โฟ Bitcoin is currently trading around the $83Kโ$84K zone, after recently reaching above $86K. The market is facing pressure from higher U.S. Treasury yields and expectations around future interest-rate moves.
๐ Key points: โข $BTC recently tested the $86K area โข U.S. Spot Bitcoin ETFs recorded strong inflows, including about $2.4B in one week โข Institutional demand remains an important market factor โข Higher interest rates and macroeconomic data could increase short-term volatility โข Traders are closely watching upcoming U.S. inflation and employment data
๐ฅ My takeaway: $BTC remains highly volatile. The current market is a battle between renewed ETF demand and macroeconomic pressure. Risk management is essential.