🚀 #Bitcoin exchange inflows surged dramatically after the US Consumer Confidence report was released, with the Bitcoin Exchange Inflow (Top 10) metric surpassing 5,000 $BTC three times in one day. This metric, which tracks deposits of $BTC into the top 10 exchanges, often signals potential selling pressure from large holders or institutions preparing for liquidation.

Spikes in exchange inflows preceded a decline in $BTC's price, suggesting that major holders might have been preparing to sell before the correction. The increased volatility in inflows towards the end of the period coincided with a sharp drop in $BTC's price to $86.9K, indicating a mix of panic selling and strategic profit-taking by large investors.

The consumer confidence reaching an eight-month low has fueled concerns about inflation and potential tariffs under a hypothetical second Trump administration. Proposed tariffs, including a 10% levy on all imports and potential 60%+ taxes on Chinese goods, could increase consumer prices and strain household budgets. Businesses might pass these costs onto consumers, worsening inflation, while retaliatory tariffs could disrupt global supply chains and impact key industries' employment, leading to heightened $BTC market volatility.

$BTC's price dropped to a three-month low this week, and the broader cryptocurrency market also faced losses, with total market capitalization falling to $2.91 trillion. Market sentiment is strained, with warnings that stagnant $BTC prices could dampen institutional demand and limit upward momentum. Additionally, concerns about potential $BTC market turbulence were raised, with predictions of "goblin town incoming." It was highlighted that hedge funds holding shares of BlackRock’s iShares Bitcoin Trust ($IBIT) while shorting $BTC futures on the Chicago Mercantile Exchange (CME) aim to capture a higher yield than short-term US Treasury rates. If the futures basis compresses as $BTC declines, these funds may be forced to sell $IBIT shares and buy back their short CME futures positions.