New weekly at $107,106, having jumped by +3.19% in 24 hours. ๐
What is driving this momentum? Standard short liquidations - over $66.3 million in short sales were eliminated as the price rose from $103,000 to $105,500. This is a strong signal of significant momentum and potential new capital inflows. ๐ธ
๐ Meanwhile, TradFi is waking up.
10 instant investment funds for Bitcoin have seen net inflows of 2,103 Bitcoins (, approximately 210 million dollars ).
BlackRock alone has added 1,250 Bitcoin, bringing its total to over 633,000 Bitcoin. Institutions are not just monitoring but are also buying. ๐
๐ง But not all lights are green.
The dual CDD indicator ( days of currency destruction ) indicates that currency holders are moving coins, possibly to realize profits.
As the RSI indicator shows, Bitcoin may be in the overbought territory.
There may be some short-term cooling before the next rise. ๐
๐ฏ Summary:
Strong bullish momentum โ
Institutional inflows โ
But expect a local pullback while smart investors hold onto their gains. A strong drop could be a reversal point. ๐ฏ
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CryptoLDGrace
ยท 05-21 11:49
Dynamic daily attendance post, no less than fifty words no less than fifty words no less than fifty words no less than fifty words no less than fifty words no less than fifty words no less than fifty words no less than fifty words no less than fifty words no less than fifty words
#GT #BTC #XRP #ETH #DOGE ๐โ ๐ฏ๐ฐ๐๐ธ๐ช๐ธ๐๐ฏ
New weekly at $107,106, having jumped by +3.19% in 24 hours. ๐
What is driving this momentum? Standard short liquidations - over $66.3 million in short sales were eliminated as the price rose from $103,000 to $105,500. This is a strong signal of significant momentum and potential new capital inflows. ๐ธ
๐ Meanwhile, TradFi is waking up.
10 instant investment funds for Bitcoin have seen net inflows of 2,103 Bitcoins (, approximately 210 million dollars ).
BlackRock alone has added 1,250 Bitcoin, bringing its total to over 633,000 Bitcoin. Institutions are not just monitoring but are also buying. ๐
๐ง But not all lights are green.
The dual CDD indicator ( days of currency destruction ) indicates that currency holders are moving coins, possibly to realize profits.
As the RSI indicator shows, Bitcoin may be in the overbought territory.
There may be some short-term cooling before the next rise. ๐
๐ฏ Summary:
Strong bullish momentum โ
Institutional inflows โ
But expect a local pullback while smart investors hold onto their gains. A strong drop could be a reversal point. ๐ฏ