$BTC Review
BTC's pullback is nearing its end, and it should be confirmed after the PCE announcement tonight. Currently, it seems that reaching a new high is not a big issue.
- ETF had a net outflow of ~3200BTC yesterday, which is probably the first significant net outflow in nearly a month.
- FTX starts repayments today, ~ $5 billion
- PCE data will be announced at 20:30, with an expected rate of 2.5%
BTC is expected to challenge new highs again (supported by multiple favorable factors such as DJT Bitcoin vault, FTX refunds, etc.).
