Bitcoin has been subjected to a very intense flow of news throughout the week, both in terms of global macro pricing and the internal dynamics of the crypto market. The market, which rapidly repriced expectations for Fed interest rate cuts, faced a contradictory picture where ETF exits and entries on the institutional side were competing with each other. On the social media front, the sentiment that fell to extreme levels of fear combined with the search for a dip in the technical chart. This complex outlook has pushed Bitcoin into a search for equilibrium in the short term and a process of direction determination in the medium term.
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Bitcoin has been subjected to a very intense flow of news throughout the week, both in terms of global macro pricing and the internal dynamics of the crypto market. The market, which rapidly repriced expectations for Fed interest rate cuts, faced a contradictory picture where ETF exits and entries on the institutional side were competing with each other. On the social media front, the sentiment that fell to extreme levels of fear combined with the search for a dip in the technical chart. This complex outlook has pushed Bitcoin into a search for equilibrium in the short term and a process of direction determination in the medium term.