% over the past week.
🚨🚨🚨 Why is crypto down today?🚨🚨🚨
BTC rallied very quickly over 20% in the past week, reaching above $79K.
Traders who bought around $60-70K are now taking profits.
The market is cooling after strong spot Bitcoin ETF buying; U.S. spot ETFs had about $1.6B of net inflows Monday to Thursday.
After a sharp rally, leveraged traders get flushed out, which can accelerate a 2-5% BTC pullback.
Important: BTC being down 2% today doesn't necessarily mean the 3-day uptrend is finished. The bigger question is whether BTC can hold the mid $76K area and eventually reclaim $78–80K.
#USCanadaTradeTalksCollapseCanadaVowsRetaliation #SandboxSANDSuspectedInfiniteMintFlawOnBase #GrayscaleFilesFifthZECETFAmendment #USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses $XAUT
🚨🚨🚨 Why is crypto down today?🚨🚨🚨
BTC rallied very quickly over 20% in the past week, reaching above $79K.
Traders who bought around $60-70K are now taking profits.
The market is cooling after strong spot Bitcoin ETF buying; U.S. spot ETFs had about $1.6B of net inflows Monday to Thursday.
After a sharp rally, leveraged traders get flushed out, which can accelerate a 2-5% BTC pullback.
Important: BTC being down 2% today doesn't necessarily mean the 3-day uptrend is finished. The bigger question is whether BTC can hold the mid $76K area and eventually reclaim $78–80K.
#USCanadaTradeTalksCollapseCanadaVowsRetaliation #SandboxSANDSuspectedInfiniteMintFlawOnBase #GrayscaleFilesFifthZECETFAmendment #USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses $XAUT
