Binance Square
LIVE
LIVE
LONG BTC
--ใƒป178 views
๐Ÿš€๐Ÿ“ˆ Bitcoin enthusiasts, buckle up! The U.S. Federal Reserve's decision to keep the benchmark federal rate steady at 5.25% to 5.50% could spark some short-term price fluctuations for our beloved BTC, according to Bitfinex analysts. But don't fret, the overall trajectory may stay positive, especially if the broader economic conditions continue to strengthen. ๐Ÿ’ช๐Ÿ’ฐ Historically, Bitcoin has reached local peaks around the release of the Consumer Price Index (CPI) data, indicating potential volatility. But the world's largest digital asset might stabilize near current levels or even see modest increases, buoyed by investor optimism about future rate cuts expected later this year. ๐Ÿ“Š๐ŸŽข The Fed's rate decision could also bring stability to ETF flows, with spot Bitcoin ETFs potentially experiencing steady inflows. The introduction of spot Ether ETFs could attract significant interest, paving the way for diversified investments across both Bitcoin and Ethereum ETFs. ๐Ÿ“ˆ๐ŸŒ Bitcoin recently soared above $69,000 following the release of the CPI data, and despite a subsequent correction bringing it near $67,000, the retail crowd on Binance continues to hold net long positions on Bitcoin, anticipating a rebound. So, keep those HODL vibes strong, BTC fans! ๐Ÿš€๐ŸŒ•

๐Ÿš€๐Ÿ“ˆ Bitcoin enthusiasts, buckle up! The U.S. Federal Reserve's decision to keep the benchmark federal rate steady at 5.25% to 5.50% could spark some short-term price fluctuations for our beloved BTC, according to Bitfinex analysts. But don't fret, the overall trajectory may stay positive, especially if the broader economic conditions continue to strengthen. ๐Ÿ’ช๐Ÿ’ฐ

Historically, Bitcoin has reached local peaks around the release of the Consumer Price Index (CPI) data, indicating potential volatility. But the world's largest digital asset might stabilize near current levels or even see modest increases, buoyed by investor optimism about future rate cuts expected later this year. ๐Ÿ“Š๐ŸŽข

The Fed's rate decision could also bring stability to ETF flows, with spot Bitcoin ETFs potentially experiencing steady inflows. The introduction of spot Ether ETFs could attract significant interest, paving the way for diversified investments across both Bitcoin and Ethereum ETFs. ๐Ÿ“ˆ๐ŸŒ

Bitcoin recently soared above $69,000 following the release of the CPI data, and despite a subsequent correction bringing it near $67,000, the retail crowd on Binance continues to hold net long positions on Bitcoin, anticipating a rebound. So, keep those HODL vibes strong, BTC fans! ๐Ÿš€๐ŸŒ•

Izjava o omejitvi odgovornosti: vkljuฤuje mnenja tretjih oseb. Ni finanฤni nasvet. Lahko vkljuฤuje sponzorirano vsebino.ย Glejte Pogoje.
0
Raziลกฤite najnovejลกe novice o kriptovalutah
โšก๏ธ Sodelujte v najnovejลกih razpravah o kriptovalutah
๐Ÿ’ฌ Sodelujte z najljubลกimi ustvarjalci
๐Ÿ‘ Uลพivajte v vsebini, ki vas zanima
E-naslov/telefonska ลกtevilka
Ustrezen ustvarjalec
LIVE
@Square-Creator-4d9133520

Raziลกฤite veฤ o ustvarjalcu

๐Ÿ“ขHey there, BTC enthusiasts! ๐Ÿš€ A recent FOMC meeting, more hawkish than expected, has caused investors to reduce their exposure to fixed-supply assets. This resulted in a whopping $600 million outflow from digital asset investment products. ๐Ÿ˜ฑ This is the largest outflow since March 22, 2024. The bearish sentiment is further fueled by recent price declines, with total assets under management (AuM) dropping from over $100 billion to $94 billion this week. ๐Ÿ“‰ Interestingly, the outflows were all about Bitcoin, with the cryptocurrency seeing $621 million in withdrawals. ๐Ÿ“ค The bearish sentiment also triggered $1.8 million inflows into short-bitcoin investment products, indicating investors are betting against the asset's price rise. ๐ŸŽฒ On the flip side, Ethereum-based investment products saw inflows of $13.1 million over the past week. Altcoins like LIDO and XRP also saw inflows of $2 million and $1.1 million, respectively. Even Litecoin and Chainlink attracted $0.8 million each. ๐Ÿ’ฐ Despite the positive sentiment around altcoin-based investment products, trading volume was low at $11 billion for the week, compared to the $22 billion weekly average this year. However, this figure is still higher than the $2 billion a week observed last year. ๐Ÿ“Š In terms of regional distribution, the US saw the largest outflows for the week, recording $165 million. This negative sentiment extended to Switzerland, Canada, Sweden, and Hong Kong. However, Germany, Australia, and Brazil bucked the trend with inflows. ๐ŸŒŽ Stay tuned for more updates! ๐Ÿš€๐ŸŒ•
--
๐Ÿš€๐Ÿš€ Bitcoin has been on a rollercoaster ride, dipping over the past few days with bears prowling near the $70,000 mark. The result? A 4% drop over the past week, with BTC trading near $66,000. ๐Ÿ“‰ But hold on, there's a silver lining! ๐ŸŒˆ Wallets holding 10 or more BTCs have reached their highest level in two years. This suggests that without FTX's influence, the market might be reflecting demand more accurately. ๐Ÿ“Š๐Ÿ“ˆ According to Santiment, this period has seen a whopping 226% surge in bitcoin's price. As of June 16, 2024, wallets with 10+ BTC hold 16.16 million BTC, or 82% of the total bitcoin supply. ๐Ÿณ๐Ÿ’ฐ There's been speculation that former FTX chief, Sam Bankman-Fried, was suppressing crypto prices back in 2022. Since FTX's collapse in November 2022, there's been a clear correlation between the increased holdings of these wallets and BTC's overall market value. ๐Ÿง๐Ÿ’ก This could mean that while FTX was operational, forces may have been at play to distort the correlation between large-holder buying/selling behavior and market prices. But now, in the post-FTX era, that correlation seems to have reasserted itself, with whale wallet holdings more directly impacting and reflecting the broader market valuation. ๐Ÿ”„๐Ÿ” The plot thickens with former FTX's sister hedge fund CEO, Caroline Ellison, revealing mass bitcoin selling during the dramatic FTX trial last year. She claimed that the disgraced FTX founder had conspired with her to manipulate and keep the bitcoin price below $20,000 using customer funds. ๐Ÿ•ต๏ธโ€โ™€๏ธ๐Ÿ”ฆ This revelation led many to believe that bitcoin's failure to hit $100,000 during the 2021 bull market was due to this artificial sell pressure created by FTX execs. ๐ŸŽญ๐ŸŽช So, in the post-FTX era, it seems Bitcoin whale wallets are reclaiming their correlation with market value. Stay tuned for more updates! ๐ŸŽข๐Ÿš€
--

Najnovejลกe novice

Poglejte veฤ
Zemljevid spletiลกฤa
Cookie Preferences
Pogoji uporabe platforme