๐ Bitcoin Weekly Outlook โ Inflation Shakes the Market ๐ข
BTC smashed a new ATH of $124,474 this week before tumbling below $118K, wiping out $1.89B in long positions. ๐
๐ What Happened?
Early Boost: Mixed US inflation data pushed BTC to new highs.
Hard Drop: Hotter-than-expected PPI numbers sparked risk-off sentiment.
Liquidations: Leverage traders hit hard as longs unwound.
๐ผ Institutions Still Buying:
$561.95M net inflow into BTC from institutional players this week.
213 companies & governments now hold $228.85B in Bitcoin.
๐ฅ Adoption is growing โ but volatility isnโt going anywhere.
