🚨 Bitcoin’s Next Move May Depend on Liquidity & the Dollar
Bitcoin pushed above $72,000, reaching its highest level since June 1 as bond-market pressure eased.
Meanwhile, the Dollar Index fell 0.88% to 98.77, its lowest level since May.
A weaker dollar and expectations of greater liquidity could create a favorable backdrop for BTC, especially if demand for scarce assets rises.
But the rally has already triggered over $3.3B in liquidations, with roughly $3B coming from short positions.
BTC is moving higher , but leverage is rising too. 👀
#dyor #NFA✅
Bitcoin pushed above $72,000, reaching its highest level since June 1 as bond-market pressure eased.
Meanwhile, the Dollar Index fell 0.88% to 98.77, its lowest level since May.
A weaker dollar and expectations of greater liquidity could create a favorable backdrop for BTC, especially if demand for scarce assets rises.
But the rally has already triggered over $3.3B in liquidations, with roughly $3B coming from short positions.
BTC is moving higher , but leverage is rising too. 👀
#dyor #NFA✅