Bitcoin's Bumpy Ride: From Lows to Laughs! 🚀

- Bitcoin (BTC) bounced back to $58,000 on Sept. 10, an 8% rise from its four-week low of $53,955. But investors are still feeling a bit "meh," says Glassnode.

- Centralized exchanges (CEXs) are quieter than a mime convention, with trading volumes shrinking. Glassnode's report highlights a dip in investor demand and less speculative trading.

- Institutional investors are also hitting the brakes, with spot Bitcoin ETFs seeing net outflows of $107M/week since Aug. 2024.

- CoinShares notes $643M outflows from Bitcoin investment products, thanks to some unexpected macroeconomic data.

Stay tuned, Bitcoin's next act could be wild!