$BTC
Bitcoin is consolidating around $77k today đ€
After Trumpâs Iran statement yesterday, selling hit the market and BTC dropped to $76.5k.
Two big factors are driving this:
1. *Macro pressure* â US bond yields are above 5%, weighing on risk assets
2. *ETF outflows* â Spot BTC ETFs saw $1B in outflows last week
But long-term holders are still holding, with exchange balances at a 6-year low.
Is this a dip to buy, or are we heading lower? Drop your take below đ
#Bitcoin #Crypto #BinanceSquare
NFA - Not Financial Advice.....
Bitcoin is consolidating around $77k today đ€
After Trumpâs Iran statement yesterday, selling hit the market and BTC dropped to $76.5k.
Two big factors are driving this:
1. *Macro pressure* â US bond yields are above 5%, weighing on risk assets
2. *ETF outflows* â Spot BTC ETFs saw $1B in outflows last week
But long-term holders are still holding, with exchange balances at a 6-year low.
Is this a dip to buy, or are we heading lower? Drop your take below đ
#Bitcoin #Crypto #BinanceSquare
NFA - Not Financial Advice.....