Bitcoin just closed its 5th straight red weekly candle, and the interesting part isn't the drop itself.
The weekly close was $74,851, the first close below the 50-week average in two months. US spot ETFs lost $1.28 billion in five days, the worst week since June. And BTC is currently trading like a leveraged Nasdaq bet.
So this isn't only a crypto story anymore. CPI data lands today, and that may move BTC more than any crypto news.
For spot buyers like me, I'm not rushing. I'd rather wait for BTC to hold above its key level before adding more.
Are you accumulating here, or waiting for a reclaim? 👇 #BitcoinFiveWeeklyLosses
$BTC
The weekly close was $74,851, the first close below the 50-week average in two months. US spot ETFs lost $1.28 billion in five days, the worst week since June. And BTC is currently trading like a leveraged Nasdaq bet.
So this isn't only a crypto story anymore. CPI data lands today, and that may move BTC more than any crypto news.
For spot buyers like me, I'm not rushing. I'd rather wait for BTC to hold above its key level before adding more.
Are you accumulating here, or waiting for a reclaim? 👇 #BitcoinFiveWeeklyLosses
$BTC
