Significant spot interest is in the 60k range.
GBTC outflows back to their 2019 range, thus are most likely going to slow significantly.
The cost basis of ETF buyers is around 57k.
Miners are selling Bitcoin before the halving to secure cash in anticipation of reduced revenue (while difficulty is still high). Remember that forced selling is a buying opportunity during bull markets.
I only have enough experience to look at the Bitcoin market in isolation. I am not a short term macro expert, however in the long run we know for a fact that inflation is going to keep asset prices elevated due to long term devaluation of currency. Price action is neutral at this time. I do not see new highs immediately, I think we will slowly grind up.
GBTC outflows back to their 2019 range, thus are most likely going to slow significantly.
The cost basis of ETF buyers is around 57k.
Miners are selling Bitcoin before the halving to secure cash in anticipation of reduced revenue (while difficulty is still high). Remember that forced selling is a buying opportunity during bull markets.
I only have enough experience to look at the Bitcoin market in isolation. I am not a short term macro expert, however in the long run we know for a fact that inflation is going to keep asset prices elevated due to long term devaluation of currency. Price action is neutral at this time. I do not see new highs immediately, I think we will slowly grind up.