Digital Coin News

Bitcoin Weekly Forecast: Is BTC out of the woods?

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Bitcoin News

Cryptocurrencies,Technical Analysis,ETF

Bitcoin (BTC) appears poised for a slight decline this week, influenced by factors such as the German Government's deposit of over 1,700 BTC in exchanges, decreasing outflows in US spot ETFs, and on-chain data indicating no signs of BTC DeFi liquidation.

The German Government's deposit of over 1,700 BTC in exchanges creates FUD in markets. On-chain data shows no signs of Defi liquidation for BTC, and a decline in spot Bitcoin ETFs holdings signals a downward correction. MicroStrategy, a significant BTC investor, acquires 11,931 BTC worth $786 million, while VanEck's Bitcoin ETF goes live on Australia's largest stock exchange.

BTC Defi Liquidation chart Bitcoin spot ETFs display weakness According to CryptoQuant data for Bitcoin ETFs, the Historical Bitcoin Holdings Trend metric provides a retrospective view of the cumulative Bitcoin holdings across all ETF issuers. Increases or decreases in the metric indicate shifts in institutional demand for Bitcoin exposure or changes in investment strategies. US spot Bitcoin ETFs have experienced continued outflows for a second consecutive week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ERROR

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Weekly Forecast: BTC struggles, but $80K is at striking distanceBitcoin (BTC) price is in a good position to resume the bull rally despite the recent struggle.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin Weekly Forecast: BTC likely to provide another buying opportunityBitcoin (BTC) price looks weak on the lower timeframes, which might provide opportunities to accumulate.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin Weekly Forecast: Has BTC found a local price bottom?Bitcoin (BTC) price looks set for a mild fall this week, weighed by slight outflows in the US spot ETFs and the US Federal Reserve (Fed) keeping a hawkish interest-rate outlook despite easing inflation.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin Price Analysis: The Bullish and The Bearish Case for BTC Following 5% Weekly CrashCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin (BTC) Price Recovers From a Weekly Low, Ethereum (ETH) Eyes $3.8K (Weekend Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Michael Saylor Celebrates Important Bitcoin Anniversary: DetailsVocal Bitcoin proponent Saylor has published celebratory Bitcoin tweet to recall his personal BTC anniversary
Source: Utoday_en - 🏆 295. / 63 Read more »