🚨 Bitcoin Hits 7-Week Low – Buy the Dip or More Pain Ahead? 🚨
Bitcoin slipped 0.2%, hovering near $111,375, its weakest level in almost 2 months and over 10% down from its August peak ($124,457). The market is choppy, with sellers stepping in on every rally.
🔎 Market Snapshot:
●BTC: Consolidating around $111K – sideways & volatile.
●ETFs: $250M inflows in 2 days, ending 6 straight days of outflows.
●ETH: Surged 4%, touching $4,955 ATH, backed by $570M+ inflows.
●Altcoins: XRP, SOL, BNB, DOGE, SHIB under pressure, while AVAX +5% in 24H.
●Binance Flows: $1.65B stablecoin deposits + nearly $1B ETH withdrawals → capital rotation into spot market.
📉 Analysts see short-term downside pressure on BTC, but mid-term fundamentals remain strong with ETF inflows & resilient on-chain activity. Some experts call this a healthy pullback inside a bullish trend.
💡 U.S. Commerce Dept. also revealed plans to publish economic data on blockchain, a big step for adoption.
⚡ Key Takeaway:
BTC may dip further in the short run, but ETH’s momentum and renewed ETF flows suggest investors are accumulating on corrections. The big question: Is this the dip to buy?
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