📉 Bitcoin's pullback is intensifying

Bitcoin is showing its first seven-day decline in the last eight weeks, as hawkish signals from the Fed prompted traders to sell the asset, which has more than doubled this year.

🔴 What's happening?
- Outflow of funds: A group of American exchange-traded funds (ETFs) directly investing in Bitcoin ended a 15-day streak of inflows on Thursday, recording a record outflow of $680 million.
- Trump and volatility: After Donald Trump's victory in the presidential election on November 5, cryptocurrencies experienced a rocket-like surge, but now market volatility is increasing, and uncertainty remains.
- Fed and inflation: Heightened expectations that the Fed will slow the pace of easing have led to diminished interest in risky assets, including Bitcoin. This also enhances attention to how quickly traditional financial companies will adopt cryptocurrencies.

⚖️ The future of Bitcoin
Given the interconnection between monetary policy, institutional adoption, and political events, Bitcoin is likely to remain sensitive to both macroeconomic and cryptocurrency catalysts through 2025.

📊 Open interest in Bitcoin futures on CME Group Inc. continues to rise, approaching record levels.

What does this mean for traders? The market situation remains unstable, and volatility may continue. It is important to monitor macroeconomic factors and the political situation to make informed decisions.