Why is Bitcoin on a downward trend?

BTC's value dropped 6% since Monday 📉

This happened after comments from Fed policymakers suggesting prolonged high interest rates 🇺🇸

Decrease in expected this year is less likely 📉

High rates boost the dollar index by 1.00% in a week 📈

Pushing the 10-year US Treasury note up ⬆️

This adversely affects BTC 📉

Capital inflows into ETFs remain low 📉

Only Bitwise fund got $11.5 million on 05/08 💰

Whales are buying when BTC dips 🐋

Santiment data shows wallets with 1–10k BTC accumulated 15k BTC worth $941m in 24 hrs 💼

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