☀️ Friday Crypto Market Check
Bitcoin is starting the day under pressure.
The latest reports put $BTC around $63.4K, after an early move near $63.05K. Spot #Bitcoin ETFs have recorded back-to-back outflow days, while more than $86M in crypto futures positions were liquidated over the latest 24-hour period, with BTC and $ETH longs accounting for most of the liquidations. (Moneycontrol)
At the same time, U.S. July PPI came in unchanged month-over-month and 4.7% higher year-over-year, easing some expectations for a September Fed hike. (Reuters)
So today’s setup is interesting:
Softer inflation + weaker crypto price action.
That tells me the market still needs stronger demand confirmation before treating macro improvement as a bullish catalyst.
Are you watching ETF flows, derivatives liquidations, or spot volume most closely today?
$BNB
#CryptoMarket #Macro #BinanceSquare #DYOR
Bitcoin is starting the day under pressure.
The latest reports put $BTC around $63.4K, after an early move near $63.05K. Spot #Bitcoin ETFs have recorded back-to-back outflow days, while more than $86M in crypto futures positions were liquidated over the latest 24-hour period, with BTC and $ETH longs accounting for most of the liquidations. (Moneycontrol)
At the same time, U.S. July PPI came in unchanged month-over-month and 4.7% higher year-over-year, easing some expectations for a September Fed hike. (Reuters)
So today’s setup is interesting:
Softer inflation + weaker crypto price action.
That tells me the market still needs stronger demand confirmation before treating macro improvement as a bullish catalyst.
Are you watching ETF flows, derivatives liquidations, or spot volume most closely today?
$BNB
#CryptoMarket #Macro #BinanceSquare #DYOR