BITCOIN UNDER NEW PRESSURE: TWO REPORTS CHANGE THE BOARD
Bitcoin is trading again below US$84,000 as two new risk spotlights emerge.
Reuters reports that Trump rejected Iran’s proposal to move toward reopening the Strait of Hormuz, although Iran still expects an official response from Washington.
At the same time, Bitget confirmed an attack involving approximately US$351.6 million and temporarily suspended withdrawals while it completes its security review.
But there’s one piece of data that keeps supporting BTC:
Spot Bitcoin ETFs have accumulated more than US$2.8 billion in inflows over six consecutive sessions.
Our new scenario:
Bullish: 27%
Sideways: 36%
Bearish: 37%
The market is entering a delicate area again. US$81K–82K becomes a particularly important region if pressure continues to build.
We’ll keep monitoring ETFs, the Fed, the Treasury, oil, Hormuz, liquidations, and institutional moves
Bitcoin is trading again below US$84,000 as two new risk spotlights emerge.
Reuters reports that Trump rejected Iran’s proposal to move toward reopening the Strait of Hormuz, although Iran still expects an official response from Washington.
At the same time, Bitget confirmed an attack involving approximately US$351.6 million and temporarily suspended withdrawals while it completes its security review.
But there’s one piece of data that keeps supporting BTC:
Spot Bitcoin ETFs have accumulated more than US$2.8 billion in inflows over six consecutive sessions.
Our new scenario:
Bullish: 27%
Sideways: 36%
Bearish: 37%
The market is entering a delicate area again. US$81K–82K becomes a particularly important region if pressure continues to build.
We’ll keep monitoring ETFs, the Fed, the Treasury, oil, Hormuz, liquidations, and institutional moves