🐻 vs 🐂: Bitcoin Futures Update

- BTC futures market now has more bears than bulls, according to CryptoQuant's Axel Adler.

- Average funding rates are low, but BTC remains stable, year-end forecast optimistic. 📈

📉 BTC is down 4.3% over the past month, failing to break above $64,500. However, if it holds above $50,000, a rate cut could trigger a strong rally.

- Fed rate cut on September 18 could be the next big catalyst.

- CME FedWatch: 83% chance of 25 basis points, 17% chance of 50 points.

💰 Bitcoin ETFs rebound after 8 consecutive days of declines, accumulate $117 million BTC by September 10.

- Haralampiev: ETF inflows are a strong indicator of investor sentiment.

What do you think about the BTC outlook? Share your thoughts! 💬