šØ BITCOIN IS UNDER PRESSUREā¦ BUT THERE IS ONE DETAIL THAT STANDS OUT
Bitcoin recently reached above $86,000, but subsequently pulled back toward the $84,000 area.
Whatās the reason?
The market is reacting to higher yields on U.S. government bonds and new expectations regarding interest rates.
But thereās another interesting piece of data š
Spot Bitcoin ETFs saw an inflow of approximately $999 million on September 21, the largest daily inflow of the year at that point.
š§ This leaves us with an important question:
Does the BTC pullback simply represent a correction, or are we seeing a change in trend?
I would be paying special attention to:
š¹ ETF flows
š¹ Spot volume
š¹ Bond yields
š¹ Buyersā behavior
ā ļø The price can change rapidly. This is not financial advice.
What are you noticing right now: bullish BTC, bearish BTC, or waiting for confirmation? š