WHY IS $BTC PUMPING?
quick breakdown my friends a few things lined up at the same time:
» shorts got squeezed. when $65K broke, $56M in short positions got liquidated and that pushed the price even higher
» ETFs are having their strongest month since april, around $870M in inflows this august
» rate hike odds for september dropped from 76% to 30% in a month
AND today the Fed releases the minutes from its july meeting. the market is positioning before it
so it's not one single reason. everything just lined up at the same time.
$67K now. let's see if it holds after the Fed minutes tonight! #BTC Price Analysis# #Macro Insights# #Altcoin Season#
quick breakdown my friends a few things lined up at the same time:
» shorts got squeezed. when $65K broke, $56M in short positions got liquidated and that pushed the price even higher
» ETFs are having their strongest month since april, around $870M in inflows this august
» rate hike odds for september dropped from 76% to 30% in a month
AND today the Fed releases the minutes from its july meeting. the market is positioning before it
so it's not one single reason. everything just lined up at the same time.
$67K now. let's see if it holds after the Fed minutes tonight! #BTC Price Analysis# #Macro Insights# #Altcoin Season#