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Sadeeq1@
$BTC — THIS PULLBACK IS GETTING INTERESTING 👀
BTC is around $79K after dropping from the recent $82.1K high. What caught my attention is that the pullback is happening even though U.S. spot Bitcoin ETFs have brought in about $3.8B over the last three weeks.
The pressure right now is mostly macro. Oil has moved above $100, pushing inflation concerns higher, while traders are waiting for the upcoming U.S. inflation data and next week’s Fed decision.
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