Bitcoin, briefly dipped below $63,000 before clawing back to around $63,900, but the damage was already done. More than $156 million in Bitcoin positions were liquidated, with leveraged bulls taking most of the pain—a reminder that leverage is a fair-weather friend.
Markets are now in full "don't blink" mode. The Fed's rate decision, Core PCE inflation, Q2 GDP and Big Tech earnings are all due this week, giving investors plenty of reasons to keep one eye on crypto and the other on the Fed.
Institutional money is showing a subtle shift. Bitcoin ETFs saw a weekly net outflow of 3,170 BTC, while Ethereum ETFs attracted 37,959 ETH, led by BlackRock's fund. Bitcoin may still wear the crypto crown, but some investors appear to be window-shopping in Ethereum's aisle.
#BTC☀️ $BTC
Markets are now in full "don't blink" mode. The Fed's rate decision, Core PCE inflation, Q2 GDP and Big Tech earnings are all due this week, giving investors plenty of reasons to keep one eye on crypto and the other on the Fed.
Institutional money is showing a subtle shift. Bitcoin ETFs saw a weekly net outflow of 3,170 BTC, while Ethereum ETFs attracted 37,959 ETH, led by BlackRock's fund. Bitcoin may still wear the crypto crown, but some investors appear to be window-shopping in Ethereum's aisle.
#BTC☀️ $BTC