Post
$BTC Review
The BTC pullback is nearing its end, and it should be confirmed after tonight's PCE announcement. Currently, it looks like reaching a new high is not a big issue.
- ETF had a net outflow of ~3200 BTC yesterday, which is probably the first significant net outflow in nearly a month.
- FTX starts repayment today, ~ $5 billion
- PCE data will be released at 20:30, with an expectation of 2.5%
BTC is expected to challenge a new high again (supported by multiple positive factors such as DJT Bitcoin treasury, FTX refunds, etc.).
The BTC pullback is nearing its end, and it should be confirmed after tonight's PCE announcement. Currently, it looks like reaching a new high is not a big issue.
- ETF had a net outflow of ~3200 BTC yesterday, which is probably the first significant net outflow in nearly a month.
- FTX starts repayment today, ~ $5 billion
- PCE data will be released at 20:30, with an expectation of 2.5%
BTC is expected to challenge a new high again (supported by multiple positive factors such as DJT Bitcoin treasury, FTX refunds, etc.).