#bitcoinfiveweeklylosses
🚨 Bitcoin Posts Fifth Straight Weekly Loss as Selling Pressure Builds
Bitcoin has now closed five consecutive weeks in the red, falling from around $86,500 in early October to roughly $74,800. The latest weekly decline was about 4.5%, making it the largest loss of the current streak.
The pressure is coming from several directions. U.S. spot Bitcoin ETFs recorded around $1.28 billion in net outflows last week, while leveraged long liquidations topped $1 billion during the latest sell-off. BTC also closed below its 50-week moving average, adding to the cautious technical picture.
For traders, the key question is whether this is seller exhaustion or the start of another leg lower. A sustained recovery above recent resistance would improve sentiment, while continued weakness below the $75K area keeps bears in control.
With U.S. inflation data due this week, macro conditions could be the next major catalyst.
Bottom line: Momentum remains bearish, but traders should watch ETF flows, $75K price action and upcoming CPI data for signs of stabilization.
#Bitcoin #BTC #Crypto #CryptoMarket
$KOMA $AIN $APR
🚨 Bitcoin Posts Fifth Straight Weekly Loss as Selling Pressure Builds
Bitcoin has now closed five consecutive weeks in the red, falling from around $86,500 in early October to roughly $74,800. The latest weekly decline was about 4.5%, making it the largest loss of the current streak.
The pressure is coming from several directions. U.S. spot Bitcoin ETFs recorded around $1.28 billion in net outflows last week, while leveraged long liquidations topped $1 billion during the latest sell-off. BTC also closed below its 50-week moving average, adding to the cautious technical picture.
For traders, the key question is whether this is seller exhaustion or the start of another leg lower. A sustained recovery above recent resistance would improve sentiment, while continued weakness below the $75K area keeps bears in control.
With U.S. inflation data due this week, macro conditions could be the next major catalyst.
Bottom line: Momentum remains bearish, but traders should watch ETF flows, $75K price action and upcoming CPI data for signs of stabilization.
#Bitcoin #BTC #Crypto #CryptoMarket
$KOMA $AIN $APR
