The recent hawkish Fed announcement hasn’t fazed Bitcoin one bit – the price is still quietly hovering around 63-64k USD. But if you think the bulls are about to make a comeback, you might want to take a closer look.
The issue lies with the real money flow: Bitcoin ETFs continue to see net outflows, with Grayscale alone losing over 100 million USD this week. BlackRock and Fidelity did provide some light inflows, but it's not enough to spark a rally. The selling pressure is real, but that doesn’t mean demand is rising. The market is simply... waiting.
In the coming days, all eyes will be on U.S. inflation data and any unexpected interest rate signals. Without a strong enough catalyst, the 60k-66k range will likely continue to be the battleground for meaningless price swings. The low funding rate further indicates that traders aren’t keen on leveraging right now.
For me, this is a time to prioritize risk management over guessing the direction. The longer the market accumulates, the stronger the breakout will be afterwards – but no one knows which way it will go. Stay sharp and do your own research.
#BTC #Bitcoin #PhanTich #ETF #Fed
The issue lies with the real money flow: Bitcoin ETFs continue to see net outflows, with Grayscale alone losing over 100 million USD this week. BlackRock and Fidelity did provide some light inflows, but it's not enough to spark a rally. The selling pressure is real, but that doesn’t mean demand is rising. The market is simply... waiting.
In the coming days, all eyes will be on U.S. inflation data and any unexpected interest rate signals. Without a strong enough catalyst, the 60k-66k range will likely continue to be the battleground for meaningless price swings. The low funding rate further indicates that traders aren’t keen on leveraging right now.
For me, this is a time to prioritize risk management over guessing the direction. The longer the market accumulates, the stronger the breakout will be afterwards – but no one knows which way it will go. Stay sharp and do your own research.
#BTC #Bitcoin #PhanTich #ETF #Fed