๐ Brace yourselves, crypto enthusiasts! ๐
According to the latest insights from 10x Research, the recent surge in U.S.-listed spot bitcoin ETF inflows may not be enough to sustain Bitcoin's bullish momentum. ๐๐
While last week saw record-breaking inflows totaling a staggering $2.6 billion, there's a catch: the trend is slowing down. ๐ฌ And if demand doesn't pick up in the next few days, we could be in for another downturn in Bitcoin's price. ๐ฑ๐ธ
Despite the euphoria of reaching new all-time highs near $74,000, the latter part of the week saw a significant drop in net inflows, signaling potential trouble ahead. ๐๐ฅ
With Bitcoin's price stabilizing around $67,000, all eyes are now on Monday and Tuesday for the "real test." ๐ If ETF inflows disappoint, we might witness a correction down to $59,035, marking a 10% drop from current levels. ๐ผ๐ฐ
It's a nail-biting moment for investors as we await the verdict of the market's reaction to these developments. โณ Will Bitcoin hold its ground, or are we in for a rocky ride ahead? Only time will tell. โฐ๐ฅ #Bitcoin #ETF #MarketVolatility ๐๐