🎢 Bitcoin's rollercoaster ride continues! After a dip to $66,000, BTC bounced back to $69,000 on June 12. Why? Well, it seems the US inflation data, which was more positive than expected, set the stage for a rally in risk-on assets, including our beloved Bitcoin. Now, the $72,000 question is, can BTC keep this momentum going? Derivatives market says "maybe!"

However, we can't ignore the elephant in the room – miner and ETF outflows. If these continue, it could rain on Bitcoin's parade. Also, large transfers from miners to exchanges can spook investors, leading to a price drop. Case in point, Marathon Digital's sale of 1,000 BTC on June 10.

But, it's not all doom and gloom! Despite the $66,000 dip, Bitcoin's primary derivatives metric showed resilience, hinting that traders weren't over-reliant on excessive leverage. So, the potential for Bitcoin to hit $72,000 is still on the table. Stay tuned, folks! 🚀