*Bitcoin's Wild Ride: How US Inflation Data Sent BTC on a Rollercoaster*

🚀💥 Bitcoin's weekly outlook is a story of extreme highs and lows! After reaching an all-time high of $124,474, BTC plummeted below $118,000, leaving investors breathless. 🤯

*The US Inflation Effect*

📊 The latest US inflation data had a significant impact on Bitcoin's price. The Producer Price Index (PPI) surpassed expert predictions, indicating rising inflation. This led to a risk-off sentiment, causing BTC to fall below $118,000 and ruling out a 50-basis-point rate drop. 📉

*Long Positions Unwind*

💸 The rapid decline in BTC's price led to a massive unwind of long positions, with $1.89 billion in long bets on-chain being liquidated. This signals a shift from optimism to caution among investors. 🚨

*Institutional Investors Weigh In*

🏦 Despite the turbulence, institutional investors continued to show interest in Bitcoin, with a net inflow of $561.95 million this week. This suggests that more firms are storing BTC, indicating broader usage and acceptability. 📈

*The Future of Bitcoin*

🔮 As the market continues to fluctuate, one thing is clear: Bitcoin's popularity is growing. With 213 corporations and governments holding $228.85 billion in BTC, the cryptocurrency's momentum is undeniable. 💪

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