🚀 Bitcoin Weekly Outlook — Navigating the US Inflation Ride 🎢
Bitcoin saw a record-breaking surge to $124,474 before a sharp reversal made for a turbulent week in the markets.
Market Recap
BTC hit an all-time high of $124,474 before tumbling below $118,000.
Mixed US inflation data initially boosted momentum but later triggered a pullback.
Nearly $1.89B in long positions were unwound as sentiment shifted from bullish to cautious.
What Happened
On Thursday, the US Producer Price Index (PPI) came in hotter than expected, signaling rising inflation. This shifted markets into risk-off mode, pulling BTC down 4% to around $118,900 and dimming hopes for a 50 bps Fed rate cut.
Impact on Traders
CryptoQuant data shows $1.89B worth of long BTC positions closed when the price dropped under $118K — suggesting aggressive selling and liquidations.
Institutional Moves
Sentora’s Bitcoin Treasury Strategy report shows 213 corporations and governments holding $228.85B in BTC:
Public companies: 71.4%
Private companies: 24.4%
Governments/others: 4.2%
SoSoValue recorded $561.95M in institutional net inflows through Thursday — slightly higher than last week but below mid-July’s peak levels when BTC was at a similar price.
Takeaway
Despite the volatility, more firms are adding BTC to their treasuries, signaling growing adoption and long-term confidence.
