WEEKLY MARKET UPDATE:
$BTC is at $63,000 right now, down about 3% this week. tough week this time. the ETFs were selling almost every day.
last week we said "wednesday is the big day" the US inflation numbers came out that day. and the numbers were actually good. inflation went down to 3.4%.
but even with good news, the price still dropped. buyers just didn't show up this week.
📊 ETF FLOWS:
last week: 5 green days out of 5.
this week: 4 red days out of 5.
- around $380M left the funds
- FBTC sold the most
- even IBIT was selling, right after buying big last week
- total: -6.03K BTC this week
My take:
good news came out, but nobody was buying. that usually means people are waiting to see what happens next.
no need to worry though. one bad week after a perfect one is normal. let's see how next week goes
#BTC Price Analysis# #Macro Insights# #Altcoin Season#
$BTC is at $63,000 right now, down about 3% this week. tough week this time. the ETFs were selling almost every day.
last week we said "wednesday is the big day" the US inflation numbers came out that day. and the numbers were actually good. inflation went down to 3.4%.
but even with good news, the price still dropped. buyers just didn't show up this week.
📊 ETF FLOWS:
last week: 5 green days out of 5.
this week: 4 red days out of 5.
- around $380M left the funds
- FBTC sold the most
- even IBIT was selling, right after buying big last week
- total: -6.03K BTC this week
My take:
good news came out, but nobody was buying. that usually means people are waiting to see what happens next.
no need to worry though. one bad week after a perfect one is normal. let's see how next week goes
#BTC Price Analysis# #Macro Insights# #Altcoin Season#