"Bitcoin extended its slide for a fifth consecutive session, drifting toward its lowest levels since early December. The recent upside correction now looks out of steam, with buyers might seem to be unwilling to defend prices unless a meaningful macro surprise emerges. This weakness is unfolding against an unusually dense macro calendar. U.S. equities reflected the same caution, with all three major indices closing lower ahead of key releases including nonfarm payrolls, unemployment, retail sales, and flash S&P Global PMI data."
"According to BGeometrics, whale wallets holding between 1,000 and 10,000 BTC have neither accumulated nor aggressively distributed in recent days, yet their count is still down by 19 from a week ago. That quiet retreat might be a signal for fear rather than strategic hodling. US spot ETF flows can tell a similar story. Data from SoSo Value shows uneven activity this week, with a sharp $357.69M outflow yesterday offset only partially by a modest $49.16M inflow on Monday."
Bitcoin entered a fifth consecutive down session and is approaching its lowest levels since early December as buyers show reluctance to defend prices absent a major macro surprise. The weakness coincides with a dense macro calendar that pressured U.S. equities ahead of key economic releases. Traders remain sensitive to data-driven shocks after October 10's liquidation wave. On-chain metrics show whale counts declining and no recent accumulation, signaling fear rather than strategic hodling. Spot ETF flows were uneven with a large outflow, and derivatives saw roughly $750M in long liquidations, reinforcing downside momentum and fragile liquidity.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]