#SECETFApproval

📉 Bitcoin Price Update

1. BTC Slides as U.S. Fed Comments Shake Markets

The U.S. Federal Reserve hinted at delaying rate cuts until late 2025, strengthening the dollar and pushing Bitcoin and other risk assets downward.

2. Mt. Gox Repayments Begin

The long-awaited Mt. Gox creditor repayments have officially started, leading to selling pressure as thousands of BTC are expected to be liquidated.

3. Germany’s Bitcoin Transfers Continue

The German government continues offloading seized Bitcoin. Over 5,000 BTC was moved to exchanges this week, contributing to downward pressure.

4. Spot ETF Flows Turn Negative

After weeks of inflows, U.S. spot Bitcoin ETFs are now seeing net outflows, reflecting cautious investor sentiment amid market volatility.

📊 On-Chain & Market Insights

Exchange Reserves: Increasing — Suggesting more BTC is being sent to exchanges for potential selling.

Whale Activity: Rising — Large holders have moved ~15,000 BTC in the past 48 hours.

Fear & Greed Index: 38 — Fear zone

🔮 Analyst Outlook

Many analysts now predict a short-term bottom around $50,000–$52,000.

Long-term outlook remains bullish for late 2025, especially leading into the U.S. elections and post-halving cycle growth.

Would you like a Bitcoin price prediction chart or updates on altcoins like Ethereum, XRP, or Solana?