🚀 Bitcoin's Rollercoaster: Bulls vs. Bears 🎢

Bitcoin (BTC) took a brief dip below $62,000 after hitting a high of $64,448 on Oct. 7. Despite a bullish start to October, today's pullback shows the bulls aren't in full control just yet.

📉 Coinbase Premium: Still Negative

- Data from CryptoQuant reveals a persistent negative Coinbase premium, indicating low demand from US retail investors.

- Selling pressure from Coinbase and Bybit is evident, contributing to the recent price drop.

💰 ETF Inflows to the Rescue?

- Bitcoin ETF saw a whopping $235.2M inflow on Oct. 7, with big names like Blackrock and Fidelity leading the charge.

Can BTC hold above its key moving averages? Share your thoughts in the comments! 💬

#Bitcoin #CryptoNews #MarketTrends