sell
Bitcoin Drops to $107K Despite ETF Inflows Amid Whale Transfer and Macro Risks
Despite an inflow of $1 billion into ETFs over two days, Bitcoin's price dropped to $107,000. One reason behind this decline is a whale waking up after 14 years, transferring 80,009 BTC. Although concerns about selling are understandable, large transfers do not typically lead to immediate dumping. The movement from so many addresses simultaneously draws attention and could impact the price, but it's believed that the coins are unlikely to be sold, according to Cointelegraph analyst. A more plausible cause for weakness is profit-taking ahead of the weekend amid macroeconomic risks. Bank of America warns of a "bubble" risk linked to Trump's fiscal package, which could increase US federal deficit by $3.4 trillion, and the approaching tariff deadline on Wednesday.
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AI Analysis
The recent drop in Bitcoin's price to around $107,000 occurs despite notable ETF inflows totaling $1 billion over two days, indicating that external capital movements alone do not guarantee price stab...
AI Recommendation
Given the current conditions, it is advisable to adopt a cautious stance. Investors should avoid making aggressive buys until there is clearer evidence of sustained bullish momentum or positive macroe...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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