๐Crypto market sees a boost with Bitcoin & Ethereum gaining 3.4% & 2.43% respectively in the last 24 hrs. BTC is hovering around $70k, ETH is battling the $4k mark. Market sentiment is shifting, especially among retail traders on Binance.๐
๐Retail investors are buying the dip with 70.25% of Binance accounts holding net long positions on BTC, up from 57% just a day ago. This shows a strong belief in a potential rebound ahead of the FOMC meeting.
๐Despite this, ETF outflows show investor caution. Grayscaleโs GBTC saw the largest net outflows of $121M, followed by ARK Investโs ARKB ($65.5M), & Bitwiseโs BITB ($11.7M).
๐ฏLower inflation figures are expected to further boost the crypto market. The latest price movement & retail long position could mean that BTC has already priced in the latest CPI data & the upcoming Fed decision.
What's your take on this? Are you buying the dip too? Let's chat below!๐ #CryptoNews #Bitcoin #Ethereum