BITCOIN JUST HIT $87,000. ๐
An 11-month high.
Here's what's driving it:
๐ฐ A record ETF inflow, the largest single-day amount in 11 months, pushed BTC above its key moving average
๐ฅ Over $1 BILLION in positions liquidated in a single 24-hour stretch on the way up
๐ $BTC is up ~15% over the past week alone
๐ฅ Altcoins joining in: $XRP P up 8.3%, $ZEC up 9.8%
The setup looked bearish going in: regulatory failure, tightening liquidity, a wobbling risk trade. Bitcoin went to $87K anyway.
Next test: can it clear the 1.07M BTC supply wall on the way to $90K?
Are we breaking through, or is this where it stalls? ๐
#bitcoin #BTC #etf #CryptoNews #BinanceSquare
An 11-month high.
Here's what's driving it:
๐ฐ A record ETF inflow, the largest single-day amount in 11 months, pushed BTC above its key moving average
๐ฅ Over $1 BILLION in positions liquidated in a single 24-hour stretch on the way up
๐ $BTC is up ~15% over the past week alone
๐ฅ Altcoins joining in: $XRP P up 8.3%, $ZEC up 9.8%
The setup looked bearish going in: regulatory failure, tightening liquidity, a wobbling risk trade. Bitcoin went to $87K anyway.
Next test: can it clear the 1.07M BTC supply wall on the way to $90K?
Are we breaking through, or is this where it stalls? ๐
#bitcoin #BTC #etf #CryptoNews #BinanceSquare