FOMC hiked by 25 bps—then ETF net inflows were $160 million.
On the day of the hike, institutions were buying BTC.
This is the most counterintuitive scene of the year.
The historical pattern is exactly this: when the odds of a rate hike are 90%, by the day the actual hike is carried out, it’s already old news. Those who want to sell have sold before the hike, and those who want to buy enter on the day of the hike.
ETF net inflows for the year to date total $4.0 billion, with total assets of $9.79 billion—right during the hiking cycle.
Today BTC is around $78,000–$79,000, about 5% below the 50-week moving average at $82,470.
That line is the most important technical level of the year—historically, after BTC has broken above it, 85% of the time it does not go on to set new lower closing prices.
With the hike done, the ETF is still seeing inflows—$82,470 is the next target.
Whether it can break above that level is the most important question for BTC this year.
$BTC
#比特币现货etf净流入1.6亿美元
On the day of the hike, institutions were buying BTC.
This is the most counterintuitive scene of the year.
The historical pattern is exactly this: when the odds of a rate hike are 90%, by the day the actual hike is carried out, it’s already old news. Those who want to sell have sold before the hike, and those who want to buy enter on the day of the hike.
ETF net inflows for the year to date total $4.0 billion, with total assets of $9.79 billion—right during the hiking cycle.
Today BTC is around $78,000–$79,000, about 5% below the 50-week moving average at $82,470.
That line is the most important technical level of the year—historically, after BTC has broken above it, 85% of the time it does not go on to set new lower closing prices.
With the hike done, the ETF is still seeing inflows—$82,470 is the next target.
Whether it can break above that level is the most important question for BTC this year.
$BTC
#比特币现货etf净流入1.6亿美元
