$BTC is still in an interesting zone right now. The market has been dealing with pressure from rising oil prices, inflation concerns and growing expectations around the Federal Reserve’s upcoming rate decision.
On top of that, U.S. spot bitcoin ETFs recorded around $462.7 million in net outflows between September 8 and 11, which shows that institutional demand was not as strong during that period. I don’t think this automatically means Bitcoin is bearish, but it does tell me that buyers still have something to prove. Personally, I’m watching how $BTC reacts around the current levels instead of trying to predict the next candle. If buyers return with stronger volume, the picture could change quickly. Do you think $BTC is preparing for another move higher, or do we need more consolidation first? #AnthropicCEOCallsForAISlowdown #SECReceivesGrayscaleLitecoinTrustETFFiling #Bitcoin #BTC #BinanceSquare #Crypto #BTCUSDT #CryptoMarket #DYOR
On top of that, U.S. spot bitcoin ETFs recorded around $462.7 million in net outflows between September 8 and 11, which shows that institutional demand was not as strong during that period. I don’t think this automatically means Bitcoin is bearish, but it does tell me that buyers still have something to prove. Personally, I’m watching how $BTC reacts around the current levels instead of trying to predict the next candle. If buyers return with stronger volume, the picture could change quickly. Do you think $BTC is preparing for another move higher, or do we need more consolidation first? #AnthropicCEOCallsForAISlowdown #SECReceivesGrayscaleLitecoinTrustETFFiling #Bitcoin #BTC #BinanceSquare #Crypto #BTCUSDT #CryptoMarket #DYOR
