In recent days, BTC has impulsively updated its all-time highs and is now undergoing a slight correction. The CME gap remains open and it would make sense for it to be filled.
Based on exchange inflow metrics, we've seen a very active inflow of BTC to exchanges over the past two days — the last time we saw similar inflows was on February 25.
Today, the vote on the Genius Act failed in the White House, but a second vote is expected later this evening. We'll see if they manage to push it through on the second attempt, or if this will serve as a dose of negative sentiment for the market, sending us into a correction.
Written by Onchain School
