📉 Mike McGlone of Bloomberg Intelligence analyzes market trends: Funds are flowing into safe assets due to prevailing market conditions. He notes the 100-week moving average's downward trajectory might outweigh the 50-week's upward trend. Rising crude oil prices also strain liquidity. 🛢️ #bitcoinworld #marketanalysis #bloomberginsights

Bloomberg says not to worry !

Bitcoin price has dropped 12% in the last 5 days, leading to fear among investors before the halving.
However, Bloomberg analyst Eric Balchunas believes this is a normal cool-off after a record-breaking period for Bitcoin ETFs.
He points out that the recent outflows are small and not caused by institutional investors but by individual Bitcoin holders. Despite the recent dip,
Bitcoin is still up significantly compared to last year.
#bloomberginsights #BitcoinHodlers #news2024 #Bitcoin❗️

#ETH
Bloomberg just posted a story and immediately withdrew it before someone could really read it.
Just a fraction of seconds.
Something very big is coming.

Either a Blood decline or a flower BULL.

Follow for more updates.

#ETH #bloomberginsights