๐ Bitcoin Weekly Outlook โ Riding the US Inflation Rollercoaster ๐ข
๐ Market Recap:
ATH hit: $124,474 before a sharp drop below $118,000.
Mixed US inflation data first fueled gains, then triggered profit-taking.
Liquidations: $1.89B in BTC longs wiped as sentiment flipped from bullish to cautious.
๐ What Sparked the Drop:
Thursdayโs US PPI came in hotter than expected โ inflation concerns up.
Risk-off shift killed hopes for a 50 bps Fed rate cut.
BTC slid 4% to $118,900, breaking short-term momentum.
๐ฅ Impact on Traders:
$1.89B in long positions closed under $118K (CryptoQuant).
Aggressive selling & forced liquidations dominated the drop.
๐ฆ Institutional Moves:
Sentora data: 213 corps/governments now hold $228.85B BTC.
Public cos: 71.4% | Private cos: 24.4% | Gov/Others: 4.2%
SoSoValue: $561.95M net institutional inflows through Thursday โ higher than last week but below mid-July peaks.
๐ก Key Takeaway:
Volatilityโs back, but institutional accumulation keeps growing โ hinting that the smart money still sees BTCโs long-term value.
#bitcoin #BTC #InflationData #CryptoMarkets #InstitutionalAdoption