- Macro Overview
Investors have withdrawn over 17,000 BTC, causing the total balance to drop below three million BTC, the lowest level since mid-July. The rise in stablecoin balances indicates investor preparation for upcoming significant economic events. Spot Bitcoin ETF inflows reached $117 million, continuing to attract net inflows this week, signaling the potential for notable price volatility.
- Technical Analysis
BTCUSD saw a modest correction, forming higher lows before closing above both EMAs, indicating a shift towards a bullish structure. If BTCUSD extends gains above 58,200, the price could return to the psychological level of 60,000. Meanwhile, if BTCUSD corrects before continuing upward, it may pull back to the 56,500-57,200 range.
Investors have withdrawn over 17,000 BTC, causing the total balance to drop below three million BTC, the lowest level since mid-July. The rise in stablecoin balances indicates investor preparation for upcoming significant economic events. Spot Bitcoin ETF inflows reached $117 million, continuing to attract net inflows this week, signaling the potential for notable price volatility.
- Technical Analysis
BTCUSD saw a modest correction, forming higher lows before closing above both EMAs, indicating a shift towards a bullish structure. If BTCUSD extends gains above 58,200, the price could return to the psychological level of 60,000. Meanwhile, if BTCUSD corrects before continuing upward, it may pull back to the 56,500-57,200 range.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.