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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