Updated technical chart on bitcoin by J-C Parets.
👉 102 level is the big one. 155 is next. 242 after that. Source: J-C Parets
Bitcoin ETFs are hit by a record $1 billion outflow in one day
Investors yanked more than $1 billion from spot Bitcoin exchange-traded funds Tuesday, marking the biggest one-day outflow since the cohort’s debut last January. Fidelity Wise Origin Bitcoin Fund (ticker FBTC) posted the steepest outflows among these funds, followed by the iShares Bitcoin Trust ETF (IBIT), according to data compiled by Bloomberg. As a group, the Bitcoin funds shed roughly $2.1 billion over six consecutive days — the longest stretch of outflows since last June. source : yahoo!finance, bloomberg
At $80,000, Bitcoin is now down around 27% from its all-time high of $109,000.
Is that a big drawdown for Bitcoin? No... Source: Charlie Bilello
🚨74% of bitcoin losses came from holders who bought in the last month
🚨Newcomers are getting shaken out. Source: Quinten | 048.eth @QuintenFrancois on X, Glassnode
Bitcoin basically at the 200 day moving average....
Source: The Market Ear
Bitcoin and TQQQ (3x QQQ) have moved in tandem for a long time.
Looks like BTC wants "this" even lower. Source: The Market Ear
Bitcoin under $90k...
here's a compilation of the best crypto liquidation memes on X
It's the liquidity stupid...
Bitcoin $BTC is finally catching up with the drop of liquidity (with a 10 weeks lag). The good news is that Global M2 is accelerating again (but due to the lag risk assets should resume uptrend later on - all other things being equal of course...) Source: Bloomberg, Joe Consorti
