Something in the news just caught my attention.
That record outflow number for Bitcoin in June is wild, beating the previous worst month by 29%. We saw nine straight days of redemptions to close the period, which is just brutal. 📉
This comes right after $BTC dropped 20% last month. The monthly chart for $BTC is looking really concerning, not just the daily fluctuations.
These outflows mean big money is pulling out, imo, and it's a strong signal that we might see more downside pressure.
$BTC is currently at $58740.01, and we even dipped as low as $57800.19 recently. That's a serious test of support.
It's not just $BTC feeling the heat either. Even $XRP ,
That record outflow number for Bitcoin in June is wild, beating the previous worst month by 29%. We saw nine straight days of redemptions to close the period, which is just brutal. 📉
This comes right after $BTC dropped 20% last month. The monthly chart for $BTC is looking really concerning, not just the daily fluctuations.
These outflows mean big money is pulling out, imo, and it's a strong signal that we might see more downside pressure.
$BTC is currently at $58740.01, and we even dipped as low as $57800.19 recently. That's a serious test of support.
It's not just $BTC feeling the heat either. Even $XRP ,