$BTC Bitcoin Momentum Declines: Liquidity Slows, NVIDIA Correlation Impact
💥Bitcoin Stabilizes Between $90,000 and $100,000 Due to Liquidity Slows, NVIDIA Stock Momentum Slows💥
Bitcoin Momentum Declines: Liquidity Slows, NVIDIA Stock Correlation Impact
Current Price: Bitcoin stabilizes between $90,000 and $100,000, with upward momentum stalling after a brief attempt to reach $100,000.
👈 Reasons for the Slowdown:
⭐Low Liquidity Flows: Stablecoin and ETF inflows fell to $7 billion from $15 billion last month.
⭐Low NVIDIA Correlation: NVIDIA's positively correlated performance with Bitcoin since 2022 has weighed on the currency's rally.
👈
Forecast:
A break above $100,000 requires stronger liquidity flows and stable market sentiment.
BTCUSDT
Permanent
98,031.2
+0.4%
XRPUSDT
Permanent
2.3465
+4.75%
BNBUSDT
Permanent
689.24
-2.02%
