๐ด Bitcoin rebounded to around $82,500 after hitting $79,770 amid high inflation, but U.S. spot ETFs still bled about $228M last week. This looks like a macro relief rally, not real demand. The October 21 oil inventory report is the next test for $80K. A clear move above $84Kโ$85K, along with ETF inflows, would change the outlook. ๐
Will Bitcoin hold $80,000 if oil inventories come in higher than expected, or will weak ETF flows send it back to last weekโs low? ๐
#bitcoin #inflation #oil #etf #fed
Will Bitcoin hold $80,000 if oil inventories come in higher than expected, or will weak ETF flows send it back to last weekโs low? ๐
#bitcoin #inflation #oil #etf #fed