Bitcoin has closed lower for five straight weeks, with $BTC trading around 73,636 USDT on Binance spot. While stock funds saw billions in inflows from dip-buyers, US spot Bitcoin ETFs lost 1.6 billion dollars in November. More than 1 billion dollars in liquidations occurred over 24 hours as the AI stock selloff hit crypto. Markets now price an 80 percent chance of a December Fed hike before Tuesday's CPI data.
My read: the heavy ETF outflows compared to stock market dip-buying suggest that institutional capital still views crypto as the first lever to pull when macro risk increases.
Are you holding through these five weeks of red or have you moved capital into stocks?
#BitcoinFiveWeeklyLosses
My read: the heavy ETF outflows compared to stock market dip-buying suggest that institutional capital still views crypto as the first lever to pull when macro risk increases.
Are you holding through these five weeks of red or have you moved capital into stocks?
#BitcoinFiveWeeklyLosses