🚀 Bitcoin Weekly Outlook — Riding the US Inflation Rollercoaster 🎢
Bitcoin had a whirlwind week — smashing a record high of $124,474 before tumbling below $118,000 as US inflation data sent markets on a volatile ride.
📈 Record High, Then Sharp Drop
BTC surged to $124,474 on Thursday but quickly lost steam, dropping 4% to close near $118,900 on Friday. The mixed US inflation numbers first fueled optimism but later triggered a pullback, wiping out nearly $1.89 billion in on-chain long positions.
📊 US Inflation Data Sparks Volatility
The US Producer Price Index (PPI), released by the Bureau of Labor Statistics, came in hotter than expected — signaling rising inflation. This reduced the likelihood of a 50-basis-point Fed rate cut and spurred a “risk-off” sentiment, dragging Bitcoin back under $118,000.
💥 Long Positions Unwind
Data from CryptoQuant shows that BTC’s drop below $118,000 caused a massive liquidation wave, unwinding $1.89 billion in long positions — suggesting aggressive selling and profit-taking.
🏦 Institutional & Corporate Holdings
According to Sentora’s Bitcoin Treasury Strategy, 213 corporations and governments collectively hold $228.85 billion worth of BTC:
Public companies: 71.4%
Private companies: 24.4%
Governments & others: 4.2%
Institutional activity remains strong. SoSoValue reports a $561.95 million net inflow into Bitcoin this week through Thursday — slightly higher than last week but below July’s mid-month peak when BTC was at similar price levels.
✅ Broader Adoption Signals
The increasing number of companies adding Bitcoin to their balance sheets reflects growing mainstream acceptance and long-term bullish sentiment, even amid short-term volatility.
