📈 Bitcoin and stocks reversed their overnight plunge after the Democratic sweep, per CoinDesk. $BTC bounced from a 7-week low under $76K, per Cointelegraph.
$BTC is $78,614 (+1.8%), $ETH $2,326 (+1.6%), and 91 of 145 liquid perps are green. ETF selling is slowing too: $116M, per Bitcoin.com, after $1.16B over the previous three days.
Is the bounce real?
1️⃣ Yes, the rally continues
2️⃣ No, it's a relief bounce inside a downtrend
3️⃣ Depends on ETF flows
I'm taking 3️⃣. A bounce on slowing outflows is encouraging, but it needs inflows to prove it. Reply 1, 2 or 3 👇
$BTC $ETH #BinanceSquare #WriteToEarn
$BTC is $78,614 (+1.8%), $ETH $2,326 (+1.6%), and 91 of 145 liquid perps are green. ETF selling is slowing too: $116M, per Bitcoin.com, after $1.16B over the previous three days.
Is the bounce real?
1️⃣ Yes, the rally continues
2️⃣ No, it's a relief bounce inside a downtrend
3️⃣ Depends on ETF flows
I'm taking 3️⃣. A bounce on slowing outflows is encouraging, but it needs inflows to prove it. Reply 1, 2 or 3 👇
$BTC $ETH #BinanceSquare #WriteToEarn
