I’m watching Bitcoin closely here.
Despite oil moving toward $88 and renewed ratenhike fears pressuring risk assets, Spot Bitcoin ETFs still saw nearly $987M in inflows last week.
To me, that shows institutional demand is still strong, even with the macro pressure.
The key level I’m watching is $77K. If that breaks, $72K could come into focus ahead of the CPI report.
For now, it’s a real tug-of-war between institutional demand and macro fears. 👀
$BTC $IBIT.ETF $FBTC.ETF
#bitcoin #crypto
Despite oil moving toward $88 and renewed ratenhike fears pressuring risk assets, Spot Bitcoin ETFs still saw nearly $987M in inflows last week.
To me, that shows institutional demand is still strong, even with the macro pressure.
The key level I’m watching is $77K. If that breaks, $72K could come into focus ahead of the CPI report.
For now, it’s a real tug-of-war between institutional demand and macro fears. 👀
$BTC $IBIT.ETF $FBTC.ETF
#bitcoin #crypto
