Bitcoin experienced a 2.88% price drop in the last 24 hours, influenced by macro policy and significant outflows, leading to further analysis.

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Bearish Technical Indicators: Bitcoin's price dropped by approximately 2.88% in the last 24 hours, with EMA, MACD, and Bollinger Bands signaling a strong bearish trend supported by high selling volume.

Macro Policy Underperformance: The expected positive impact of the Fed's rate cut was negated as the market had already priced it in, resulting in a "sell the news" event and a negative price reaction.

Whale & ETF Outflows: Significant outflows of BTC from exchanges by large holders and net negative flows from Bitcoin Spot ETFs indicate a predominant selling pressure from institutional and large individual investors.

BTC
BTC
72,958.05
-1.38%
ETH
ETHUSDT
1,988.02
-1.87%
BNB
BNB
725.92
+0.35%

#FOMCMeeting $BTC $BNB $BNB #MarketPullback #FranceBTCReserveBill